Jerome Powell, the chair of the Federal Reserve.Chip Somodevilla/Getty Images The Federal Reserve is likely to hold interest rates steady in its next decision on Wednesday. It follows a strong jobs report and still-high inflation. It’ll likely take longer for the Fed to cut interest rates given recent economic data. Americans shouldn’t expect interest rate […]
Deciding when to purchase a stock is perhaps an investor’s most challenging decision. This is especially true with newly public, unique companies in high-growth industries, like Arm Holdings (NASDAQ: ARM). Arm Holdings stock has more than doubled since its initial public offering (IPO) around nine months ago, and many investors are eager to own this […]
CrowdStrike (NASDAQ: CRWD) surged 12% higher following its earnings release for the first quarter of fiscal 2025 (ended April 30, 2024) and has held steady in subsequent trading sessions. The company continues to grow at a rapid clip, and it is now within 10% of its all-time intraday high of $365 per share. Unfortunately, this […]
The AI chip craze is expected to bring big business to Lam Research (LRCX). The chip supplier, whose customers include Intel (INTC), Samsung, and Taiwan Semiconductor (TSMC), foresees its high bandwidth memory business tripling this year, and expects “even stronger” demand in 2025. “Frankly, I see continued strength for the foreseeable future,” Lam Research CFO […]
I love collecting passive income. It’s nice to get paid for work you didn’t have to do. I like generating passive income so much that my top financial goal is to eventually make enough each year to cover my recurring expenses. That way, I won’t have to work to live. I’ve got quite a ways […]
NEW YORK (AP) — The New York accents of court reporters reading testimony. A juror’s facial expression. And tea leaves — plenty of tea leaves. Jury deliberation meant tense, ultimately boring hours of waiting for lawyers, journalists and others at the Manhattan courtroom where former President Donald Trump’s hush money trial is being held. It’s […]
DETROIT — General Motors takes big swings with electric vehicles. From the late ‘90s EV1 to the plug-in hybrid Chevrolet Volt a decade later, GM’s electrification efforts set new standards or fail infamously. Sometimes, they do both. Now comes the 2024 Chevy Silverado EV RST, a powerful, well-equipped technological tour de force that vaults Chevy […]
Who says you have to wait to snag the best deals this Memorial Day? The holiday is already shaping up to be a sales spectacular, with major retailers including Amazon, Walmart and Target dropping some serious discounts way ahead of time. So while you’re welcoming the unofficial start of summer with a backyard barbecue or […]
Let’s be honest — gardening is a complicated hobby. On the one hand, it gets you out in the fresh air; on the other, your labors may as well be for nothing if all your handiwork gets destroyed in a storm or munched by a backyard pest. But having a greenhouse can go a long […]
In a recent poll, 71% of potential first-time homebuyers said they won’t enter the market until interest rates drop. Prospective homeowners sit at an impasse. Mortgage rates are not particularly high, at least in a historical sense: Roughly 7.5%, on a 30-year fixed-rate loan. Yet, first-time buyers are painfully aware of how much lower rates […]
It’s almost showtime for Nvidia (NVDA), with earnings out after the close today. It could be a wild 48 hours in markets because of this one stock. Current premiums in options markets imply that traders are bracing for an 8.6% swing in the stock price in either direction, reports the FT this morning. If Nvidia […]
US stocks slipped away from record highs on Wednesday as investors waited for AI bellwether Nvidia’s (NVDA) pivotal earnings and for more clues to the Federal Reserve’s thinking on interest-rate cuts. S&P 500 (ES=F) futures edged down roughly 0.1%, coming off a fresh record close. Dow Jones Industrial Average futures (YM=F) also shed 0.1%, while […]