Fed Chair Jerome Powell and the FOMC Just Updated Their Interest Rate Outlook — and It's Terrible News for Wall Street
April 29 was, arguably, the most important day of the second quarter for Wall Street — and I’m not talking about the four members of the “Magnificent Seven” that reported their operating results on that date. It marked the final Federal Open Market Committee (FOMC) meeting with Jerome Powell as Fed chair.
May 15 represents the end of Powell’s second term as Fed chair,
Read MoreSavings Rates Drop Even Without Fed Cuts – Where Retirees Can Get The Best Returns Now
Savings rates play a key role in retirees’ financial fitness, and the talk around the Fed potentially dropping the benchmark interest rates have prompted many retirees to assume savings rates would drop at that point, too. On Wednesday, the Fed held the benchmark rate steady between 3.50% and 3.75%, though further rate cuts might come in the future.
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Read MorePawn shops across America reveal the true state of the US economy — and it’s as dire as you think. Is Trump’s hot stock market detached from reality?
A woman looks into a pawnbroker shop window that is filled with watches and jewelry on a city street.
Whether it’s a wedding ring traded in for a short-term loan or a family heirloom exchanged to cover a utility bill, more Americans are turning personal belongings into quick cash.
Read MoreStock Market Investors Just Got an Urgent Warning From Fed Chair Jerome Powell
The S&P 500 (^GSPC +0.29%) staged a remarkable recovery in recent weeks. After trading 9% below its peak in late March, the index has already recouped its losses and returned to record highs, reflecting expectations that the U.S. will soon reach a resolution with Iran.
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Read MoreThe Burst
Palantir Just Posted Blowout Earnings, So Why Did the Stock Tank?
On the surface, Palantir Technologies (NYSE: PLTR) is firing on all cylinders. Revenue is accelerating. Margins are expanding. The company just posted its sixth consecutive quarter of profitability, a first in its history. And yet, within hours of reporting one of its strongest earnings beats to date, the stock cratered by double digits.
So what gives?
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Read MoreThe Ivy
Birkenstock Is Bouncing, Should Long-Term Investors Stay the Course?
Birkenstock sandals may be designed for comfort, but since going public, Birkenstock stock (NYSE: BIRK) has delivered more of a roller coaster than a relaxing stroll.
Over the past 12 months, shares have swung from gains in the mid-teens to losses twice that size, and as of today, they’re sitting roughly 8% in the red.
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Read MoreThe Spotlight
Will This AI Stock Be the Ultimate Comeback Story?
SportRadar first came to the attention of most investors when the firm debuted on the public markets amid much fanfare a few years ago.
Then the hype surrounding the company was rooted in SportRadar’s role as a leader in sports data intelligence, which is key to the sports betting industry.
The company had formed a series of partnerships with major sports leagues and provided data to sportsbooks.
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