00:00 Speaker A
Barclays is the latest bank to cut its S&P 500 price target as tariffs and weakening economic data weigh on markets. Our very own Josh Shafer just got off a call with the strategist behind Barclays’ target cut and he joins us now with the takeaways.
» Read more about: Why so many banks cut their year-end S&P 500 price targets »
Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened.
Futures touched their 17th record of the year just north of $3,060 after President Trump’s auto tariff announcement on Wednesday stoked further fears of a trade war.
A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher.
Editor’s Note: A version of this article was published on May 24, 2023.
Thanks to the Federal Reserve’s campaign of rate increases in 2022 and 2023, once-miserly yields on cash instruments have made a significant turnaround. Certificates of deposit, money market funds, and other cashlike assets are finally generating attractive yields for the first time in decades.
» Read more about: The Best Places to Park Your Short-Term Investments »
Tesla’s (TSLA) stock dropped nearly 6% yesterday, following President Donald Trump’s announcement of a 25% tariff on foreign-made vehicles. Meanwhile, Elon Musk, the CEO of the electric vehicle (EV) maker and a close ally of Trump, warned of “significant” impacts from the tariffs. Trump also mentioned that Musk did not express his opinion on the policy because “he may have a conflict” of interest with his own vehicle company.
» Read more about: Tesla Stock (TSLA) Drops as Musk Warns of Impact from the 25% Auto Tariffs »
Tesla, Elon Musk’s electric car company, has seen its share price fall by almost half since its December highs (as traders eye a Federal Reserve “big catalyst”).
Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset &
» Read more about: Tesla Out? New ‘Magnificent 7’ Stock Index Deals Fresh Blow To Elon Musk »
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
The whispers are turning into roars.
Artificial intelligence isn’t science fiction anymore.
It’s the revolution reshaping every industry on the planet.
From driverless cars to medical breakthroughs,
» Read more about: Why These Energy Stocks are Gaining This Week »
Barry Marshall, People-Minded business and organizational strategist. Founding Partner of P5, a boutique management consultancy.
Spring is here, and many CEOs are facing a leadership crisis in the workplace. Recent studies show that almost 6 in 10 workers are interested in a new job or actively job hunting in 2025.
» Read more about: Investing In Leadership Development: A CEO's Priority For 2025 »
The world’s largest asset manager is betting big on a growing breed of derivatives-powered ETFs that’s shaking up the art of active portfolio management.
BlackRock Inc.
» Read more about: BlackRock sees outcome ETFs jumping to US$650 billion by 2030 »
WASHINGTON — A policy change at the Social Security Administration goes into effect today and it could impact your future benefit payments. Starting on March 27, the SSA is increasing the rate at which overpayments are collected.
Known as the “default overpayment withholding rate,” the policy allows for the agency to withhold 100% of the value of an overpayment from a future benefit payment.
» Read more about: New Social Security policy could deeply impact your future benefit payments »
A slew of economic data hit the tape at 8:30 a.m. on Thursday.
In the latest sign that layoffs remain low, data from the Department of Labor released Thursday morning showed 224,000 initial jobless claims were filed in the week ending March 22, down from 225,000 the week prior and below the 221,000 economists had expected.
