WASHINGTON, D.C. — The US economy contracted more than previously estimated in the first three months this year, according to government data released on Thursday, with consumer spending and exports weaker than expected.
US gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter,
By CHRISTOPHER RUGABER, Associated Press
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House.
» Read more about: Federal Reserve’s Bowman says rate cut should be on table in July »
The recent market rebound feels more like a shaky truce than a confident comeback. Sure, stocks have climbed back from bear territory since April, but between persistent inflation and rising geopolitical tensions (hello, Middle East), the whole thing still feels like a house of cards.
So what do you do if you’re worried the next leg down is coming?
» Read more about: Is Coca-Cola The #1 Stock During the Next Market Meltdown? »
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Sean Daly writes on ETFs, biotech and FINTECH solutions in the banking space. He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 2005 to 2009.
The reasons to invest are straightforward: Grow your wealth over time,
» Read more about: 5 creative ways to start investing when you have little money to invest »
Out of all of the special options we uncovered, 4 are puts, for a total amount of $677,770, and 19 are calls, for a total amount of $2,030,612. Based on the trading activity, it appears that the …
» Read more about: What the Options Market Tells Us About ServiceNow »
Investing
When it comes to investing, you may need to accept more risk to get more reward.
While both TQQQ and VOO carry risk,
» Read more about: TQQQ vs. VOO: 2x Tech Leverage or S&P 500 Simplicity — What Should You Own »
The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.
The S&P 500 climbed 0.3%, clocking in for the first time ever at 6,156.
» Read more about: S&P 500 hits record high as stock market surges »
The gains on Friday were broad, with nearly every sector within the S&P 500 rising. Nike soared 15.5% for the biggest gain on the market, despite warning of a steep hit from tariffs.
The broader market has seemingly shaken off fears about the Israel-Iran war disrupting the global supply of crude oil and sending prices higher.
» Read more about: Stocks gain ground and put S&P 500 and Nasdaq on a path for all-time highs »
The S&P 500 and Nasdaq Composite hit all-time highs on Friday as megacap stocks surged on renewed AI enthusiasm and the prospect of a looser monetary policy, powering a recovery in U.S. stocks from months-long rout.
The benchmark index .SPX rose 0.2% to 6,154.81 points, surpassing the previous peak of 6,147.43 on February 19,
» Read more about: S&P 500, Nasdaq hit record highs on renewed AI enthusiasm, rate-cut hope »