Is the stock market open on Juneteenth? The answer to this question is no. The stock market will be closed Monday, June 19, for the Juneteenth holiday. Bond traders will get a long weekend, too, with the bond market also closed on Monday. The holiday, which is also known as Juneteenth National Independence Day, celebrates… Continue reading Is the Stock Market Open on Juneteenth?
Stock Market Today: Stocks Gain Ground Ahead of Inflation Data, Fed Meeting
Stocks closed higher Monday ahead of tomorrow’s highly anticipated release of the May consumer price index (CPI) report and Wednesday’s policy announcement from the Federal Reserve. While market participants kept a cautious eye on these two upcoming events, some single-stock news, including Tesla’s (TSLA) longest win streak on record and a pre-earnings upgrade for Oracle… Continue reading Stock Market Today: Stocks Gain Ground Ahead of Inflation Data, Fed Meeting
Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause
Oil prices climbed Tuesday as China tries to boost growth amid a disappointing post-COVID rebound. The People’s Bank of China unexpectedly trimmed its short-term lending rate. US inflation data also raised hopes on Wall Street for a pause in Fed rate hikes. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause
China slashes interest rates and mulls big stimulus package in bid to revive slowing economy
China just slashed short-term interest rates in its economy to 1.9%. Meanwhile, the government is mulling a big stimulus package to prop up key sectors. That comes as the nation posts a disappointing recovery while dialing back its zero-COVID policies. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading China slashes interest rates and mulls big stimulus package in bid to revive slowing economy
Russia revives oil exports to North Korea as US sounds alarm on more arms sales for Ukraine war
Russia has revived its oil trade with long-time ally North Korea as the Kremlin’s war on Ukraine drags on. Russia has exported 67,000 barrels of oil to North Korea since December, a UN report said. North Korea has been accused of sending Russia weapons for its war in Ukraine. Loading Something is loading. Thanks for… Continue reading Russia revives oil exports to North Korea as US sounds alarm on more arms sales for Ukraine war
The stock rally will end soon, recession will hit, and the Fed won’t hike interest rates again, markets guru Jeremy Siegel predicts
Jeremy Siegel is wary of stocks, expecting a recession, and predicting the Fed won’t hike again. The retired Wharton professor doubts the stock market will keep surging or hit a new low. Siegel sees a mild recession and the Fed ending its war on inflation to minimize job losses. Loading Something is loading. Thanks for… Continue reading The stock rally will end soon, recession will hit, and the Fed won’t hike interest rates again, markets guru Jeremy Siegel predicts
Goldman Sachs CEO David Solomon is surprised at the economy’s strength – but warns of commercial real-estate pain
The US economy’s resilience has taken Goldman Sachs CEO David Solomon by surprise. “The US economy has been incredibly resilient, and I would say that I have been surprised over the course of last year,” he told CNBC. At the same time, Solomon warned the commercial real-estate sector faces bumps down the road. Loading Something… Continue reading Goldman Sachs CEO David Solomon is surprised at the economy’s strength – but warns of commercial real-estate pain
Letter from the Senior Digital Editor: The French Open and Emotional Investing
My fiancé, a massive tennis fan, has developed a ridiculous habit: he always bets against his favorite player. It’s an emotional hedge. If his favorite player wins, he’s happy, and if his favorite player loses, well, at least he gets paid. It’s come up a lot this past week as he watched the French Open… Continue reading Letter from the Senior Digital Editor: The French Open and Emotional Investing
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