Stock Market Today: Stocks extend slide as Powell seeks rate cut patience
Stocks are on pace for a weekly decline amid the ongoing selloff in Treasury bonds.
Samsung Stock Surges on $7.2B Buyback Plan
Samsung Electronics unveiled plans Friday to buy back 10 trillion won ($7.2 billion) of its shares over the next year, sending its stock soaring in South Korean trading.
Morning Bid: Fed draws veil over post-election easing
Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal Reserve is getting cagier about the extent of further policy easing. Fed boss Jerome Powell didn't give much away in a keenly-watched set-piece speech on Thursday, but made it clear that the central bank still sees a robust economy and has a lot of new information to take on board in deciding just how much further it should lower interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said at a Dallas Fed event.
APAC automotive instrument cluster market set for growth
Market to reach 55.2 million units a year by 2029, forecasts GlobalData.
Health Stocks Slide as Trump Picks Vaccine Skeptic Kennedy
(Bloomberg) -- Pharmaceutical stocks declined as President-elect Donald Trump said he’s tapping Robert F. Kennedy Jr. to run the Department of Health and Human Services, potentially elevating a prominent vaccine skeptic and broader industry critic to a top role on health policy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe
Treasuries Trim Weekly Loss With Focus on Data and Fed Speakers
(Bloomberg) -- Treasuries edged higher, paring their weekly decline as traders turned their focus from Donald Trump’s US election victory to the latest economic data prints and Federal Reserve speakers. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe yield on the 10-
Money market account rates today, November 15, 2024 (up to 5.00% APY return)
Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.
1 Top Cryptocurrency to Buy Before It Soars 15,000%, According to Billionaire Michael Saylor of MicroStrategy
How far can this Bitcoin run go?
Oppenheimer Signals Buy on 2 Data Storage Stocks — Here’s Why They’re Bullish
2024 is heading into its final stretch, and it’s natural now to try to figure out what trends will support the stock markets going forward. One key factor that we can’t ignore is the continuing boom in artificial intelligence. Advances in AI technology have boosted the tech sector generally – but those gains have been especially strong in AI-related stock segments such as semiconductor chips, data center services, and data storage. The last in particular deserves a closer look. Data is a main be
Boston Fed president says December rate cut not a 'done deal', WSJ reports
Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal". "There's more data that we will see between now and December, and we'll have to continue to weigh what makes sense," Collins was quoted as saying in remarks made on Thursday. "I don't see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time."