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Tag: Fed

The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed expected to deliver quarter-percentage-point rate cut next week

U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.

Read More Fed expected to deliver quarter-percentage-point rate cut next week
NEW YORK, NEW YORK - AUGUST 06: Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Stocks opened up slightly up in the three major indexes a day after the Dow Jones and the S & P 500 had their worst day of trading since 2022, amid a global market sell-off centered around fears of a U.S. recession. (Photo by Michael M. Santiago/Getty Images)

Wall Street Makes A Comeback: Dow Jumps Over 500 Points After Monday’s Horrific Stocks Day

Wall Street somewhat rebounded from a disaster on Tuesday, as main stock indexes grew over 1%. Investors searched for bargains after a global stock selloff and panic of a possible recession occurred on Monday. 

Read More Wall Street Makes A Comeback: Dow Jumps Over 500 Points After Monday’s Horrific Stocks Day
SAN FRANCISCO, CA - NOVEMBER 09: Job seekers wait in line to enter the San Francisco Hire Event job fair on November 9, 2011 in San Francisco, California. The national unemployment rate dipped this past month to 9 percent in October after employers added 80,000 jobs. (Photo by Justin Sullivan/Getty Images)

Report: U.S. Job Market Weakens In June

The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday. 

Read More Report: U.S. Job Market Weakens In June
NEW YORK - SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday's Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day loss since the terrorist attacks of September 2001. Today the Federal Reserve is scheduled to announce the target interest rates for the federal funds. It's not clear how the central bank will respond to recent turmoil in the world's financial markets. This comes after news of Merrill Lynch & Co. Inc selling itself to Bank of America Corp, the financial firm Lehman Brothers Holdings Inc. filing for Chapter 11 bankruptcy protection, and insurance giant American International Group Inc. (AIG) attempting to raise capital to stay afloat. (Photo by Spencer Platt/Getty Images)

Dow Eclipses 40,000 For First Time Ever In The Stock Market

The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts. 

Read More Dow Eclipses 40,000 For First Time Ever In The Stock Market
An elderly man shops at a supermarket during reserved shopping hours for elderly people in Miami Beach, on March 21, 2020. - Miami Beach Mayor, Dan Gelber, warned of "devastating consequences" over the virus and ordered bars and gyms to close this week, telling springbreakers: "You've got to think about the person next to you and even the person you don't know." (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)

Report: Inflation Increased Again In March As Consumer Spending Rose

According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase. 

Read More Report: Inflation Increased Again In March As Consumer Spending Rose
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. REUTERS/Brendan McDermid/File Photo

Wall St rises as Big Tech charges higher

Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.

Read More Wall St rises as Big Tech charges higher

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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