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It’s the United States of America v. Donald J. Trump. For the first time in history, the nation is seeking to put on criminal trial a person who was elected to lead it as president. Trump is due in court in Miami on Tuesday to answer a 37-count indictment that…
The S&P 500 index is in a bull market, volatility is very low, and more stocks are rising than in recent months. There must be nothing going on to worry investors, huh? Not a thing, apparently. The S&P 500 added 0.4% this past week; the Dow Jones Industrial Average, 0.3%;…
You can do the opposite of a losing strategy and still lose. That’s important to keep in mind when considering whether to take the opposite side of trades recommended by losing advisers. Given that the vast majority of investment advisers and fund managers lag the market, doing the mirror opposite…
Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last two years. Expectations for growth in median home prices increased to 2.6% in May from 2.5% in April, the highest reading since July 2022,…
The markets and many economists expect the Federal Reserve to keep rates unchanged this week while keeping the door open for a hike as soon as the next meeting in July — a “hawkish pause” that some Fed officials are calling a “skip.”“We expect there to be close to full…
© Reuters. FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly// WASHINGTON (Reuters) -Texas won the latest round in its antitrust lawsuit against Alphabet (NASDAQ:)’s Google on Monday as a U.S. judicial panel ordered…
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes. The focus…
Investing.com – The U.S. dollar climbed higher in early European trading Tuesday, remaining close to a two-month peak, as traders digested the potential for more Federal Reserve interest rate hikes as well as the passage of the U.S. debt ceiling deal through a divided Congress. At 03:05 ET (07:05 GMT),…
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. The deal’s…
OBSERVATIONS FROM THE FINTECH SNARK TANK When Apple speaks, people listen—and pundits pontificate. The pundits came out in force after Apple announced the Vision Pro, a mixed reality headset. Apple describes the Vision Pro as a “spatial computer that seamlessly blends digital content with the physical world.” According to its…