Federal Reserve keeps interest rates unchanged even as Trump insists they be lowered
The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.
Chair Jerome Powell said at a news conference that the economy’s outlook “has clearly improved since the last meeting” in December, a development that should boost hiring over time.
Read MoreHere's How Much Traders Expect Tesla Stock to Move After Earnings
Key Takeaways
- Tesla is slated to post its fourth-quarter results after the closing bell today, with revenue and profits expected to decline year-over-year.
- Options pricing suggests traders expect Tesla’s stock could move about 5% in either direction by the end of the week.
Tesla is set to report its latest financial results after the market closes today,
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Read MoreEarnings live: IBM stock surges, Whirlpool slides; Meta, Microsoft, Tesla report beats across the board
Tesla annual profit plunges to lowest level since pandemic
By BERNARD CONDON
NEW YORK (AP) — Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.
The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.8 billion.
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Read MoreCould a bubble be about to burst? What to know as gold and silver prices surge
Gold and silver have notched a string of fresh record highs in recent sessions as global uncertainty drivers investors towards safe havens.
Local gold and silver prices are currently around $7,610 and $166 an ounce respectively — a far cry from the $5,100 and $58 they were priced at six months ago.
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Read MoreThe Burst
A Flying Bet on the Future of Urban Mobility
Instead of building Jetsons-style flying cars, Archer is focused on eVTOLs, electric vertical take-off and landing aircraft.
These battery-powered machines seat four passengers, can travel at speeds up to 150 miles per hour, and are designed to fly with less noise and turbulence than a traditional helicopter.
While they won’t end traffic jams on the ground,
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Read MoreThe Ivy
Why This Billionaire Is Buying Google In Spades
In the second quarter, Bill Ackman’s Pershing Square Capital added another 900,000+ shares of Alphabet Class A (NASDAQ: GOOGL).
Combined with its Class C (NASDAQ: GOOG) shares, Alphabet now makes up about 21% of Pershing Square’s portfolio, one of the fund’s biggest bets.
So what makes Alphabet such a perfect Ackman stock,
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Read MoreThe Spotlight
Will This AI Goliath Hit $4 Trillion by 2027?
While no company has reached that towering $4 trillion milestone yet, Microsoft, Apple, and Nvidia are all within striking distance.
It’s not inconceivable that any one of them could be first past the post but if you’re asking who not only gets there, but stays there, the strongest case can be made for Microsoft.
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