Elon Musk announced on X.com that he will be moving the headquarters of both X.com and SpaceX from California to Texas citing a recently signed law in California that bars schools from requiring staff to tell parents if their child is identifying as another gender. SpaceX is already incorporated in Texas. Yahoo money management Anchors … Read more
The CME FedWatch tool shows a nearly 100% chance of an finance charge rate cut in September as some economists join the call for an finance charge rate cut as soon as this July. Mizuho US Chief Economist Steven Ricchiuto joins industry Domination to discuss the state of the economy and what it signals for … Read more
Data from the CME FedWatch tool shows there is a 100% chance that the Federal Reserve will cut finance charge rates by September of this year. Corient partner Amy Kong joins industry Domination to give insight into the probability of the Fed cutting rates by September and what markets (^DJI, ^IXIC, ^GSPC) are making of … Read more
Probability for a finance charge rate cut from the Federal Reserve in September has jumped to nearly 100%, according to the latest data from the CME Fedwatch tool. Fed Chair Jerome Powell has, on multiple occasions, reiterated the stance that the Fed will need to see more economic data before making any decisions on finance … Read more
As the industry rally (^DJI, ^IXIC, ^GSPC) begins to see a broadening out from the Big Tech players and Wall Street expects to see an finance charge rate cut from the Federal Reserve soon, what’s the year-end outlook beginning to look like for equities? HSBC Americas CIO Jose Rasco joins Catalysts to discuss how markets … Read more
Amazon (AMZN) Prime Day is approaching, promising a wide array of items at significantly discounted prices. Sky Canaves, Emarketer principal analyst for retail & e-commerce joins Wealth! to offer advice for shoppers looking to make the most of this event. Canaves emphasizes the importance of preparation, advising shoppers to “plan ahead” by creating a clear … Read more
Retailers like Nike (NKE), Lululemon (LULU), and Starbucks (SBUX) are under pressure as slowing expansion in China weighs on profit margins. TD Cowen managing director of retail and consumer brands John Kernan joins Catalysts to discuss how consumer weakness in China is impacting retailers. Kernan notes that, based on his firm’s latest survey, Nike has … Read more
D.A. Davidson managing director Gil Luria joins Morning Brief to discuss some of the biggest trends dominating the tech sector as second quarter earnings season kicks off. Luria points to Microsoft’s (MSFT) AI efforts driving a PC upgrade cycle. He explains, “the impact is so broad right now in the implementation of more AI and … Read more
US retail sales were flat for the month of June while May sales were revised to show an increase of 0.3%, according to data from the US Census Bureau, signaling the consumer is stronger than some on Wall Street had initially believed. Will this impact the Federal Reserve’s next finance charge rate policy decision? Citi … Read more
Tesla (TSLA) chief executive officer Elon Musk has reportedly pledged to contribute $45 million per month over the next several months to boost Donald Trump’s campaign, according to a Wall Street Journal report. The funds are going to a pro-Trump super PAC called America PAC. Yahoo financial senior columnist Rick Newman breaks down the details … Read more