Heard on the Street Thursday Recap: Second Helping
Belatedly, the stock market woke up. What many thought might have been the natural reaction to the Federal Reserve's sharp ...
Jim Cramer Says Ge Vernova Inc. (GEV) is the ‘Kamala Harris stock’
We recently compiled a list titled Jim Cramer’s Top Stock Picks: 10 Stocks with High Potential. In this article, we will have ...
This is what the Fed's interest-rate cut means for distressed companies
The Federal Reserve's aggressive interest-rate cut this week could provide some breathing space to distressed companies, according to Howard Ehrenberg, a partner at law firm Greenspoon Marder's ...
High-yield bond ETF rallies after Fed rate cut as 'free ride' in cash ends
"Free-riding cash is going to be going away," said Brendan McCarthy, global head of ETF distribution at Goldman Sachs Asset Management, in a phone interview. "Now that the Fed is easing, people are ...
S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
Good news for those building up their 401(k)s: the Dow Jones Industrial Average and S&P 500 closed at record highs after the ...
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
NEW YORK — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal ...
Fed is more worried about labor market than Powell let on, William Dudley says
The Federal Reserve cut its policy rate by an aggressive half-point because it is more worried about the labor market than Federal Reserve Chair Jerome Powell let on, former New York Fed President ...
Dow surges to record as investors celebrate Fed's 'recalibration' rate cut
Nicholas Colas, co-founder of DataTrek Research, said recalibration was Powell's "word of the day" as he laid out a credible argument that appeared to convince investors that the larger-than-usual cut ...
Why a recession still worries this stock-market veteran, despite the Fed's rate cut
The U.S. stock market was already priced two-thirds of the way for a 50 basis point cut. So they basically delivered on what they market was already discounting. It was probably the appropriate move ...
Treasury yields end at highest levels in up to 2 weeks after jobless claims, Philadelphia Fed's factory gauge
Treasury yields finished higher for a third straight session on Thursday after fresh U.S. economic data indicated that the labor market and factory sector were continuing to hold up. What happened The ...
Mortgage rates went up right after the Fed cut interest rates. Here's why.
Mortgage rates aren't tied to the Fed's moves on interest rates. Rather, mortgage rates typically fall in advance of a Fed rate cut, because investors are trying to anticipate where the central bank ...
Oil prices rise after Fed delivers big interest-rate cut
The rate cut "could support economic activity and stimulate energy demand in the U.S., contributing to higher oil prices. However, the large move also sparked concerns about a potential economic ...