Stock Market Today: Dow in record territory, S&P 500 falls as expectations grow for jumbo rate cut – MarketWatch
September has historically been the worst month for returns for U.S. stocks, but the second half of the month was particularly tough for investors. In a report shared with MarketWatch on Monday, Ed Clissold of Ned Davis Research noted that since 1950, the last two weeks of September have been consistently the worst period for […]
Gold prices hit record high on rate cut bets, Trump assassination attempt – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Monday amid growing expectations that the U.S. Federal Reserve will deliver a big interest rate cut later this week. Reports of a second assassination attempt on Republican presidential candidate Donald Trump also prompted calls for safe havens, but Trump appears to be unharmed […]
Gold (XAU) Price Forecast: Will a Super-Sized 50-bp Fed Rate Cut Push Gold to $2,600? – FX Empire
US Dollar and Bond Yields Support Gold Rise Despite the rise in gold prices, the US Dollar Index rose slightly this week, closing at 101.114, up 0.07%. However, expectations of future interest rate cuts have kept the dollar's momentum in check, and gold prices have held steady. Additionally, bond yields have fallen, with the 10-year […]
The Fed Does Not Need to Rush to Cut Rates
The market wants bigger profits Someone call the vice principal to enforce discipline! The markets are blackmailing the Federal Reserve again. Economic data earlier this week dashed market hopes that the Fed might cut interest rates by 50 basis points. Consumer Price Index The Consumer Price Index (CPI) was in line with expectations, but core […]
Trump threatens to cut off California wildfire aid if Newsom doesn't change water policy
Former President Trump has warned that if re-elected, he will withhold federal aid to combat California wildfires if Governor Gavin Newsom (Democrat) does not change policies to protect endangered fish species. Trump, speaking at a roughly hour-long news conference at his golf club in Los Angeles on Friday, said that if elected he would give […]
Investor hopes high for bigger interest rate cut, sending Dow near all-time high
The Dow Jones Industrial Average was nearing an all-time high as expectations of a big interest rate cut by the Federal Reserve next week suddenly rekindled. Stock and bond traders on Friday grew increasingly believing the Fed could cut interest rates by 50 basis points (half a percentage point) after The Wall Street Journal reported […]
Dow nears record as hopes for bigger Fed rate cut revived
The Dow Jones Industrial Average rose more than 400 points on Friday, approaching an all-time high, as investors reassessed the possibility of further interest rate cuts by the Federal Reserve next week. The Dow Jones Industrial Average rose 379 points, or 0.9%, to 41,476 in recent trading. It closed at a record high of 41,563.08 […]
Twins draft pick cut for tipping pitches because he ‘wanted season to be over’
Derek Bender was an elite hitting talent for a collegiate catcher during his three-year career at Coastal Carolina University, batting .326/.408/.571 with 32 home runs and 153 RBIs in 144 games. Minnesota Twins They felt Bender was good enough to join the team in the sixth round of the 2024 MLB Draft, 188th overall. The […]
Twins cut prospect after he allegedly told opposing batters pitches that were coming: report
Derek Bender was a standout catcher at Coastal Carolina University, hitting 32 home runs and batting .326 with the Chanticleers in three collegiate seasons. Bender was selected in the sixth round of the MLB draft by the Minnesota Twins in July and began playing for the Fort Myers Mighty Muscles of the Florida League, but […]
Futures inch higher as traders raise bets on bigger Fed rate cut By Reuters – Investing.com
By Shashwat Chauhan and Purvi Agarwal (Reuters) – U.S. stock index futures edged higher on Friday as investors reassessed the chances of a bigger interest rate cut by the Federal Reserve next week, while shares of aircraft maker Boeing (NYSE:) fell after factory workers went on strike. Traders' expectations of a 50 basis point cut […]