Federal Reserve Chair Jerome Powell spoke publicly on Tuesday for the first time since the Fed’s preferred inflation gauge showed prices increased at their slowest pace in more than three years during the month of May. While still showing signs of caution, Powell admitted the data has been in the right direction recently. Yahoo Finance’s […]
Tag: highs
Why the stock market could surge 4% to record highs by the end of July
Spencer Platt/Getty Images The stock market is approaching its best time of the year, according to Goldman Sachs. The bank highlighted that the Nasdaq 100 has been positive in July for 16 years straight. “These stats are staggering for NDX,” Goldman Sachs said. The best days and weeks of the year for the stock market […]
Oppenheimer Suggests 2 Stocks to Buy Amid Market’s Record Highs
Looking at the stock markets, three main points are commanding investor attention right now. First, and the most obvious, is that the stock indexes are near record-high levels. Both the S&P 500 and the NASDAQ are within touching distances of their all-time highs. Second, corporate earnings are sound, with most sectors showing double-digit year-over-year gains […]
Austin-area daily highs to reach upper 90s but stay below triple digits, forecasters say
The week ahead is set to be a dry one across Central Texas, with soaring temperatures and nearly zero chances of rain, according to meteorologists. Daily highs will not cross the threshold into triple digits, though heat indexes will regularly exceed 100 degrees, according to the National Weather Service. Wednesday and Thursday will be the […]
Baby boomers and millennials face an ‘intimidating’ task as stocks trade near record highs: Morning Brief
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I came to one important realization at France’s Cannes Lions Festival this week as I watched Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL) duke it out for the most valuable company on our […]
Heat wave continues to scorch U.S. as forecasters warn of record-breaking highs. The latest on extreme temperatures seen across the globe.
The extreme heat that is affecting much of the United States won’t break entirely next week. Some places around the country will see an increasing intensity in temperatures, while others should see slight relief from this dangerous heat wave. Here’s what we know about the ongoing heat situation. 🌡️ Where parts of the U.S. are […]
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
Crypto majors such as SOL, AVAX, APT, SUI saw 40% to 70% corrections over the past months, weighing on altcoin sentiment, while BTC and ETH are down only 15% from their yearly highs. Venture funds are under pressure to sell tokens to realize profits on their investments made in the past years, Markus Thielen noted. […]
Vanishing short-sellers have helped push stocks to record highs. But beware a sharp negative reversal, JPMorgan says.
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Short bets against funds that track major US indexes have declined to record lows, JPMorgan said. There are three main reasons short sellers are withdrawing from the market. Low levels of short-selling could spark volatility in the market […]
S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What’s Driving Markets Thursday?
S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What’s Driving Markets Thursday? After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline […]
Fossil fuel use and emissions hit record highs as world struggles with deadly heat, storms and fires
The world consumed record amounts of oil, coal and gas last year, pushing planet-heating carbon pollution to a new high, according to a report published Thursday, shattering climate scientists’ hopes that global energy emissions may have peaked. The growth in fossil fuels drove a 2.1% increase in energy-related emissions last year, pushing them above 40 […]
Cathie Wood Just Put a $2,600 Price Target on Tesla. With the Stock Down 54% From Its Highs, Is Now the Time to Buy?
Cathie Wood is not shy about making bold predictions especially when it comes to the top holding of her flagship Ark Innovation ETF. Wood has a history of setting lofty targets for her favorite stock, Tesla (NASDAQ: TSLA), which has had a difficult time recently, down 54% from its high in 2021 and about 25% […]
S&P 500, Nasdaq hover near record highs ahead of retail sales data
US stock futures held near record highs, largely hitting pause in muted premarket trading before the week’s economic data highlight: the release of May’s retail sales numbers. S&P 500 (^GSPC) futures hovered around the flatline after the benchmark index secured its 30th record close of 2024. Futures tied to the Nasdaq Composite (^IXIC) rose 0.2% […]