The most important number for the stock market right now: Morning Brief
Non-tech investors interested in AI and its effect on the stock market need only look for one clear warning sign: any cuts in AI spending by the hyperscalers.
Mortgage and refinance rates today, February 11, 2024: Rates hold steady ahead of inflation report
These are today's mortgage and refinance rates. Rates have been stagnant for a week, but tomorrow's CPI could cause more noticeable shifts. Lock in your rate today.
Wall Street ends mixed as Coca-Cola gains and Tesla drops
(Reuters) -Wall Street's main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments. The U.S. central bank is no rush to cut its short-term interest rate again given the economy is "strong overall", with low unemployment and inflation still above the Fed's 2% target, Powell said in opening remarks at a Senate Banking Committee hearing. Investors were also on the lookout for any new tariff comments from U.S. President Donald Trump, a day after he substantially raised levies on imports of steel and aluminum and said there would be announcements over the next two days about reciprocal tariffs on all countries that impose duties on U.S. goods.
Markets are betting Trump’s bark is worse than his bite. Consumers are not
The Street is hardly a reliable barometer of our long-term economic health. And just because markets are bored of the tariff rhetoric doesn’t mean the danger isn’t real.
Bitcoin Soared 120% in 2024. Could It Repeat That Performance in 2025?
At the same time, large institutional investors will continue to ratchet up their portfolio allocations to Bitcoin. Right now, institutional investors are allocating about 1% of their portfolios to Bitcoin.
Why This Week’s Inflation Report Is Especially Important
Fed officials are wary about getting through turn-of-the-year price resets, which contributed to big inflation jumps in recent years.
Crypto Investors Lost Over $500M in Memecoin Rug Pulls and Scams in 2024
The majority of scams involved gaining access to notable people's social media accounts through social engineering.
23-year-old serial entrepreneur Steven Wang dropped out of Harvard and raised $17 million for his brokerage. He says he made his worst stock investment in elementary school
Steven Wang, founder and CEO of the trading platform dub, spends $150 a year on a meditation app, doesn't cook to optimize time and wears the same two shoes everyday.
Too early to see impact of US tariffs on world economy, IMF head says
U.S. tariffs are an "evolving story" and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. "So when I think of the impact on the world economy, my answer to you would be today, it's too early to say." Georgieva said the world economy appeared remarkably resilient, despite a series of unprecedented shocks.
Southeast Asian Stocks Tumble as Dollar Outlook Dims Prospects
(Bloomberg) -- The dollar’s monthslong surge is adding another blow to Southeast Asian stock markets, where investors are already retreating to sidestep slowing economic growth prospects in the region.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome