NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.
The Standard & Poor’s 500 dropped 1.3% for its worst day since before election day to close out a losing week.
» Read more about: Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink »
If you’re hunting for EV stocks, this one is my favorite.
Electric vehicle (EV) stocks used to be market darlings. In 2021, several major EV makers went public. The valuations then were dazzling.
A lot has changed since 2021. Valuations have come crashing down to Earth. So if you’ve been looking to add significant growth potential to your portfolio,
» Read more about: My Favorite Electric Vehicle (EV) Stock to Buy Before Nov. 30 »
Financial advisor and research analyst from Southern California. Follow me @ https://linktr.ee/realjbowman “History does not repeat,
» Read more about: These 16 Charts Give Me Hope For The U.S. Economy »
Rivian’s third quarter failed to inspire investor confidence, but this newer part of Rivian is thriving right now.
Rivian Automotive (RIVN -2.42%) just reported mixed third-quarter results featuring a wider-than-expected loss and a production and supplier snag, but reaffirmed full-year guidance for production,
Your employer’s matching contributions don’t count toward your contribution limit if you participate in a 401(k) plan. The Internal Revenue Service (IRS) does limit the contributions from you and your employer, however.
» Read more about: Does an Employer Match Count Toward Your 401(k) Contribution Limit? »
Donald Trump’s planned trade tariffs on goods from China and the rest of the globe risk “dividing the world”, Xi Jinping has warned.
The Chinese president said measures to curb trade would be like “going back in history” as the country braces for higher US tariffs ahead of the American president-elect taking office.
» Read more about: Trump tariffs risk ‘dividing world’, says Xi Jinping »
NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.
The S&P 500 dropped 1.3% for its worst day since before Election Day to close out a losing week.
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,
» Read more about: The top 10 family offices for startup investments »
A recent study by NTT DATA reveals that Indian organisations are planning to increase investments in generative artificial intelligence (GenAI).
This shift marks a transition from initial experimentation to a focus on long-term use cases aimed at enhancing business performance, compliance and safety. Globally, 99% of organisations surveyed indicated similar plans to boost GenAI investments,
» Read more about: All Indian firms plan to boost investments in Gen AI: NTT study »
Sen. Bernie Sanders, I-Vt., said he is looking forward to working with the Trump Administration and hopes that President-elect Donald Trump sticks to his promise surrounding the cap on interest rates.
“I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%,”