Leading central banks play for time on interest rate rises
The world’s leading central banks are widely expected to hold off on inflation-fighting interest rate rises this week as Donald Trump’s social media posts help drive convulsions in energy markets that are clouding policymakers’ ability to forecast price growth.
The US Federal Reserve, European Central Bank, Bank of Japan,
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Read MoreHere's How You Can Work While Collecting Social Security Without Losing Benefits
Some people assume that once they start collecting Social Security, their days of earning money must come to an end. But you’re allowed to continue working while receiving Social Security benefits, or go back to work if you stopped for a while.
That said, there are rules that apply in these scenarios.
Read MoreJustice Department drops Federal Reserve probe, kicks to watchdog
(The Center Square) – U.S. Attorney for D.C. Jeanine Pirro said Friday she is closing the Justice Department’s criminal investigation into Federal Reserve Chair Jerome Powell, days after a key hearing for his replacement.
Pirro said she is referring the matter to the Fed’s own inspector general, the same watchdog Powell had formally asked to review the project months before federal subpoenas were issued.
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Read MoreAfter the S&P 500's Historic Comeback, Should You Wait to Buy Stocks? History Offers a Clear Answer
After a war-driven sell-off sent the S&P 500 (^GSPC +0.80%) cratering nearly 10% in March, the index has come roaring back in April. The rally has been driven by the usual suspects: Semiconductor and other artificial intelligence stocks more prevalent in the Nasdaq Composite (^IXIC +1.63%),
Read MoreNasdaq Index and S&P500: Tech Stocks Rebound as US Stocks Battle Oil and Rate Uncertainty
A trade through 24889.37 will signal a resumption of the uptrend. There are no upside targets but we will be monitoring for any signs of selling pressure like a daily closing price reversal top.
The index broke a short-term pivot at 24544.19 earlier in the session, but the follow-through move was weak with the market stopping at 24491.83 before rebounding to 24762.20.
Read MoreThe Burst
Market Commentary: Major Market Warning Signal Fired
Within the last two weeks, a warning shot was fired by one of the market’s leaders. All of a sudden, Apple broke from the pack, and fell post-earnings.
Word seemed to get out that the stock wouldn’t rally on earnings because it broke a major technical support level by the close of day,
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Read MoreThe Ivy
Is Last Friday’s 10.99% Gain Just The Start?
A few weeks ago we wrote an article titled Is This Space Stock Set To Blast Off, which featured Planet Labs. Fast forward to last Thursday’s earnings report, and Friday’s trading action, which resulted in a 10.99% one-day gain and it seems fair to say Planet may be on the cusp of escaping gravity soon.
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