Trump plays down bond market fears, pushes interest rate cuts
President Trump downplayed concerns around the bond market and called for lower interest rates during a meeting with cryptocurrency executives at the White House on Wednesday.
“No, I don’t think so,” Trump told reporters, in response to a question about whether Americans should be concerned about volatility in the bond market.
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Read MoreTrump complains interest rates are ‘artificially high’
Interest rates on long-term Treasury debt have risen steadily for weeks to multiyear highs, lifting mortgage rates and other borrowing costs. The Treasury Department announced steps Wednesday to push rates lower.
Interest rates on long-term Treasury debt have risen steadily for weeks to multiyear highs,
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Read MoreAt 88, He Still Climbs Ladders at His Shoe Store. His Age Ended the Earnings Test, but Not the Social Security Tax.
© michael_richardson / Flickr
Picture an 88-year-old who still opens his shoe store six mornings a week, kneels to fit a customer’s grandson, then climbs a ladder to grab a size 11 from the top shelf. He drew his first Social Security check more than 20 years ago.
An alarmed bond market gets the Trump administration to act again
By STAN CHOE and CHRISTOPHER RUGABER, AP Business Writers
NEW YORK (AP) — Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders.
After the bond market’s alarm bells rose in volume through the summer,
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Read MoreInvestors Pour $56B Into ETFs as Gold and Bitcoin Roar Back
Investors poured more than $56 billion into US-listed ETFs during the week ending Aug. 21, lifting year-to-date inflows past $1.3 trillion.
US equity ETFs took in about half the total at $25 billion. US fixed income added $12.5 billion,
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Read MoreThe Burst
Extraordinary Buying Opportunity in Market Leader
Happy July 4th to our American readers.
PayPal has faced its fair share of difficulties but with the S&P 500 setting new all-time highs, this beaten down market leader may be on the cusp of returning to former glories.
While PayPal rode the wave of an upsurge during the pandemic lockdowns that drove contactless ordering,
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Read MoreThe Ivy
Up 10x Is Palantir Still a Deal?
Palantir Technologies (NASDAQ:PLTR) has been one of the undisputed victors in the AI boom and has defined the stock market for the past two years.
In the last 12 months alone, PLTR shares are up more than 350% on the back of rapid growth in the commercial business and tremendous investor enthusiasm for AI applications in the corporate world.
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Read MoreThe Spotlight
Why You MUST Own Blue-Chip Stocks
Some of the most tried and true investing strategies can make buying stocks less risky over time. Among the best strategies is blue chip investing: buying stocks of well-known companies with solid financial track records.
These stocks have several competitive advantages. While they are not immune to market downturns,