Federal Reserve Chairman Jerome Powell recently announced a jumbo-sized 50-point cut in interest rates, bringing the federal funds rate to 4.75%–5%. The Fed also projects another half-point cut before 2025, with a higher estimated unemployment rate for this year. While U.S. markets initially rose on the news, they couldn’t sustain their gains. A CNBC survey…
Investors are looking for attractive dividend stocks as the Federal Reserve is expected to start cutting interest rates. Lower rates will make dividend yields even more appealing, especially for stocks with high payouts and low debt. Some stocks expected to see a 10% or more upside include Exxon Mobil and ConocoPhillips. The Fed’s decision on…
Sure! This content discusses the importance of staying hydrated during exercise and provides tips on how to ensure you are drinking enough water. It emphasizes the role of water in regulating body temperature, delivering nutrients to muscles, and improving overall performance. The article also suggests monitoring urine color, drinking water before, during, and after workouts,…
Today, the Federal Reserve is expected to announce a long-awaited interest rate cut, potentially by 0.25% or 0.5%. The mystery surrounding the exploding Hezbollah pagers in Lebanon deepens as conflicting information emerges about their origins. Sean “Diddy” Combs’ legal team continues to fight for his release as he awaits a sex trafficking trial. In other…
A trader is watching a news conference by Federal Reserve Chair Jerome Powell on the floor of the New York Stock Exchange, as stock futures remain flat in anticipation of a rate cut from the Federal Reserve. This rate cut comes after a period of aggressive hikes to combat inflation. Investors are eager for the…
Congress workers are planning protests against Shiv Sena MLA Sanjay Gaikwad for offering a reward to anyone who cuts off Rahul Gandhi’s tongue, claiming he insulted India’s reservation system. Gaikwad defended his statement, saying Gandhi’s recent remarks in the US exposed the true face of Congress. An FIR was filed against Gaikwad for criminal intimidation…
Analysts were discussing a tech giant and an energy stock on Monday. Evercore ISI lowered its price target on Alphabet due to antitrust concerns, while Barclays initiated GE Vernova with an overweight rating. KeyBanc sees potential for Spotify to see a 30% upside, citing a large total addressable market and upcoming product roadmap. Barclays is…
The controversial circular that proposed a five-day salary cut for KSRTC employees for Wayanad rehabilitation has been withdrawn on the transport minister’s instruction. The circular had caused controversy as employees had received their full month’s salary for August at once, instead of in two installments as usual. Employees were also asked to give their salaries…
Considering waiting for mortgage rates to drop could lead to a more affordable monthly payment, but there are risks involved in this strategy. The Federal Reserve is expected to start implementing rate cuts, which could impact mortgage rates. By comparing current rates to potential future rates, potential homebuyers can see the potential savings on a…
Moderna is planning to cut $1.1 billion in expenses by 2027 and aims to get approvals for 10 new products. The company will pause work on some products and reduce R&D spending to around $3.6 billion to $3.8 billion in 2027. Shares of Moderna fell more than 17% after the announcement. Despite this, the company…