Tag: Markets
Dow soars over 700 points after Powell’s Jackson Hole speech, on track to blow past all-time high
Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald...
Wall Street is scared that we’re looking at the end of the Fed’s independence
To say that U.S. Federal Reserve Chairman Jerome Powell’s Jackson Hole speech will be “closely watched” tomorrow is an understatement. Powell is trying to...
Experts say the market’s AI anxiety will ‘punish those chasing the froth’
Major technology stocks tied to artificial intelligence took a sharp downward turn Tuesday, rattling markets and raising concerns the sector’s billion-dollar promises may not...
Goldman Sachs says we’re on the verge of a stablecoin gold rush worth trillions
Goldman Sachs and U.S. Treasury Secretary Scott Bessent expect a stablecoin gold rush, driven by new regulations and massive potential for payment market expansion....
Home Depot leads Dow higher as Wall Street holds steady in summer lull
Wall Street is holding steady on Tuesday, stuck in a summer lull.
The S&P 500 slipped 0.2%, a day after barely budging, and remains near its...
Sam Altman might be right: He’s not the only one who thinks the stock market is in ‘bubble’ territory
OpenAI CEO Sam Altman said the word “bubble” three times in 15 seconds in a room full of reporters and then urged them not...
Warren Buffett’s $1.6 billion bet on UnitedHealth sends the struggling insurer’s stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week.
The S&P 500 edged down by...
The bond market is signalling that a September cut from the Fed is no longer locked in
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The...
A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick
When Steven Wang was in second grade, he convinced his parents to open a custodial stock account. Now 23 years old, he’s running “dub,”...
AI experts return from China stunned: The U.S. grid is so weak, the race may already be over
“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI...
