The US economy expanded at the fastest pace in two years as wealthier Americans kept spending
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.
An acceleration in consumer spending,
Read MoreA divided Federal Reserve cuts interest rates for a 3rd straight time
Federal Reserve Chair Jerome Powell and his colleagues cut the Fed’s benchmark interest rate by another quarter percentage point Wednesday.
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The Federal Reserve lowered its benchmark interest rate by a quarter percentage point Wednesday,
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Read MoreWill Tesla Stock Lose Its ‘Elon Musk Premium’ After the SpaceX IPO? And You Should Sell TSLA Here?
Tesla (TSLA) stock has long carried what many investors describe as an “Elon Musk premium”—a valuation uplift driven not just by vehicle sales or margins, but by faith in Musk’s broader vision of artificial intelligence, autonomy, robotics, and technological disruption. For years, buying TSLA has effectively been the only public-market way to gain exposure to Musk’s ambitions,
Is Tesla Stock a Buy Before 2026?
Key Points
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Major progress with full self-driving technology and Optimus robots can completely change the picture.
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The current P/E ratio underscores just how bullish market participants have become toward this business.
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Read MoreTesla: The Race Between Megablock Scaling And Automotive Margin Compression
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A trader, researcher, and analyst possessing experience spanning years in the domains of US stocks,
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Read MoreThe Burst
Why the Swoosh Might Be Turning the Corner Fast
Analysts had written off Nike heading into its latest earnings report. The previous quarter was a mess, sales fell 10%, inventories piled up, and the brand that once defined performance and style looked a little out of step with both.
Yet this quarter, Nike did something investors didn’t expect by starting to look like Nike again.
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Read MoreThe Ivy
Will Prediction Markets Disrupt DraftKings?
DraftKings and FanDuel have long dominated U.S. online sports betting, thanks to their early entry via daily fantasy sports.
That first-mover advantage, combined with cutting-edge technology and deep brand recognition, let both companies capture the lion’s share of the market as sports betting rolled out state by state.
But a new kind of competitor is emerging that could rewrite the rules of online wagering.
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Read MoreThe Spotlight
Why This Schwab ETF Is a Favorite Among Retirees
For retirees or anyone focused more on stability than swing-for-the-fences growth, the S&P 500 isn’t always the most comforting choice. It’s heavily weighted toward large-cap tech names, and when those names fall out of favor, the whole index can wobble.
That’s why many investors approaching retirement gravitate toward dividend-focused funds. And one ETF in particular has emerged as a go-to is the Schwab U.S.
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