Stock market today: Indexes slip as the last Fed meeting of the year kicks off
While the market sees a 25 basis point rate cut this week as all but certain, odds the Fed hits the brakes on further cuts in January have steadily risen.
While the market sees a 25 basis point rate cut this week as all but certain, odds the Fed hits the brakes on further cuts in January have steadily risen.
Alibaba’s (BABA) shares have fallen more than double digits since reaching their 52-week highs in early October, following a rally driven by the announcement of a robust stimulus package for the Chinese economy. However, despite being in correction territory, I believe three bullish factors surrounding the Chinese e-commerce giant have been underestimated by the market. These factors are reflected in the company’s valuation, which appears to be sufficiently de-risked for long-term optimism. As a
Fishman will lead the company’s marketing, creative and corporate communications.
The Dow Jones Industrial Average declined for the ninth straight day as the Federal Reserve kicked o
(Bloomberg) -- US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe S&P 500 and the Nasdaq 100 slid 0.4%. The Dow Jones Industrial Average posted its longest losing streak since 1978. The yield on 10-year Treasuries was little changed at 4.40%. Bloom
(Bloomberg) -- While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe Dow Jones Industrial Average ended the day 0.6% lower for its ninth straight decline, which marks the blue-chip gauge’s longest losing streak since 1978. The 30-stock index is down 3.5% over that stretch.The
(Bloomberg) -- Bond traders have been boosting options and futures wagers that the Federal Reserve is about to signal deeper interest-rate cuts next year than the market anticipates.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearA quarter-point rate reduction is seen as practically a lock on Wednesday, so a key focus will be the Fed’s update of its quarterly projections. I
Tesla stock’s end-of-year rampage rolled on, with shares hitting another high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.
(Bloomberg) -- Japanese gaming stocks are emerging as unlikely winners from Donald Trump’s election, as tech investors seek less exposure to trade uncertainties swirling around China-dependent chipmaking gear companies.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearShares of console and software makers like Sony Group Corp., Nintendo Co. and Capcom Co. have seen double-dig
US cities in the Northeast dominated Zillow's (Z, ZG) list of 10 most-popular markets of 2024 as aff