WASHINGTON (AP) — Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged.
According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump’s proposed tariffs and mass deportations of migrants,
By Michael Erman, Patrick Wingrove and Marisa Taylor
(Reuters) – Elon Musk’s DOGE team has slashed hundreds of jobs paid for by fees from banks,
» Read more about: Trump is firing federal workers who are not funded by taxpayers »
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on February 21, 2025
Announcements | Market Trends
Household debt increased by $93 million,
» Read more about: Federal Reserve: Auto loan balances increase by $11 billion in Q4 »
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Valuations are still so rich on the “Magnificent Seven”
Artificial intelligence (AI) technology giant Nvidia (NVDA 0.63%) is slated to report its results for the fourth quarter of fiscal 2025 (ended Jan. 26) on Wednesday, Feb. 26, after the market close.
Nvidia’s upcoming earnings release is probably the most anticipated of this quarterly earnings season.
In January, a federal judge in Texas ruled that American Airlines violated its ERISA duties by not focusing “on the best financial benefit” for its 401(k) plan, in the biggest victory yet in a case involving environment, social and governance (ESG) investing. This was quickly followed by a letter sent by a coalition of 22 Republican state finance officials to the acting heads of the Securities and Exchange Commission and the Department of Labor,
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Ethanol production, stocks above a week ago
U.S. ethanol production improved slightly last week and stocks grew.
The U.S. Energy Information Administration says production averaged 1.084 million barrels per day, up 2,000 on the week and unchanged on the year.
Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant are in negative territory,
» Read more about: Ethanol production, stocks above a week ago »
The price of gold is closing in on an unprecedented $3,000 per ounce, as geopolitical upheaval and fears of a full-blow global trade war continue to strengthen demand for the safe haven investment.
Gold was on track for an eighth consecutive week of gains on Friday, despite weakness in early trading, as investors continue to dismiss US dollar strength and the continued outperformance of the world’s largest economy.
» Read more about: Gold inches towards $3,000 – but is a correction on its way? »
Collectively, Wall Street analysts have issued more than 12,000 individual ratings on stocks in the S&P 500. By aggregating the median fair value estimates on every company, FactSet Research builds what is known as a “bottom-up” target price for the entire index.
Currently, that methodology gives the S&P 500 a one-year target of 6,920,
NEW YORK (AP) — A sharp slide for Walmart on Thursday helped pull Wall Street off of its record.
The S&P 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days.