The Fed is expected to cut interest rates in 2024. Here’s how investors...
Georgijevic | E+ | Getty ImagesStocks' runup likely won't persistFalling interest rates are generally a boon for the stock market, advisors said. Among the reasons: Businesses can borrow money more cheaply and are more likely to make big investments in their companies as a...
Stocks making the biggest moves midday: Xerox, SoFi, Charles Schwab and more
Check out the companies making headlines in midday trading. Xerox — Xerox shares sank more than 12% after the digital printing company announced plans to cut 15% of its workforce in the first quarter as part of a broader restructuring effort. SoFi Technologies — The financial...
Fed officials in December saw rate cuts likely, but path highly uncertain,...
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday.At the meeting, the rate-setting Federal Open Market...
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% –...
It's a level not seen since George W. Bush was president.Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001.A major part of his thesis is built on the economy's strength and...
Alibaba was once a Wall Street darling. After plunging 75% over three years,...
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015.Brendan McDermid | ReutersBEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is...