Business

2 Stocks to Buy After Micron’s Blowout Earnings Source link

Market Update: J Source link

By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once again force the U.S. central bank to come to the rescue by buying bonds, said tail-risk …

Nio (NYSE: NIO) shares have been soaring this week. China has a plan for accelerating growth, and the electric vehicle (EV) maker could be one big beneficiary. But even prior to China’s economic stimulus making an impact, there are signs that Nio’s business is getting in better shape. Investors recognized …

Microsoft has regularly outpaced the stock market, more than tripling over the past five years. The stock is a little less than 10% removed from its all-time high, but it won’t be like that for long. Microsoft Cloud and the company’s AI initiatives prompt me to be bullish on the stock. These …

Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest rate cuts. The S&P 500 (^GSPC) rose 0.1% after eking out a third record-high close this week. The Dow Jones Industrial Average (^DJI) gained 0.7%, while the tech-heavy …

(Reuters) – The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday. Economists had forecast PCE inflation advancing 0.1%. In the 12 months through August, the PCE price index increased 2.2% after rising 2.5% in July. …

Trump Media Stock Is Falling. It May Still Finish Week in the Green. Source link

Summary The Federal Reserve’s favorite inflation indicator, the PCE Price Index, will be released by the BEA this morning. PCE differs from the better-known Consumer Price Index because its composition is changed more frequently and it is thus quicker to reflect the impact of real-time pricing fluctuations. In the most …

(Reuters) – U.S. stock index futures slipped on Friday, as investors exercised caution ahead of a crucial inflation report which could sway expectations on the size of upcoming interest rate cuts by the Federal Reserve. A Commerce Department report, due at 8:30 a.m. ET, is expected to show the Personal …