Year: 2024
Tesla shares sink 8%, giving up some gains from post-election pop
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is […]
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Trump joins Elon Musk in opposing House GOP’s government funding bill
Elon Musk (L) shakes hands with Republican presidential nominee, former President Donald Trump back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty Images President-elect Donald Trump on Wednesday came out against a Republican-backed government spending bill, siding with Elon Musk’s crusade […]
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This chip play is up nearly 40% in December, and its dividend is growing
A chip stock that’s been on a tear lately is offering investors a healthy combination of price appreciation and income. Broadcom has been in the shadow of semiconductor giant and artificial intelligence darling Nvidia this year, but December has been kind to the smaller chip company. Broadcom shares are up around 38% this month alone, […]
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10-year Treasury yield leaps to 4.5% as Fed signals caution on future rate cuts
U.S. Treasury yields jumped on Wednesday after the Federal Reserve announced its latest interest rate cut, but signaled fewer could be on the horizon. The yield on the 10-year Treasury climbed more than 11 basis points to 4.498%, hovering around the key 4.5% level in afternoon trading. The 2-year Treasury yield surged more than 10 […]
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Fed cuts by a quarter point, indicates fewer reductions ahead
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]
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The Fed sees only two rate cuts in 2025, fewer than previously projected
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than previously forecast, according to the […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of […]
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Why Americans are outraged over health insurance — and what could change
A person holds a sign while standing on the roadside near the McDonald’s restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew Hatcher | Reuters The deadly, targeted shooting of UnitedHealthcare CEO Brian Thompson has […]
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Why Wall Street’s S&P 500 forecast for 2025 is likely to be ‘way off’
Before you put a lot of faith in the 2025 market outlooks from major strategists, here’s one reason to think that even Wall Street’s brightest minds could get it wrong. The average forecast among 15 widely-followed Wall Street strategists stands at 6,630 for 2025, equivalent to about a 10% gain next year, according to CNBC […]
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