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    Indexes fall as Powell says the Fed is in no hurry to cut interest rates

    by skolnes November 15, 2024
    November 15, 2024

    Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to …

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    Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap

    by skolnes November 15, 2024
    November 15, 2024

    (Bloomberg) — Asian equities climbed, aided by some encouraging signs in China’s economy and a retreat in the dollar. Most Read from Bloomberg The MSCI Asia Pacific Index rose 0.4%, …

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    Trump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed

    by skolnes November 15, 2024
    November 15, 2024

    Trump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.) …

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    Why billionaire investor David Einhorn is loading up on a struggling agriculture stock ‘no one cares about’

    by skolnes November 15, 2024
    November 15, 2024

    David Einhorn, President, Greenlight Capital, Inc.Reuters Famed value investor David Einhorn says he’s betting on CNH Industrial. The stock is trading cheap, but has upside as an agricultural boom mounts, …

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    3 drivers of the stock market’s bull rally are hitting extremes and point to lower returns ahead, economist says

    by skolnes November 15, 2024
    November 15, 2024

    Adobe Firefly, Tyler Le/BI Stock market gains will slow as key drivers like valuations and rates hit extremes, David Rosenberg said. He said operating earnings would need to surge to …

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  • Cryptocurrency News

    Billionaire Investor Trims Alibaba After Saying Buy ‘Everything’ China

    by skolnes November 15, 2024
    November 15, 2024

    (Bloomberg) — Turns out that Billionaire investor David Tepper, who said recently he would buy “everything” China-related amid Beijing’s stimulus blitz, trimmed exposure in e-commerce giant Alibaba Group Holding Ltd. …

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  • Cryptocurrency News

    Indexes mixed as traders digest wholesale inflation and await Powell’s remarks

    by skolnes November 14, 2024
    November 14, 2024

    Fed Chair Jerome PowellBonnie Cash/Getty Images Indexes wavered Thursday as traders received wholesale inflation data. The producer price index showed prices rising 0.2% last month as expected. Markets will be …

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    Buffett’s Berkshire Buys Stakes in Domino’s and Pool Corp.

    by skolnes November 14, 2024
    November 14, 2024

    (Bloomberg) — Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of …

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  • Cryptocurrency News

    Applied Materials forecasts quarterly revenue below estimates on weak demand

    by skolnes November 14, 2024
    November 14, 2024

    (Reuters) – Applied Materials (AMAT) forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares …

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  • Cryptocurrency News

    Dow, S&P 500, Nasdaq slide as Powell says Fed in no ‘hurry’ on rate cuts

    by skolnes November 14, 2024
    November 14, 2024

    US stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank …

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