The US economy continues to defy gravity. Fresh data reveals that GDP surged at an annualized rate of 2.8% in the second quarter, comfortably beating the anticipated 2.0% rise. This follows a solid 1.4% increase in the first quarter. Adding a cherry on top, inflation appears to be cooling off despite this vigorous growth.
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Yesterday
Wall Street Continues to Shift
<p>The global economy remains in flux, full of abrupt developments and shifting expectations. Yet the latest news shows that progress hasn't stalled. Tech giants are once again outperforming, central bankers are rekindling optimism among investors, and geopolitics is back to offe ... Show More
3m 54s
Nov 24
Trading on Whispers Alone
<p>With the data pipeline jammed, markets are stumbling through the dark - clutching at Fed whispers and trading on hunches rather than hard numbers. A nervous rally here, a tech wobble there, and a holiday season loaded with both promise and peril have left investors guessing at ... Show More
4m 49s
Jul 2025
Fed holds, markets cut odds of future cuts
The FOMC keeps rates steady, but with two dissenting votes. (0:16) Odds of a rate cut in September fall below 50%. (1:33) Stocks sell off and yields rise as Chairman Powell speaks. (1:46)Show NotesQ2 GDP tops forecasts, but underlying growth a worry Episode transcripts seekingalp ... Show More
3m 52s
Aug 2024
The Dividend Cafe Wednesday - August 28, 2024
<p>Midweek Market Recap and NVIDIA Earnings Breakdown - August 28, 2023</p>
<p>In this episode of Dividend Cafe, Brian Szytel discusses the performance of the stock market on a relatively uneventful day, with the Dow dropping 159 points, the S&P 500 down by 0.6%, and the NASD ... Show More
3m 45s
Dec 2024
BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974
The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected.
However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw in ... Show More
5m 51s