Don't look now, but the Nasdaq bear market may be coming to an end. With most economists still calling for a recession in the second half of 2023, commentators have been reluctant to declare an end to the bear market. This, however, could very well be the start of a new bull market.
The Federal Reserve cut the federal funds target rate by 50 basis points to a range of 4.75% to 5.00%. It's the central bank's first rate cut in four years. In its statement, the Federal Open Market Committee (FOMC) states, "The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance." The statement adds that "the economic outlook is uncertain." Based on the projections, Fed members see two more 25 basis point cuts this year, followed by four more in 2025. In the video above, Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports the breaking details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Lebanon's health ministry says over 300 were wounded by exploding electronic devices across country including in capital Beirut
The Federal Reserve is on course to take Americans out of a higher-for-longer interest rate environment and begin cutting rates at the conclusion of Wednesday's FOMC meeting. But how will this impact your interest earnings on personal savings accounts? Yahoo Finance Personal Finance Editor Molly Moorhead lays out top saving and investment strategies as interest rates remain elevated for the time being. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
STORY: Tupperware - whose iconic plastic food containers once filled millions of American kitchens - has filed for Chapter 11 bankruptcy protection.The move comes after several years of falling sales and failed turnaround efforts...as demand slipped due to rivals making cheaper and more environmentally friendly containers.The company said it will now chart out a sale process for the business.By doing so, it has likely sealed the fate of the so-called Tupperware Lady...the nickname given to a generation of post-war housewives, seeking empowerment, who sold the plastic products at in-home gatherings known as "Tupperware parties."The company enjoyed a brief resurgence during the pandemic as more Americans cooked at home amid travel curbs.But - after some wild swings during the "meme stock" rallies of that period - shares of Tupperware ultimately slumped in 2023, as it delayed annual reports and breached its credit obligations.
The one big question that remains around the Federal Reserve's plans to cut interest rates is by how much? "The economic impact between a 25 and 50 basis point rate cut is very small, at least from on the loan rate side around $4 billion, which is nothing in the grand scheme of things. I think it's more important what [Fed Chair Jerome] Powell says and what we see in terms of rate projections, how quickly they'll be cutting rates over the next year," Ritholtz Wealth Management Chief Market Strategist Callie Cox tells Yahoo Finance anchor Julie Hyman at the Future Proof Festival. Cox underlines the fact that "words matter" as Powell is set to give a press conference at 2:30 p.m. ET following the Fed's rate policy decision: "So I want to get updated context from Powell on the job market, how worried he is about unemployment over the next year or so. He's been saying he's not worried but it's time to cut rates. So what's going on there, what's the dynamic?" For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Train drivers have voted overwhelmingly to accept a multi-year pay deal, ending a two-year dispute at 16 train companies, their union Aslef has announced.The move will see an end strike action that has made commuters’ lives a misery.Aslef said its members voted by 96% in favour of a deal that is worth a 15% rise over three years. The turnout was 84%.
Emergency crews continued to battle the Line fire in Southern California on Wednesday, September 18, with evacuation orders still in effect in the area.Footage released by Cal Fire shows a firefighter cutting down a tree scorched by the Line fire on Wednesday. According to Cal Fire, the fire has burned over 39,000 acres and was 50 percent contained as of Wednesday morning.The man suspected of igniting the Line fire pleaded not guilty to the 11 arson-related charges against him, according to a local news outlet. Credit: Cal Fire BDU via Storyful
The hundreds of pagers that exploded on Tuesday in Lebanon and Syria had apparently been acquired by the militant group Hezbollah after the group’s leader ordered members in February to stop using mobile phones, warning they could be tracked by Israeli intelligence.
While many early examples had two doors, we typically use "sedan" to describe four-door, "three-box" (engine, cabin, trunk), fixed roof cars. However, with Americans continuing to choose the...
Alexa play "End Of The Road" by Boyz II Men.
The 'We Live in Time' star says the Internet is “a very mean place” and it “never feels good” to read negative comments
Aussie Oscar Piastri may not be about to challenge in the F1 championship hunt - but there's no more in-form driver on the grid going into the Singapore GP.
After having his 2022 and 2023 seasons marred by injury, it was reasonable to ask whether Kyler Murray would ever play up to the $230 million contract extension he'd signed with the Arizona Cardinals. Between a torn ACL and general on-field malaise, the…
VENICE, Calif. & SEBASTOPOL, Calif., September 18, 2024--Guayakí Yerba Mate, the category leader in yerba mate, is pleased to announce the appointment of industry veteran Hari Avula to its Board of Directors.
McLEAN, Va., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Thought Leadership & Innovation Foundation (TLI), a not-for-profit organization that works at the nexus of science, technology and public health, today announces the transfer of ownership of the Limb Loss and Preservation Registry (LLPR®) from the National Institute of Child Health and Human Development (NICHD) to TLI. This landmark decision, approved by NICHD, underscores TLI's commitment to driving transformative change in healthcare and validate
Prosecutors claim the singing mogul’s alleged criminal behavior continued until days before his Monday, Sept. 16 arrest
From Boss to Fendi, stars including David Beckham, Ashley Graham and Shailene Woodley are showing up in style
Ken Griffin's Citadel and Izzy Englander's Millennium Management are taking up the role of playing godfather to a generation of hedge fund stars. Nearly 20 traders from Millennium and Citadel are seizing the chance to go it alone, adding to a number of hedge-fund startups that have raised some $14 billion this year, which hedge fund research firm PivotalPath says is a record. Nishant Kumar has the details in today's "Big Take" on Bloomberg Television.
JD Vance’s insinuation that pets are being swiped and eaten by Haitian immigrants has hit yet another embarrassing snag.Vance’s campaign, responding to scrutiny over the hoax, shared a police report with the Wall Street Journal this week that detailed a Springfield, Ohio, resident’s claim that her cat mysteriously vanished in August. Vance’s team suggested the report was proof there was reason to fear that pets in Springfield might actually be in danger.It turns out, however, that the missing ca
The Bank of Canada's governing council was split on the outlook for inflation ahead of its Sept 4 decision to cut rates for the third time in a row, minutes published on Wednesday showed. "Some members took the view that the risks were balanced, with strength in shelter and services price inflation offsetting the downward pressure from excess supply," it said. "Some had become more concerned with the downside risks to inflation, particularly if the economy and labor market weakened further."
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