Interest rates are inching closer to the danger zone for stocks, Jeremy Siegel warns.
The top economist and Wharton professor of finance said that in the bond yields are near levels that have historically posed challenges for equities. He pointed to the 10-year inflation-adjusted Treasury yield, which ticked up to 2.43% at the end of July,
Oil-driven inflation fears may push central banks to tighten policy, but that is unlikely to deter the AI investment boom driving much of today’s growth, analysts said.
The US Federal Reserve, the Bank of Japan, and the Bank of England are all expected to hold interest rates steady this week,
» Read more about: Central banks expected to hold rates steady »
Lawmakers on Capitol Hill are working on passing a new bipartisan bill, the Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act, which would help extend Social Security’s funding past 2032. The issue? Experts are warning that passing a bill this early could end up harming the program instead of helping it.
» Read more about: New Congress Social Security Bill Aims to Stop a 22% Benefit Cut »
July CPI-W data releases Aug. 12 and offers the first clue for the 2027 COLA, but August and September readings also shape the final number.
The 2026 Medicare Part B premium rose $17.90 per month, directly offsetting much of the 2.8% COLA retirees received.
Wall Street woke up in a good mood on Monday. Oil prices were tumbling on news of a U.S.-Iran ceasefire, and all three major indexes opened solidly higher. By midday, that optimism had largely evaporated.
The Dow Jones Industrial Average (^DJI +0.29%) was clinging to a 0.2% gain at 12:06 p.m.
» Read more about: Dow Jones Holds Gains While S&P 500 Turns Negative on Semiconductor Weakness »
Who doesn’t love a stock split? Energy drink powerhouse Monster Beverage (MNST +1.93%) recently announced a 2-for-1 stock split, the company’s sixth since 2005. Shareholders as of July 24 after the market’s close will receive a 100% stock dividend after the market closes on Aug.
Warren Buffett’s successor, Greg Abel, just completed his first acquisition as Berkshire Hathaway’s CEO. It’s the latest sign that he’s ready and willing to build on what Buffett built.
In a Friday press release, Berkshire said it has officially taken over Taylor Morrison for $8.5 billion in cash,
» Read more about: Greg Abel is starting to make his mark as Warren Buffett's successor »
Tesla (NASDAQ: TSLA) reported earnings last week, and the stock has been in sell-off mode since. The numbers clearly didn’t impress investors, sending the stock, which was already struggling heading into the earnings release, into a tailspin. As of Monday, the stock was down more than 31% year to date, and it’s in danger of hitting a new 52-week low.
» Read more about: Should You Buy Tesla Stock After Its Post-Earnings Dip? »
By Johann M Cherian and Ragini Mathur
July 27 (Reuters) – Wall Street’s main indexes were mixed on Monday as investors remained wary of volatility in the Middle East despite a U.S.-Iran de-escalation, while awaiting guidance from major technology companies in what could prove to be a “make-or-break” week.
Four of Wall Street’s “Magnificent Seven”
» Read more about: Nasdaq, S&P 500 edge lower as tech stocks drop; focus on Mideast conflict »
Last week, Jim Cramer told tech investors something most of them did not want to hear.
If they were still holding a portfolio stuffed with AI and chip stocks, he said, they were about to get hurt, and hurt badly.
His exact word was “slaughtered.”
» Read more about: Jim Cramer has terrifying one-word message for tech stock investors »