What the Supreme Court's ruling in the Cook case means for Federal Reserve independence
WASHINGTON — The Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics. But the court didn’t define to what extent.
The case is the latest round in an unprecedented fight between the Fed and President Donald Trump.
Read MoreNew Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought.
In remarks at a central bank conference in Sintra,
Read MoreEnergy Stocks Comprise 17% of This Top Dividend ETF. Here's Why.
Investors evaluating passive exchange-traded funds (ETFs) can save themselves from headaches and negative surprises by taking just a few minutes to understand how an ETF’s underlying index works.
That’s especially true with dividend ETFs, including the Schwab U.S. Dividend Equity ETF (SCHD +0.58%).
» Read more about: Energy Stocks Comprise 17% of This Top Dividend ETF. Here's Why. »
Read MoreTech stocks today: Meta stock jumps on cloud computing plans to rival Amazon, Microsoft
Tech stocks were down Wednesday morning after wrapping up their best first half of the year since 2023.
The artificial intelligence boom and infrastructure build-out powered many of the gains, with semiconductor and memory stocks leading the sector, while the “Magnificent Seven” stalwarts dragged amid concerns about heavy spending on the technology.
Read MoreStock futures are little changed after Dow tops 53,000 for first time: Live updates
SpaceX slips ahead of Nasdaq-100 inclusion
SpaceX shares slid around 1% in extended trading on Monday ahead of the stock’s entrance into the Nasdaq-100.
The Burst
Sentiment Extreme Warns Traders To Watch Out
Largely, trading falls into one of 3 buckets. Fundamental, technical or sentiment analysis. For the most part, we focus on valuations as part of fundamental analysis and charts as part of technical analysis but sentiment analysis has a time and place, and they appear to be right here, right now.
Tom McClellan, famous for creating the McClellan Oscillator pointed out a remarkable statistic that hasn’t surfaced in over 5 years.
» Read more about: Sentiment Extreme Warns Traders To Watch Out »
Read MoreThe Ivy
Paul Tudor Jones Is Betting Big Against the Bond Market: How You Can Too.
Stan Druckenmiller and Paul Tudor Jones, both among the most successful traders ever, are now on the same side of a trade: shorting long-duration bonds.
This move is more than just a hedge but rather it’s a bet that interest rates are headed higher, and when these legendary traders make such strong statements,
» Read more about: Paul Tudor Jones Is Betting Big Against the Bond Market: How You Can Too. »
Read MoreThe Spotlight
1 Surefire Stock That Could 2x Your Money
Despite the firm’s revenue and profit numbers being in line with Wall Street estimates, the FinTech stock underwent a sharp decline. Pre-market trading saw the business lose 8% of its value overnight,
» Read more about: 1 Surefire Stock That Could 2x Your Money »