This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December.
Text removed from the December 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 statements.
Watch here for Federal Reserve Chair Jerome Powell’s press conference.
Famed investor Michael Burry is wading back into beaten-down software stocks, betting the recent sell-off was driven more by technical factors than deteriorating business fundamentals. The “Big Short” investor said in a Wednesday Substack post that a “reflexive positive feedback loop” between falling equity prices and stress in bank debt tied to software companies helped […]
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Key Points Retail investors were quick to embrace Allbird’s shocking pivot into AI. Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company’s 2021 IPO. “The market is not pricing risk. It is pricing narrative,” said Mark Malek, CIO at Siebert Financial. Source
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Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant posted first-quarter results that beat analyst expectations, sending the stock 1% higher. PepsiCo earned an adjusted $1.61 per share on revenue of $19.44 billion. Analysts polled by LSEG expected a profit of $1.55 per share on revenue […]
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