Federal Reserve official says fighting inflation likely to be ‘painful’
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — A top Federal Reserve official said Monday that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.
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Read MoreWall Street is growing skeptical of the data center boom
The backlash against data centers that is shaping elections and kitchen table debates across the country is now spilling onto Wall Street.
Companies that house the data centers or supply them with energy and land for construction were expected to dominate the initial public offering market over the coming months, feeding investors’ seemingly insatiable appetite for everything related to artificial intelligence.
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Read MoreNASDAQ 100 Jumps Nearly 2% as Tech Stocks Lead Wall Street Rally
Lower crude prices provided additional support to US equities. West Texas Intermediate crude fell more than 4% to USD 95.90 a barrel, easing some concerns around inflation.
The US 10-year Treasury yield also moved lower, offering relief to technology and other growth stocks that remain sensitive to borrowing costs.
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Read More[Episode 42] I've listed 4 reasons why I, who used to say 'Investing is great!', am now keeping quiet.
Good evening.
I’m Choco, a 57-year-old casual investor.
Wow, it has suddenly become cool, hasn’t it?
This is the most comfortable season of the year.
Is everyone enjoying Silver Week?
I’m working, though…😭
Well, today I’m going to write about ‘talking to people about investing’.
Read MoreMost Americans Still Get This Social Security Rule Wrong
Many Americans still think 65 is Social Security’s full retirement age. Here’s how the mistake can reduce your check and what to review before filing.
Age 65 has been tied to retirement for so long that it is easy to assume it is also when you qualify for your full Social Security benefit.
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Read MoreThe Burst
Alphabet’s $32 Billion Bet: Smart Move or Costly Mistake?
Alphabet tripled its price per share over the past 5 years thanks to Google Search, which has the largest share of the search engine market, Android the largest mobile operating system in the world and YouTube the dominant video-sharing platform.
But now it sits at a crossroads, and the question for investors is has the time come to sell the Search giant?
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Read MoreThe Ivy
Mastercard Might Be the Most Underrated $500 Billion Juggernaut in the Market
It’s not every day you find a company bigger than Bank of America, American Express, and Goldman Sachs combined. Yet sitting near the top of the S&P 500 leaderboard is Mastercard (NYSE: MA), a payments powerhouse with a market cap hovering around half a trillion dollars.
In fact, Mastercard’s valuation puts it ahead of household names in finance and on par with tech icons,
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Read MoreThe Spotlight
Is This Beverage Titan Paying 6.17% at Rock Bottom?
Ambev is a monster $32.9 billion company with an extensive portfolio of beer, soft drinks, and beverages. Although it has a significant market presence in Latin America, particularly in Brazil, Argentina, and Mexico, it may be best known for operating as part of Anheuser-Busch InBev, the world’s largest brewer.
The company owns some of the most recognizable beer brands in the world,
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