Business

Four-plus years passed without an interest-rate cut from the Federal Reserve. That changed Wednesday when the Fed lowered rates by an unexpectedly large 0.5%. Investors’ initial reactions were muted. However, the stock market soared on Thursday as they digested the impact of the big rate cut. Even better, the Federal …

Shares of Shopify (NYSE: SHOP) and Axon Enterprise (NASDAQ: AXON) have moved in opposite directions this year. The former has fallen 4%, while the latter has gained 48%. Both stocks recently had their price targets raised by Wall Street analysts. On Sept. 17, Dominic Ball at Redburn Atlantic upgraded Shopify …

Former President Donald Trump could reap billions if Truth Social’s parent company’s long-delayed merger finally goes through.Chip Somodevilla; Jakub Porzycki/NurPhoto via Getty Images Trump Media stock plummeted to its lowest levels since its IPO on Thursday. Shares dropped as much as 4% as a lockup period was set to expire. …

By Lewis Krauskopf NEW YORK (Reuters) – As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the benefits of easier monetary policy, making it harder for markets to rise much further. Investors on Thursday …

Cindy Ord/Getty Images for Yahoo; iStock; Rebecca Zisser/BI Tom Lee has long called for a stock market rally after the Federal Reserve cuts interest rates. But after Wednesday’s big 50 basis point cut, Lee says he sees uncertainty looming ahead of the election. Other analysts have also warned of volatility …

(Bloomberg) — Asian stocks extended a rally in global equities as jobs data backed the view that the US economy is headed for a soft landing. The yen gained as the Bank of Japan left interest rates unchanged. Most Read from Bloomberg The MSCI Asia Pacific Index rose as equities …

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The stock of space exploration company Intuitive Machines (NASDAQ: LUNR) strongly defied gravity on Thursday. It closed the day more than 24% higher, thanks in no small part to news of a major price-target increase from an analyst. That move came mere days after the company delivered some of the …

(Bloomberg) — Skechers U.S.A. Inc. shares delivered their worst daily performance since February after the footwear company’s chief financial officer told an industry conference that China sales will be under pressure the rest of the year. Most Read from Bloomberg Shares slipped 9.6% Thursday to close at $61.56, the lowest …

The Fed’s cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value.Kevin Dietsch/Getty, Tyler Le/BI The Fed looks like it’s following the same path it did in 1995, according to TS Lombard. That sets the stage for the economy to avoid a recession …