Top Federal Reserve official defends central bank’s independence in wake of Trump win
WASHINGTON (AP) — A Federal Reserve official gave a lengthy defense of the central bank’s political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election.
“It has been widely recognized — and is a finding of economic research — that central bank independence is fundamental to achieving good policy and good economic outcomes,” Adriana Kugler,
Read More2 High-Yield Midstream Stocks to Buy Hand Over Fist and 1 to Avoid
Kinder Morgan has let investors down multiple times, but these two high-yield alternatives have been reliable through thick and thin.
If you are looking for a high-yield investment in the energy sector, a great place to start is with midstream stocks. The midstream is filled with toll-taker companies that have reliable cash flows supporting their dividends.
» Read more about: 2 High-Yield Midstream Stocks to Buy Hand Over Fist and 1 to Avoid »
Read MoreWhat to invest in now, according to the UK’s best wealth managers
Prabhu recommends reassessing cash holdings. ‘Cash has a role in helping individuals and families have access to funds for emergencies or earmarked purchases. However, interest rates are already lower than they were a few months ago and are likely to decrease further, as global monetary easing is expected to continue into next year.
» Read more about: What to invest in now, according to the UK’s best wealth managers »
Read MoreBloom Energy stock soars on American Electric Power deal
Bloom Energy (BE) stock rallied Friday afternoon after the company announced a new deal with American Electric Power (AEP). Under the agreement, AEP will use Bloom’s fuel cell technology to provide power solutions for artificial intelligence data centers.
Market Domination Hosts Julie Hyman and Josh Lipton break down the details.
» Read more about: Bloom Energy stock soars on American Electric Power deal »
Read MoreThe Burst
Market Commentary: $25 Billion Stock On Sale 90% Lower?
One of Warren Buffett’s old favorites, Brazil’s StoneCo, has emerged with a strategy that may create a U-turn in it share price. What was once a $25 billion company has crashed to just $3 billion and change in market capitalization.
Yet StoneCo hasn’t been knocked out for the count yet. It surprised investors with an announcement that signaled it was bullish on its own company via a R$300 million (approximately $58.2 million) share repurchase program.
» Read more about: Market Commentary: $25 Billion Stock On Sale 90% Lower? »
Read MoreThe Ivy
1 Tool That Forecasts Recession Has Perfect Record
Oh gee, not only do bulls have to worry about how the CAPE index has risen above 30, historically a signal of an impending market correction. And not only do they have to be skittish about Nvidia hitting a $2 trillion market capitalization, leaving Meta and other Magnificent 7 stocks in the dust on valuation,
» Read more about: 1 Tool That Forecasts Recession Has Perfect Record »
Read MoreThe Spotlight
1 Weird Buffett Stock You Won’t Want To Miss
So far this year, Warren Buffett has made massive energy bets, including his continued investment in Occidental Petroleum (OXY). The billionaire’s relationship with this once-troubled energy company began in 2019 and now looks like a long-term play.
What was once an opportunistic buy has turned into a significant partnership.
» Read more about: 1 Weird Buffett Stock You Won’t Want To Miss »