Powell

Tesla Leads Mega-Cap Tech Stock Rally After Powell Points to Possible Rate Cut

Investment Tips /
Tesla Leads Mega-Cap Tech Stock Rally After Powell Points to Possible Rate Cut

Tesla (TSLA) shares soared Friday amid a broader market rally spurred by comments from Federal Reserve Chair Jerome Powell that indicated interest rate cuts could be on the horizon. The EV maker’s stock jumped over 6% to close around $340, making it the top gainer among shares of the world’s most valuable technology companies, which […]

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Fed Chair Powell Signals Rate Cuts in Jackson Hole Speech

Investment Tips /
Federal Reserve Chair Jerome Powell speaks at a press conference.

The Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium bills itself as a “venue for international central bankers, Federal Reserve officials, other policymakers and academics to discuss issues of mutual concern.” But normies really just care about what Federal Reserve Chair Jerome Powell had to say in his speech Friday morning. After all,

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S&P 500 Extends Losing Streak Ahead of Powell Speech

Investment Tips /
red arrow zigzagging lower, held up by multicolored ropes

Market participants took a cautious stance in Thursday’s session, with all eyes on Federal Reserve Chair Jerome Powell’s Friday morning speech at the Jackson Hole Economic Symposium. While the major stock indexes traded modestly lower throughout the day, there were more notable moves beneath the surface. It’s unclear at this point what Powell will say

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Stocks Soar After Fed Chair Powell Opens the Door to Interest Rate Cuts; Dow Set for First Record Close of 2025

Personal Finance /
Stocks Soar After Fed Chair Powell Opens the Door to Interest Rate Cuts; Dow Set for First Record Close of 2025

Trump Says Intel Agrees to Sell 10% Stake to Government 14 minutes ago Intel (INTC) stock surged Friday as President Donald Trump said the struggling chipmaker had agreed to allow the U.S. government to take a 10% stake. At a press gathering in the Oval Office announcing the World Cup draw, Trump said of Intel,

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Powell Signals Potential Fed Rate Cut in September

Real Estate Buying & Selling /
Powell Signals Potential Fed Rate Cut in September

(Bloomberg) — Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain. “The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,”

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Bonds Cheer Powell Pivot

Mortgage & Loans /
Bonds Cheer Powell Pivot

Today’s Jackson Hole speech gave Fed Chair Powell an opportunity to adjust his stance in light of much weaker jobs report that came out 2 days after the last Fed meeting. Powell had quite a bit to say, but the only thing the market really needed hear in order to facilitate a reaction was that

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Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech

Mortgage & Loans /
Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech

Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech A few years back someone told me, “Two lenders merging in this environment is like two drunks outside a bar holding each other up.” That isn’t quite the case anymore for various reasons (we’re just one big announcement away from yet another block buster

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