Stocks bounced between positive and negative territory for most of Wednesday as investors anxiously awaited this afternoon’s policy decision from the Federal Reserve. But the major indexes made a beeline lower after the Fed increased interest rates by 0.25%, even as the central bank indicated that rate hikes could be coming to an end. Most… Continue reading Stock Market Today: Stocks Sink After Latest Fed Rate Hike
Fed Hikes Interest Rates Yet Again: What the Experts Are Saying
The Federal Reserve raised interest rates once again on Wednesday, as concerns about persistently elevated inflation trumped turmoil in the banking industry. The central bank’s rate-setting group, known as the Federal Open Market Committee (FOMC), wrapped up its regularly scheduled two-day meeting by increasing the short-term federal funds rate by 25 basis points, or 0.25%. … Continue reading Fed Hikes Interest Rates Yet Again: What the Experts Are Saying
Donor-Advised Funds: A Tax-Savvy Way to Rebalance Your Portfolio
Rebalancing your portfolio regularly is one of the basic fundamentals of sound long-term investing. The good news for long-term investors is that if you regularly give to charity, there is a tax-efficient way to rebalance your portfolio — the donor-advised fund. Why rebalance? Over time, higher-risk assets, like stocks, will dominate a portfolio, leading to… Continue reading Donor-Advised Funds: A Tax-Savvy Way to Rebalance Your Portfolio
Dow sinks more than 500 points after Fed delivers soft rate hike but Powell pushes back on expectations of cuts this year
US stocks fell Wednesday following the Fed’s March rate decision. The Fed raised raised by 25 basis points, in line with expectations. But Chairman Jerome Powell said rate cuts this year at not in its baseline expectations. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Dow sinks more than 500 points after Fed delivers soft rate hike but Powell pushes back on expectations of cuts this year
PacWest sinks 11% as the California bank borrows cash following a 20% drop in deposits
PacWest shares dropped 17% on Wednesday following a financial update. The lender said deposits have fallen 20% since the end of last year. Venture banking deposits have declined. Regional banks have been shaken by deposit outflows since SVB’s collapse this month. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading PacWest sinks 11% as the California bank borrows cash following a 20% drop in deposits
The banking crisis is not over and more pain is coming for the stock market, CEO of the largest publicly-traded hedge fund says
Man Group CEO Luke Ellis says equities have yet to bottom out. Ellis thinks a “significant number” of banks will close in the next two year, he said at the Bloomberg Invest conference. Depositors may take their money to larger institutions, he says, on fears regional banks won’t be bailed out. Loading Something is loading.… Continue reading The banking crisis is not over and more pain is coming for the stock market, CEO of the largest publicly-traded hedge fund says
The S&P 500 hasn’t been this dependent on just 2 stocks since 1978 as Apple and Microsoft become havens
The combined weighting of Apple and Microsoft in the S&P 500 has grown to about 13.3%. That’s the most that two stocks have dominated the index since 1978, the Wall Street Journal said. Shares of the tech giants have surged as investor seek safety amid the bank crisis. Loading Something is loading. Thanks for signing… Continue reading The S&P 500 hasn’t been this dependent on just 2 stocks since 1978 as Apple and Microsoft become havens
Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
Bank of America raised its price target for Nvidia, citing the firm’s dominant position in AI. The bank said the company has an opportunity to help accelerate the adoption of AI across many markets. Analysts said their view is echoed by some of the largest players in tech as they seek to expand in AI. … Continue reading Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
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