US stocks open mixed after President Trump told Fox Business the 100% tariff on China “won’t stand,” calling high tariffs “not sustainable.” Futures turned higher on hopes of easing trade tensions ahead of a planned Trump–Xi meeting in two weeks. The optimism comes after a turbulent Thursday that saw credit fears hit regional lenders. Zions Bancorporation ( ... Show More
Yesterday
Inflation cools, Fed cut locked in, Intel rebounds
US stocks surged after September CPI came in cooler than expected, rising 3.0% yearly versus the 3.1% forecast by economists. The report, the first major economic release in 23 days due to the government shutdown, cements expectations for an October rate cut, with futures now pri ... Show More
20m 50s
Oct 23
Tesla misses, oil jumps, Southwest CFO on bag fees
US stocks open slightly lower as Tesla (TSLA) shares slide following mixed Q3 results. Revenue topped expectations at $28B, but operating profit plunged 40% year over year as price cuts weighed on margins. CEO Elon Musk urged shareholders to approve his proposed $1T pay package, ... Show More
22m 33s
Aug 26
Dollar Drops, Gold Rises as Trump Ousts Fed's Cook
The dollar dropped and gold gained after President Donald Trump removed Federal Reserve Governor Lisa Cook, raising concerns about the independence of the central bank. A gauge of the dollar retreated 0.3% as Cook will be removed from the position effective immediately, according ... Show More
19m 43s
Oct 2024
10-10-24 Rising Volatility, China Stimulus, & Storms' Economic Surge - What They Mean For Portfolios
All was not hunky-dory in the recent Fed meeting, as the FOMC Meeting minutes reveal a split-decision on lowering rates by 50-bps vs 25-bps. Meanwhile, in the markets, the S&P is having its Best Year Ever since the "turn of the century." The current, rising wedge is both a bullis ... Show More
46m 29s