Yahoo Finance Dow Jones Futures: Market Rally Still Must Do This; Nvidia Chipmaker's Sales Boom
The market rally attempt hasn't proved itself yet. Meta leads stocks near buy points. Nvidia chipmaker TSMC reported strong sales.
The market rally attempt hasn't proved itself yet. Meta leads stocks near buy points. Nvidia chipmaker TSMC reported strong sales.
All eyes are on the Federal Reserve as it kicks off its interest rate easing cycle at its September meeting. But what do lower rates mean for your finances? Bankrate senior economic analyst Mark Hamrick joins Wealth! to break down how an interest rate cut could impact everything from your savings to your credit card. "Americans traditionally fail to achieve their savings goals. That's true of retirement savings. A Bankrate survey about a year ago found that most Americans felt they were not on track with respect to their retirement savings... We know from Bankrate surveys over the years that the majority of Americans cannot pay an emergency expense of $1,000 or more from savings," Hamrick explains. He notes that the higher interest rate environment is a "tremendous opportunity to prioritize savings." As the Fed will likely initiate a 25-basis-point cut, he believes this is good news since bond yields (^TYX, ^TNX, ^FVX) will come down at a slower pace than if the Fed were to move forward with a 50-basis-point cut. Hamrick also encourages Americans to take advantage of a high-yield savings account to take advantage of a 5% annual yield. Credit card debt has reached new highs as Americans grapple with inflationary pressures. Hamrick explains that interest on credit cards will likely fall alongside the Fed's cuts, and stresses the importance of prioritizing debt with the highest interest charges. "I think that's the way to go because that's where you get essentially the best return on your money, paying off that high-cost interest right away," he argues. He adds that it is "wise to forestall borrowing" at this moment in time. He encourages Americans to put off taking out car loans, for instance, and instead using the money to build up savings and avoid further credit card debt. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
Vice President Kamala Harris and former President Donald Trump's presidential debate Tuesday covered a wide range of national issues, including policies for the US chip industry. To provide insight on this matter, Brookings Institution Senior Fellow in Governance Studies and Washington Post columnist E.J. Dionne joins Morning Brief. Dionne highlights the Biden administration's significant investments in domestic technology, particularly in the semiconductor sector, noting that these efforts have had "Harris's support." He suggests that a Harris victory would likely mean a continuation of this policy direction. Regarding Trump's stance, Dionne told Yahoo Finance, "On Trump it's hard to say from his answer, because again I think that clip was revealing in the sense that Trump was moved again on the defense and then he tried to flip it to a general attack on Harris. And I think that was his problem all night." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Sunthorn Khaosom was fishing with his crewmates on a boat off the coast of Thailand's Satun province on the morning of September 3 when their boat was battered by stormy winds. Sunthorn was thrown overboard and swept away by the rough seas. After spending a night at sea, he washed up on a rocky island late on September 4. Exhausted and hungry, Sunthorn managed to keep himself alive while awaiting rescue.
The monument, located in a public park near Belfast, depicts Queen Elizabeth, Prince Philip and two of her beloved corgis
Albania's main opposition leader Sali Berisha said he had been officially indicted on Wednesday on corruption charges for actions he took when he was prime minister, describing the indictment as a political vendetta. Prosecutors accused Berisha in October of using his influence as prime minister between 2005-2009 to exert pressure to conclude a privatisation procedure in favor of others including his daughter's husband. Berisha denies any wrongdoing.
Boy George and Squeeze have teamed for a tour filled with sass and joy, evidenced at a recent tour stop in Virginia.
Haitian American writer Edwidge Danticat explores family, homeland and her literary heroes in “We're Alone,” a new volume of essays that include personal narratives of her early years as child immigrant in Brooklyn to reportage of recent events like the assassination of a president back in her native county. In the essay collection, the author of the celebrated memoir “Brother, I'm Dying,” and novels like “Breath, Eyes, Memory” and “Claire of the Sea Light,” moves from her native Port-au-Prince to the New York of her childhood and finally to the adopted hometown of Miami, where she lives as an adult with a family of her own. In one essay in the slim volume, Danticat contemplates her family, describing the consequences of one uncle being gripped by dementia, his memory erased, his past suddenly vanished.
WARSAW, Poland (AP) — Wanda Kwiatkowska eagerly read reports on Wednesday morning about the U.S. presidential debate — and they convinced her that a second Trump presidency would be a grave threat to her home of Poland and the larger region.
