S&P 500: Dip-Buying Remains the Go-To Strategy If Next Resistance Proves Stubborn – Yahoo Finance
Over the past month, the S&P 500 and Nasdaq have posted solid gains, and global markets are mostly on track to end September in the green. A long-term uptrend that has been building for about two years has recently gained momentum thanks to the Federal Reserve. With a bold 50 basis point rate cut, the […]
Is Lumen Technologies Inc. (LUMN) the Best Performing Small-Cap Stock in 2024? – Yahoo Finance
We recently compiled the following list. 10 Best-Performing Small-Cap Stocks of 2024. In this article, we'll take a look at where Lumen Technologies (NYSE:LUMN) ranks among the best-performing small-cap stocks in 2024. For small stocks The recent Fed rate cuts have made the market cautiously optimistic. Despite the unusual timing, historical data suggests the upward […]
Dollar edges down before Fed speakers, data; Swiss franc rises after SNB – Yahoo Finance
Stefano Rebaudo (Reuters) – The safe-haven dollar edged lower on Thursday as risk appetite rose, with traders focusing on speeches by the Federal Reserve's top policymaker and economic data due later in the day for clues about the pace of interest-rate cuts. Meanwhile, the Swiss franc strengthened after the Swiss National Bank cut interest rates […]
China weighs injecting $142 billion of capital into top banks, Bloomberg News reports – Yahoo Finance
HONG KONG (Reuters) – China is considering injecting up to 1 trillion yuan ($142.39 billion) in capital into the country's biggest state-owned banks to boost their ability to support its struggling economy, Bloomberg News reported on Wednesday. The move is part of a wide-ranging stimulus package introduced by Beijing this week to jump-start China's sluggish […]
Texas Capital Unveils 'First-of-Its Kind' Money Market ETF – Yahoo Finance
Texas Capital Launches First Money Market ETF (MMKT) Texas Capital Bank Private Wealth Advisors is seeking to improve its position in the $6.5 trillion money market industry, and announced today that it has introduced the “first” ETF that follows money market fund rules. of Texas Capital Government Money Market ETF (MMKT) Texas Capital said it […]
Dollar rises from 14-month low, yuan dips – Yahoo Finance
Karen Brettel NEW YORK (Reuters) – The dollar rebounded from a 14-month low against the euro in choppy trading on Wednesday, but investors maintained their bet that the Federal Reserve will deliver another big interest rate cut at its November meeting as optimism about the labor market wanes. The yuan also weakened after initially rising […]
If You Invested $1,000 In Bitcoin When Jamie Dimon Said He Would Fire Employees 'In A Second' For Holding BTC, Here's How Much You'd Have Today – Yahoo Finance
If you had invested $1,000 in Bitcoin when Jamie Dimon said he would fire employees for holding BTC “immediately,” here's how much you'd have today JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon He has been one of several financial executives who have been vocal opponents of the cryptocurrency industry for years. While Dimon's stance has changed […]
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets – Yahoo Finance
NEW YORK (AP) — The Justice Department has filed an antitrust lawsuit against Visa, accusing the financial services giant of using its size and dominance to stifle competition in the debit card market, causing billions of dollars in harm to consumers and businesses. According to the complaint filed Tuesday, San Francisco-based Visa penalizes merchants and […]
Stock market today: Wall Street drifts around its all-time highs after Chinese stocks soar – Yahoo Finance
NEW YORK (AP) — U.S. stocks shook off a shaky start to the day to hit yet another record high on Wall Street. The S&P 500 rose 0.3% on Tuesday. The Dow Jones Industrial Average rose 0.2%, hitting a new record of its own. The Nasdaq Composite Index rose 0.6%. In the Treasury market, Treasury […]
Asian Stocks, Europe Futures Rise on PBOC Stimulus: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks tracked gains in Asia after the People's Bank of China announced a series of stimulus measures to bolster economic growth. Most read articles on Bloomberg The Stoxx Europe 600 index rose 0.9%, led by gains in sectors highly dependent on China, such as miners, luxury goods makers and automakers. Brent crude […]