Key Takeaways Big tech stocks slumped throughout most of the week as valuation concerns and macroeconomic jitters weighed on risk assets. Mega-cap tech stocks are more under-owned by large institutional money managers than at any point in the last 16 years, according to Morgan Stanley. UBS analysts note Big Tech is expected to continue to […]
Key Takeaways Big tech stocks slumped throughout most of the week as valuation concerns and macroeconomic jitters weighed on risk assets. Mega-cap tech stocks are more under-owned by large institutional money managers than at any point in the last 16 years, according to Morgan Stanley. UBS analysts note Big Tech is expected to continue to
The odds of a September rate cut jumped Friday and U.S. stocks rallied after Federal Reserve Chair Jerome Powell struck a dovish tone in his speech at the central bank’s annual Jackson Hole Symposium. According to federal funds futures trading data, traders now see a nearly 90% chance the Fed lowers rates by 25 basis
Here’s What Investors Expect To Happen Next Read More »
This week, the Transportation Security Administration (TSA) announced the roll out of eGates to speed up the identity verification process travelers do before going through the security screening. Starting at a handful of the country’s busiest airports, the first eGates will be operated by CLEAR, the company behind the accelerated security screening program called CLEAR+.
TSA Is Making Security Screening Even Faster for CLEAR+ Members Read More »
Fed Chair Powell hinted at upcoming rate cuts. What does that mean for OPEN? Shares of Opendoor Technologies (OPEN 32.78%) are flying higher on Friday, up 24.8% as of 1:15 p.m. ET. The jump comes as the S&P 500 gained 1.4% and the Nasdaq Composite gained 1.7%. Federal Reserve Chairman Jerome Powell gave a speech
Why Opendoor Technologies Stock (OPEN) Is Skyrocketing Today Read More »
You made it! You’ve reached 67, or are almost there. Age 67 is the full retirement age for tens of millions of Americans — when they can collect complete Social Security benefits and may feel psychologically ready to retire. “Sixty-five might seem too early and 68 a little too late. But 67 is the perfect
Want to Retire at 67? See if You Can Answer These Five Questions Read More »
The Trump administration is expanding work requirements for food stamp beneficiaries, and the new rules could leave some vulnerable households at risk of going hungry. The recently passed tax cuts and spending legislation includes a provision that eliminates work exemptions for veterans receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), the federal food assistance
How Trump’s Tax Law Puts Veteran Food Benefits at Risk Read More »
KEY TAKEAWAYS Federal Reserve Chair Jerome Powell pointed toward a potential interest rate cut at the central bank’s next meeting in September. However, it is not a sure thing as Fed officials are still debating if it should address tariff-related inflation by keeping rates where they are or the slowing labor market by cutting rates.
What The Fed Chair’s Speech at Jackson Hole Means For You Read More »
KEY TAKEAWAYS Lucid said it will proceed with plans for a 1-for-10 reverse stock split, as the unprofitable EV startup looks to boost its share price. The stock has lost nearly a third of its value so far this year amid worries about its outlook and expiring EV tax credits. Earlier this month, the company cut its
Lucid’s Stock Is Set To Undergo 1-for-10 Reverse Split. What You Need To Know Read More »
Lucid stock is reverse-splitting its shares. Lucid might avoid delisting this way, but the stock’s still a sell. At first, it seemed Lucid Group (LCID -3.11%) investors were in for a very bad day today — but things are improving. Last night, the luxury electric car company confirmed it will proceed to reverse-split its shares
Why Lucid Group Stock Died Today — Then Got Better Read More »