The US Bureau of Labor Statistics released August;s Consumer Price Index (CPI) report, which highlighted the persistent nature of shelter cost inflation, which rose 5.2% compared to last year. To discuss the outlook on housing affordability, Mortgage Bankers Association President and CEO Bob Broeksmit joins Wealth! Broeksmit explains that home prices continue to climb due to "a stubborn supply gap," with fewer houses available than Americans need. He notes "that's why you see housing prices increasing faster than the CPI data." However, Broeksmit suggests that factors such as cooling mortgage rates may provide some relief to this affordability crisis for Americans. Regarding the Federal Reserve's possible interest rate cuts, Broeksmit observes: "We've already seen in mortgage rates anticipation of the Fed cuts coming," indicating that these expected cuts are already priced into current mortgage rates. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
The glow of the Line fire, burning in San Bernardino County, was spotted from Crestline, California, on Tuesday, September 10.Video filmed by Anita Hodson from the Holly Hill Chalet shows the lights of the city of San Bernardino and the blaze burning in San Bernardino National Forest on Tuesday evening.California Gov Gavin Newsom declared a state of emergency for San Bernardino County due to the fire.Evacuation orders and warnings remained in place for parts of the county, as over 65,000 structures were threatened, according to fire officials.As of Tuesday, the Line fire covered 34,659 acres and was 14 percent contained, according to Cal Fire. Credit: Anita Hodson via Storyful
A Google executive told colleagues the goal for the company's then-nascent online advertising business in 2009 was to "crush" rival advertising networks, according to evidence prosecutors presented at the tech titan's antitrust trial on Wednesday. The statements underscored the U.S. Department of Justice's claim that Google has sought to monopolize markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit in the middle. On the third day of the trial, prosecutors began to introduce evidence of how Google employees thought about the company's products at the time when the government alleges it set out to dominate the ad tech market.
Scheduled services between Douglas and Heysham are hit by delays following cancellations on Tuesday.
Watch as the Bell of Hope rings at St Paul's Chapel in New York City to mark the exact moment when the first of two planes hit the World Trade Center Twin Towers on September 11, 2001. The bell was presented to the people of New York as a gift from London's St Mary-le-Bow church, a sister church to St Paul's Chapel, in 2002. The bell ringing comes as Joe Biden and Kamala Harris mark 23 years since the attacks at a commemorative ceremony in the city.
We came across a bullish thesis on New Fortress Energy (NFE) on Value Degen’s Substack by Unemployed Value Degen and The ROI Club. In this article we will summarize the bulls’ thesis on NFE. New Fortress Energy share was trading at $10.36 as of Sept 11th. New Fortress Energy (NFE) represents a unique opportunity in […]
Watch as US secretary of state Antony Blinken, UK foreign secretary David Lammy and Ukraine’s foreign minister Andrii Sybiha speak at a press conference on Wednesday 11 September, following their meeting in Kyiv. Ukrainian president Volodymyr Zelensky has today called for “strong decisions” to be made as he ramped up the pressure on the West for permission to use long-distance missiles in Russia. Mr Lammy and his US counterpart Mr Blinken are on a joint visit to the Ukrainian capital in a show of support.
MONTREAL — Montreal Mayor Valérie Plante is defending her decision to turn off comments on her social media accounts — with an announcement on social media.
Watch as a ceremony is held in Somerset County, Pennsylvania, to remember those killed when hijacked Flight 93 crashed into an open field on September 11, 2001. US president Joe Biden and vice president Kamala Harris on Wednesday will observe the 23th anniversary of the 9/11 attacks, with visits to each of the three sites where hijacked planes crashed in 2001 and killed nearly 3,000 people. The pair will first visit the New York City site where planes brought down the World Trade Center’s twin towers.
A crucial showdown between presidential candidates ahead of November 5th.
Biden and Harris will then fly to Shanksville, Pennsylvania, where passengers on United Flight 93 overcame hijackers and the plane crashed in a field, preventing another target from being hit. According to his campaign, Donald Trump will also attend ceremonies in New York and visit Shanksville.
The stock market today seesawed and tech stocks mostly rebounded following a fresh batch of inflation data. But small- and mid-cap stocks still dwelled in mildly negative territory. Investors opted to flee early, but traders re-entered the market roughly 90 minutes into the session, seeking bargains.