US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong.
The Commerce Department reported Wednesday that growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.1% pace from January through March.
Read MoreDow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks subdued as Nvidia results, inflation take center stage
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Core PCE inflation takes centre stage
The Personal Consumption Expenditures report, the Federal Reserve’s preferred inflation gauge, is due alongside a second estimate of US economic growth.
Read MoreRetirement plans may be sharing or selling Americans' personal data, watchdog warns
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services.
Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account,
Warren Buffett Once Warned That the Stock Market Is “Playing With Fire” When His Famed Indicator Hits Over 200%. Should Investors Be Worried?
For decades, Warren Buffett has encouraged investors to maintain a long-term perspective and avoid paying too much for stocks.
In a 2001 Fortune magazine article, he described the ratio of the total value of U.S. stocks to the size of the U.S. economy as “the best single measure of where valuations stand at any given moment”.
Read MoreWhy the stock market will close on Sept. 7
Stock markerts will be closed on Monday, Sept. 7 due to Labor Day.
Labor Day is a federal holiday celebrating the accomplishments and achievements of American workers, according to the Department of Labor.
Labor Day was signed into law as an official federal holiday by President Grover Cleveland in 1894 after years of it being celebrated as a local and state holiday.
» Read more about: Why the stock market will close on Sept. 7 »
Read MoreThe Burst
1 Under-the-Radar Pharma Stock with 90% Upside?
Billionaire Stanley Druckenmiller has been making large changes to his portfolio recently, leaving retail investors struggling to keep up with what the famous stock picker is thinking.
One of the smaller holdings in Druckenmiller’s portfolio that makes for interesting examination is ARS Pharmaceuticals (NASDAQ:SPRY).
Druckenmiller’s 536,900 shares of SPRY are currently valued at around $7 million.
» Read more about: 1 Under-the-Radar Pharma Stock with 90% Upside? »
Read MoreThe Ivy
Will This Tiny Quantum Stock 2x by 2030?
IonQ isn’t a household name yet. But give it time. This small-cap quantum computing company is pulling in some big-league attention and the numbers from early 2025 are starting to back it up.
You’re probably used to hearing about quantum computing like it’s some distant dream but in Q1 2025, that revenue hit $7.6 million.
» Read more about: Will This Tiny Quantum Stock 2x by 2030? »
Read MoreThe Spotlight
Time To Buy This Magnificent 7 Stock?
Usually investing is about spotting a stock that is underpriced relative to fair value. Trading is about finding a stock that meets some chart criterion. Maybe it’s a breakout, a cup-and-handle, a doji, or some buy signal or other. Whatever the approach, the focus is on a single position.
But sometimes, comparative analysis highlights opportunities that otherwise might fall under the radar.