We are lowering our rating on a retail stock, and Evercore starts coverage with buys on two stocks.
Market Recap and Key Insights This morning’s “Morning Meeting” livestream from Jim Cramer’s CNBC Investment Club provided some insights into Monday’s market performance. The S&P 500 faced a dip as investors shifted focus from tech stocks to value-driven investments. For instance, shares of Broadcom dropped more than 4%, while financial powerhouses like Wells Fargo and […]
Central bank considers lowering interest rates due to inflation and job market worries
Federal Reserve Meeting and Interest Rate Decisions The Federal Reserve is anticipated to lower interest rates at an upcoming meeting this week, despite inflation remaining above its target level. This decision comes amid worries about a weakening labor market. The central bank’s Federal Open Market Committee (FOMC) will make its interest rate decision public on […]
End the H-1B program: MTG’s proposed legislation seeks to prevent companies from lowering American wages with overseas employees
Rep. Marjorie Taylor Greene’s Proposal to Scrap H-1B Visa Program Rep. Marjorie Taylor Greene (R-Ga.) has announced plans to propose legislation aimed at abolishing the H-1B visa program, which has sparked controversy over the years. On Thursday, Greene indicated her intention to introduce a bill that would phase out the program “aggressively.” The H-1B visa […]
Retailers in the US are lowering prices on Hershey’s candy before Halloween.
U.S. retailers are ramping up discounts on Hershey Co. products as Halloween approaches. This comes after the company raised prices due to tariffs and cocoa inflation, according to a report from Reuters. By early October, over half of Hershey’s candies were available at discounted prices in a prominent mass retailer, as revealed in a survey […]
Liz Weston: We’re feeling pressured by the credit company that keeps lowering our credit limit
Credit Card Concerns Dear Liz: My wife and I both maintain good credit scores, and we always pay off our credit cards in full and on time. We don’t have any outstanding loans or debts, and our credit utilization is quite low—probably around 3-4%. We have about $125,000 in total credit spread across six cards. […]
What is causing mortgage rates to increase despite the Fed lowering rates?
After the Federal Reserve made its first interest rate cut in almost a year, mortgage rates have surprisingly increased for a second week in a row. This situation highlights the complex factors that influence borrowing costs. Freddie Mac shared on Thursday that the average rate for 30-year fixed mortgages moved up to 6.34%, slightly higher […]
Tariffs Are Lowering Prices and Embarrassing Economists
Weekly recap: Supreme Court and Trump Madness Happy Friday! This week, the main figure in the US economy gathered at a friend’s briefing that made it clear—there’s still a strong disapproval of Trump’s actions. In August, the prices of items hit by tariffs dropped, disappointing those at the Kato Institute. Moreover, Americans again signaled their […]
Trump’s new Fed Governor Stephen Miran warns that not lowering rates more could threaten jobs.
New Federal Reserve Governor Warns on Job Market Risks Stephen Milan, recently appointed by President Trump as a Federal Reserve Governor, voiced concerns on Monday regarding the central bank’s hesitation to implement further rate cuts, suggesting it could jeopardize the American job market. Milan cast a vote for a hefty half-point cut just last week, […]
Saquon Barkley faces a hefty $46,371 fine from the NFL for lowering his helmet.
Saquon Barkley Fined Before Eagles vs. Rams Game Saquon Barkley, the standout running back, faced a significant fine ahead of the Philadelphia Eagles’ matchup against the Los Angeles Rams in week three. The NFL imposed a $46,371 fine on Barkley for an incident during the Eagles’ previous game, where he lowered his helmet against a […]
Bank of Canada expected to start lowering interest rates again after three times of maintaining them.
Interest Rate Expectations from the Bank of Canada The Bank of Canada is likely to reduce its key interest rate to 2.50%. The Canadian dollar has shown resilience against the US dollar this month. The Bank of Canada has maintained its rates during the last three policy meetings. The effects of US tariffs on the […]