As concerns mount over Canadian trade war, Maine officials look to maintain neighborly ties
As Maine industries face an uncertain future amid the Trump administration’s trade war with Canada, state officials aim to coordinate with their Canadian counterparts to de-escalate the situation.
Members of the Maine-Canadian Legislative Advisory Commission met Wednesday to discuss the latest developments in the trade war, and what they can do to support Maine businesses.
If the Stock Market Crashes, History Says This 1 Investing Move Has Never Once Failed
It’s been a tumultuous couple of weeks for the stock market.
AI doomsday fears sent tech stocks tumbling amid renewed concerns around a bubble. Oil prices continue to drive up inflation. And, most recently, the 10-Year Treasury yield reached its highest level since 2007, triggering new recession worries.
The S&P 500 (^GSPC -0.45%),
Read MoreFederal Reserve has raised interest rates: Here’s what it means for you
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve has raised the cost of money — bad news for borrowers, good news for savers.
The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023.
» Read more about: Federal Reserve has raised interest rates: Here’s what it means for you »
Read MoreThe Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 years
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 to quell stubbornly high inflation, a move that could prompt a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time,
Read More17 Words From Warren Buffett About Bear Markets That Could Transform Your Portfolio
Key Points
-
Two of Buffett’s longstanding investing themes are to stay invested in stocks over the long term and look for good deals.
-
Doing so will help you tap into the market’s eventual rebound once the bear market passes.
-
One of the best ways to put his advice into practice is to own the Vanguard S&P 500 ETF and contribute to it regularly,
The Burst
Billionaire Bought This Under-the-Radar Chip Stock
At one time, Al Gore’s fund, Generation Investment Management, had so much conviction in Qualcomm that they bet around half a billion dollars on it.
Today, another huge investment fund founded by billionaire David Tepper has a stake in the chipmaker. What is it that these money managers see in the San Diego-headquartered firm to persuade them to risk hundreds of millions of dollars?
» Read more about: Billionaire Bought This Under-the-Radar Chip Stock »
Read MoreThe Ivy
Massive Buy Sign Flashing In Magnificent 7 Stock
If one trader with an awesome track record is right, a Magnificent 7 stock is about to start a rip roaring rally that will last for some time.
Remarkably, it’s also been one of the poorest performers this year, down 4% so far against a market rally in the S&P 5oo of 20%.
» Read more about: Massive Buy Sign Flashing In Magnificent 7 Stock »
Read MoreThe Spotlight
Is it Finally Time to Buy UBER?
Is it time to buy UBER stock? Uber Technologies (NYSE:UBER) seems to be on a roll. Despite the disruption the emergence of the COVID-19 caused in the transportation marketplace, UBER seems to be snapping back. During the company’s most recent quarterly earnings call, CEO Dara Khosrowshah stated that the company had achieved total adjusted EBITDA profitability for the second quarter in a row –