Federal Reserve leaves interest rates unchanged as Powell's chairmanship nears end
The Federal Reserve on Wednesday announced it will leave interest rates unchanged amid concerns about inflation rising further amid the war in Iran.
Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank’s decision to hold rates steady in January and March after three successive 25-basis-point rate cuts in September,
Read MoreFederal Reserve met and kept its key interest rate unchanged: What it means for your money
The Federal Reserve met Wednesday and held rates at the same level for the third straight meeting. So what does that mean for your wallet?
Your savings: Slow growth, but there’s a workaround
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If your money is sitting in a traditional checking or
savings account,
Why Silicon Motion Technology Stock Is Skyrocketing Today
Silicon Motion Technology (NASDAQ: SIMO) stock is posting monster gains in Wednesday’s trading. The company’s share price was up 30.6% as of 12:45 p.m. ET and had been up as much as 40.6% earlier in the session.
Silicon Motion published its first-quarter results before the market opened this morning and reported results that crushed the market’s expectations.
» Read more about: Why Silicon Motion Technology Stock Is Skyrocketing Today »
Read MoreS&P 500 Forecast: Bulls Defend 7,100 as AI Earnings Face Their Show-Me Moment
U.S. housing starts chart showing April 2026 actual above forecast
Source: TradingView
AI Earnings Take the Wheel
Now comes the real test.
Microsoft, Alphabet, Amazon, and Meta report after the close, with Apple due Thursday. These stocks are not just market leaders. They are the market’s weight room.
» Read more about: S&P 500 Forecast: Bulls Defend 7,100 as AI Earnings Face Their Show-Me Moment »
Read MoreXRP ETFs End 3-Week Green Run as Weekly Flows Turn Negative
XRP spot exchange-traded funds (ETFs) recorded a net outflow last week, ending three consecutive weeks of inflows and signaling a cooling institutional appetite for the asset.
At the same time, liquidity conditions on Binance have weakened. The exchange’s 30-day XRP liquidity index dropped to its lowest level in five years.
» Read more about: XRP ETFs End 3-Week Green Run as Weekly Flows Turn Negative »
Read MoreThe Burst
Time to Buy Black Gold?
In spite of recent volatility, energy stocks have historically provided strong returns during periods of crude oil price recovery. With crude oil prices nearing the lower end of their range and a bullish shift in fundamentals, is now the time to begin long positions in the energy sector?
Crude oil is approaching the $70 per barrel mark,
» Read more about: Time to Buy Black Gold? »
Read MoreThe Ivy
Why Did Billionaire with Perfect Track Record Buy This Stock?
ZoomInfo Technologies Inc. (NASDAQ: ZI) might have won over legendary investor Stan Druckenmiller but the market hasn’t been so kind, punishing the stock to the tune of 37% year-to-date.
When management unveiled earnings last quarter, $303.6 million in top line sales failed to ignite enthusiasm given that it represented a 3.3% year-over-year decline.
» Read more about: Why Did Billionaire with Perfect Track Record Buy This Stock? »
Read MoreThe Spotlight
Is Beyond Meat Toast?
There is no doubt that Beyond Meat has made a big splash in the food industry since it was founded in 2009. But with recent press releases suggesting that Beyond Meat may face financial difficulties, some people wonder if the company is destined to fail.
Beyond Meat produces plant-based meat products that are designed to taste and look like real meat.