Wall Street investors believe that, at least in the short term, certain asset classes such as gold and bitcoin could be fated to mirror their performances from the first time Donald Trump took office in 2017. The sentiment around Trump’s pro-business second term has been largely bullish, with the broad … Read more
Consumers are feeling the effects of higher prices, not higher inflation, Powell says Powell thinks that consumers are feeling the effect of high prices, rather than of high inflation. “We understand very well that prices went up by a great deal, and people really feel that, and it’s prices of … Read more
Every Friday I do a gameplan look-ahead on “Mad Money.” It has to be cursory because I write about 1,200 words — which has to fit into one segment on television — that’s the typical structure/stricture. I can’t really dally on any particular earnings report because that means I won’t … Read more
My top 10 things to watch Wednesday, June 12 Stocks jumped after the May consumer price index came in cooler than Wall Street expected. Bonds yields fell after CPI, with the yield on the Fed-sensitive 2-year Treasury reaching its lowest level since April 5. The Dow , the S & … Read more
Dow closes higher Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The Dow finished Tuesday higher, snapping a six-day losing streak. The blue-chip index ended 0.2% up, its first positive session of the last seven. The S&P 500 and Nasdaq Composite closed 0.2% … Read more
