Fed holds main rate steady, forecasts higher inflation, slower growth
“Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace,” Fed Chair Jerome Powell said during a press conference.
Analyst warns Fed's major FOMC decision could make or break Bitcoin’s rally
The Federal Open Market Committee (FOMC) is set to announce its interest rate decision today at 2 PM ET, with market expectations heavily favoring a rate hold.
Milei’s Inflation Miracle Distorted by Obsolete Items in Index
(Bloomberg) -- Each morning, the typical Argentine buys a newspaper, lights up a cigarette and then, while leafing through the pages and puffing away, grabs the telephone from its perch on the wall to make a call.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesAmtrak CEO Departs Amid Threats of a Transit
Tesla upgraded, Etsy initiated: Wall Street's top analyst calls
Tesla upgraded, Etsy initiated: Wall Street's top analyst calls
Exclusive: Crypto wallet infrastructure company Privy raises $15 million in round led by Ribbit Capital
The company will use the money to double the size of its team in the next 18 months.
Bitcoin, Ether, Solana Likely to See 3%- 5% Price Swings on FOMC Rate Decision, Volmex's Data Suggests
These figures might be scary for equity or currency traders but do not represent a major deviation from the normal in the crypto market.
3 Stocks Under $50 Skating on Thin Ice
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges. However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
1 Internet Stock with Solid Fundamentals and 2 to Ignore
By breaking down physical barriers, consumer internet businesses are reshaping how people shop, connect, learn, and play. These themes have enabled rapid growth for the industry, which has posted a 4.1% gain over the past six months. This was a good place to be as the S&P 500 shed 1.6% of its value.
1 Consumer Stock to Target This Week and 2 to Turn Down
Retailers are adapting their business models as technology changes how people shop. Still, demand can be volatile as the industry is exposed to the ups and downs of consumer spending. This has stirred some uncertainty lately as retail stocks have tumbled by 15.3% over the past six months. This performance was noticeably worse than the S&P 500’s 1.5% decline.
3 Small-Cap Stocks Walking a Fine Line
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.