STORY: The Fed has twice raised its policy rate by three-quarters of a percentage point, in June and July. Since March, it has lifted that rate from near zero to its current range of 2.25% to 2.50%. Financial markets are pricing a roughly 58.0% probability of a 75 basis points increase at the Fed's next meeting, according to CME's FedWatch Tool. That is down from 70% before the release of the employment report.
These three low-volatility, dividend-growth stocks offer the potential to rebound while trading near decade-low valuations.
In the realm of retirement savings, only a select few in the United States achieve the milestone of a $5 million nest egg. Data from the Employee Benefit Research Institute, based on the Federal Reserve’s Survey of Consumer Finances, reveals that a mere 0.1% of retirees manage to accumulate over $5 million in their retirement accounts, whereas only 3.2% amass over $1 million. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? Can you
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
The tallest building in Fort Worth, Texas, has been bought by a bank for $12.3 million, three years after it sold $137.5 million. Burnett Plaza has 40 stories and is 567 feet tall.
According to a report released on May 9, 2024, the number of properties classified as seriously underwater is ticking up, with southern states bearing the brunt of the phenomenon. One in 37 homes with mortgages was considered seriously underwater during the first quarter, according to real estate data provider ATTOM's 2024 U.S. Home Equity & Underwater Report. That's up from one in 38 homes during the fourth quarter of last year. A mortgage is considered seriously underwater when the estimated l
The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
China has only a toehold in the U.S. electric vehicle market, and this toe may now get squashed.
GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.
The man credited with igniting the 2021 meme stock rally has posted his first social media message in nearly three years.
Did lawmakers really pilfer Social Security's piggy bank? Here's the truth.