Spencer Platt/Getty Images The next big catalyst for the stock market is the February CPI inflation report, according to Fundstrat. It will be released on March 12, and will signal to investors whether the Fed could soon cut interest rates. “We wonder if this is potentially the fundamental catalyst for a sell-off,” Fundstrat said. Th […]
Tesla rivals Rivian, Lucid, and Fisker were riding high a few years ago. Amid surging investor interest, the electric-vehicle makers commanded hefty market caps and spoke of bright futures. Things look far less promising today. The EV sector faces a growth slowdown, and even market leader Tesla has warned of challenging months ahead. For its less-established […]
ST. LOUIS – Firefighters across the St. Louis metro area spent Tuesday battling brush fires from St. Peters to De Soto. Some of those fires got out of control quickly due to the dry, windy conditions. FOX 2 was on the scene of one of those brush fires off of St. Peters Parkway. Fire officials […]
As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. Now that inflation is easing, the Fed may be poised to make another blunder by moving too slowly to cut rates and triggering a […]
Bridgewater Associates is the world’s largest hedge fund with over $196 billion in assets under management (as of Sept 30, 2023). While the firm posted a loss in fiscal 2023, its flagship fund All Weather was up 10.6% last year. Ray Dalio, Bridgewater’s co-founder and former chief investment officer, has been a long-time believer in […]
Getty Images A recession is still in the cards for the US, according to BCA strategist Roukaya Ibrahim. Ibrahim predicted a downturn would come sometime before early 2025. Once the economy slips into a contraction, stocks could plunge 26%, she warned. A recession is still on the way even as optimism pervades across Wall Street, […]
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As part of Friday’s fraud trial verdict, Donald Trump has been ordered to pay $355 million to the state of New York. Attorney General Letitia James, who brought the case, said the verdict was a ‘tremendous victory.’ This saga started in 2019 when Alexandria Ocasio-Cortez grilled Trump attorney Michael Cohen. The yearslong legal saga between […]
Back-to-back winter storms are headed for Northern California this weekend — bringing heavy rainfall, mountain snow, and possible thunderstorms and flooding. The good news is meteorologists say gloomy weather won’t produce conditions as extreme as the Feb. 4 storm that killed three people and cut power to thousands. The bad news is the looming conditions […]
We learned today that it took two Seattle Police officers over 20 minutes to respond to the scene of a shooting where someone was shot. Further investigation showed one of the officers caught on dashcam punching a homeless man so hard he knocked him to the ground. It’s another troubling revelation for a department under […]