Why Ross Stores Stock Topped the Market Today
With solid trailing results and inspiring profitability guidance, the company delivered a satisfying quarterly-earnings report.
Why Peloton Stock Soared Over 50% This Week
Revenue is stabilizing, and the company is now cash flow positive.
Why Nvidia, Arm Holdings, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied on Friday
The Federal Reserve Bank is finally saying what Wall Street has been waiting to hear.
Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally
(Bloomberg) -- Jerome Powell’s most decisive signal yet that his inflation-fighting mission has been accomplished has helped restore order to markets that only three weeks ago were engulfed in the worst upheaval since the pandemic.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hamburg Tries to Make Microtra
Nvidia Jumped Today -- Is the AI Stock a Buy Ahead of Its Big Q2 Release on Aug. 28?
Nvidia stock has soared 161% this year, and now it's on the verge of a massive test.
TSX hits record high as Fed chief signs off on rate cuts
(Reuters) -Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the start of rate cuts, raising hopes the economy could avoid recession. For the week, the TSX added 1%, its third straight week of gains. Wall Street's major indexes also rose after Powell said, "The time has come" to reduce interest rates.
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
(Reuters) -Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing. "Powell gave the market just enough dovishness to support the market while avoiding the potential pitfall of inducing fear," Carl Ludwigson, managing director at Bel Air Investment Advisors, said in an email.
Fed chair’s ‘unmistakably dovish’ tone gives investors hope for a mega rate cut next month
“The time has come for policy to adjust,” Powell said in his Jackson Hole speech on Friday.
Why Lucid Stock Is Soaring Today
With today's big gains, Lucid stock is now up roughly 1% across 2024's trading.
