Stocks spent most of the day lower as investors awaited the conclusion of the Federal Reserve’s two-day policy meeting, but enjoyed a short-lived burst higher after the central bank issued its fourth straight 75 basis point rate hike (a basis point equals 0.01%). What sparked that brief turnaround was dovish language in the Fed’s statement… Continue reading Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic
What Are Share Buybacks?
Companies have at their disposal two main options when they want to return cash to shareholders. Dividends tend to be preferred by income investors; a dividend is a cash payout to shareholders, typically issued on a half-yearly basis. The other method is to use a share buyback. This means just what it says – the… Continue reading What Are Share Buybacks?
What Happens After the Latest Fed Rate Hike? The Pros Weigh In
The Federal Reserve delivered a widely expected fourth consecutive short-term interest rate hike of 75 basis points, or 0.75%, when it wrapped up its regularly scheduled two-day policy meeting on Wednesday afternoon. But the real question on every investor’s mind was whether Chair Jerome Powell would offer any reason to think that the central bank… Continue reading What Happens After the Latest Fed Rate Hike? The Pros Weigh In
Soaring mortgage rates get all the attention, but a decade of underinvestment in housing is the big culprit behind the country’s affordability crisis
Mortgage rates have climbed above 7% for the first time since 2001, but that’s only half the story of the affordability crisis. Years of under-building have led to a massive shortage of housing. Economists explained what’s behind the shortage and what could come next for US housing. Loading Something is loading. Thanks for signing up!… Continue reading Soaring mortgage rates get all the attention, but a decade of underinvestment in housing is the big culprit behind the country’s affordability crisis
Ark Invest owns a private stake in Twitter via its venture fund as Cathie Wood talks up its ‘Super App’ potential
Cathie Wood’s Ark Invest bought a private stake in Twitter after Elon Musk acquired the company.The about $1 million stake makes up about 12% of Ark Invest’s new venture capital fund “We have high conviction in Elon Musk’s ability to transform Twitter into a more valuable platform for users and advertisers,” Ark Invest said. Loading Something… Continue reading Ark Invest owns a private stake in Twitter via its venture fund as Cathie Wood talks up its ‘Super App’ potential
German utility giant Uniper posts record 40 billion euro loss as Russia’s gas shutoff ‘scars’ its results
Germany’s Uniper posted a record 40 million euro ($39.3 billion) loss for the first 9 months of 2022. Russia choked off gas flows to Germany, forcing the utility giant to buy new supply at higher prices. The net loss comes after half-year figures showed “massive scars” in Uniper’s results, its CFO said. Loading Something is… Continue reading German utility giant Uniper posts record 40 billion euro loss as Russia’s gas shutoff ‘scars’ its results
US stocks continue sell-off after Fed Chair Jerome Powell signals rates may peak at a higher level than expected
Brian Evans Getty Images US stocks opened lower Thursday as the sell-off from a day earlier continued. The US dollar and bond yields both gained with investors seeking cover. On Wednesday, Fed chief Jerome Powell squashed hopes of a policy pivot following another jumbo rate hike. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks continue sell-off after Fed Chair Jerome Powell signals rates may peak at a higher level than expected
Chinese central banker says the yuan will be stable, while the Fed’s latest rate hike sends the currency near a 15-year low
The Federal Reserve and Bank of England both made 75-basis-point interest rate hikes this week. China, however, has kept relatively loose monetary policy, compared to Western economies. The yuan slipped 0.4% to 7.3166 Thursday, nearing the 15-year low of 7.33 which it hit on Tuesday. Loading Something is loading. Thanks for signing up! Access your… Continue reading Chinese central banker says the yuan will be stable, while the Fed’s latest rate hike sends the currency near a 15-year low
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