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    Stocks tanked after the Fed signaled fewer rate cuts next year. Here’s what Wall Street analysts see ahead.

    by skolnes December 19, 2024
    December 19, 2024

    Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.Jacquelyn Martin/AP The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected …

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  • Cryptocurrency News

    Big Lots Sale to Nexus Falls Apart, Plans to Close Business

    by skolnes December 19, 2024
    December 19, 2024

    (Bloomberg) — Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of …

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  • Cryptocurrency News

    Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble

    by skolnes December 19, 2024
    December 19, 2024

    (Bloomberg) — It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property …

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  • Cryptocurrency News

    The Fed is sounding more hawkish. Those voices may get louder in 2025.

    by skolnes December 19, 2024
    December 19, 2024

    The Federal Reserve is sounding more hawkish in the face of stubborn inflation, and those voices could get even louder in 2025. Some new members of the Fed’s rate-setting committee …

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  • Cryptocurrency News

    The Fed’s ‘pivot’ brought market uncertainty to the forefront

    by skolnes December 19, 2024
    December 19, 2024

    Markets sold off on Wednesday as Federal Reserve Chair Jerome Powell explained why the central bank is expecting to cut interest rates at a slower pace than it had previously …

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  • Cryptocurrency News

    Darden Restaurants, CarMax, Micron Technology, and More

    by skolnes December 19, 2024
    December 19, 2024

    Scott Olson / Staff / Getty Images Major U.S. indexes rallied at midday Thursday, rebounding from Wednesday’s selloff as a report showed the U.S. economy expanded more than anticipated in …

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  • Cryptocurrency News

    Micron stock plummets as weak outlook overshadows AI opportunity

    by skolnes December 19, 2024
    December 19, 2024

    Micron (MU) stock plummeted more than 17% early Thursday on weaker-than-expected guidance for the current quarter despite burgeoning demand for AI chips. The memory chipmaker, which counts Nvidia (NVDA) as …

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  • Cryptocurrency News

    US home sales hit fastest pace since March with more properties up for sale

    by skolnes December 19, 2024
    December 19, 2024

    Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as …

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  • Cryptocurrency News

    Philly Fed’s manufacturing gauge slumps to 20-month low

    by skolnes December 19, 2024
    December 19, 2024

    (Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region slid to the lowest in nearly two years in December, with new orders and shipments both contracting in …

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  • Cryptocurrency News

    Does Warren Buffett Know Something Wall Street Doesn’t? The Billionaire Has Been Buying a Nasdaq Stock-Split Stock With a Hearty 4.6% Dividend Yield That Analysts Recently Downgraded.

    by skolnes December 19, 2024
    December 19, 2024

    Berkshire Hathaway Chairman Warren Buffett is a value investor at his core. Value investing involves finding stocks trading below their intrinsic value and buying them at a discount. While the …

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