Don’t count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
WASHINGTON (AP) — President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans, or business loans just yet.
The odds of Kevin Warsh becoming chair by the time Jerome Powell’s term ends May 15 shot higher Friday when U.S.
Read MoreWant Safe Income While the Market Wobbles? Buy This Dividend Stock With $5,000.
Amid geopolitical turmoil and struggles with affordability, some investors may be looking to de-emphasize growth in favor of stable dividend stocks. This may make sense as such stocks tend to sell recession-resistant products, and the responsibility of maintaining a dividend tends to engender more conservative management.
Such conditions describe the stock of TJX Companies (TJX 0.83%).
» Read more about: Want Safe Income While the Market Wobbles? Buy This Dividend Stock With $5,000. »
Read MoreSpot Bitcoin ETFs see 9-day inflow streak as investors show resilience
US spot Bitcoin exchange-traded funds (ETFs) have extended their inflow momentum through late April, notching a nine-day streak amid growing investor conviction.
During the period, which spanned April 14 and April 24, total net inflows reached roughly $2.12 billion, with the strongest single-day performance on April 17, when funds attracted $663.91 million.
» Read more about: Spot Bitcoin ETFs see 9-day inflow streak as investors show resilience »
Read MoreIs 62 the Right Age to Claim Social Security? Here's What the Data Says.
There are a handful of important decisions someone must make leading up to retirement, but one of the more important ones is when to claim Social Security. Your claiming age will permanently affect how much you receive in benefits, so the decision isn’t one to gloss over.
You can begin claiming benefits at age 62,
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Read MoreMajor Indices Retreat as Markets Brace for Big Tech Earnings and Federal Reserve Announcement
Key Highlights
- Major U.S. stock indices retreated Wednesday ahead of pivotal market events
- Tech behemoths Alphabet, Meta, Microsoft, and Amazon scheduled to release quarterly results after market close
- Federal Reserve Chairman Jerome Powell set to address markets at 2:30 p.m.
The Burst
Market Commentary: 3 Cathie Wood’s Stocks Are Soaring Again
It’s been a while but eventually the wheel has come full circle for Cathie Wood, it seems. From the dizzying heights of 2021 to the crushing lows of 2022, Wood and her ARK Invest fund have enjoyed the highest highs and suffered the lowest lows.
Over the past couple of weeks, sentiment has swung back in her favor and some of her stocks have been on an absolute tear,
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Read MoreThe Ivy
Is This Buffett Stock Doomed?
With over 33 million subscribers as of 2024, Sirius XM seems like a company that has scaled and locked in a wide moat, but is there more to this Buffett stock than meets the eye.
After all, Buffett may be famous for making billions but he’s not immune to picking poor stocks from time to time.
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