Boston Fed President Susan Collins. – Andrew Harrer/Bloomberg News Stocks fell Friday, following a solid retail-sales report that could bolster the case that the economy is strong and may not need support in the form of lower borrowing costs. Separately, a Federal Reserve official said it was too soon to say whether the central bank should cut interest rates at its meeting next month. Another rate cut in December is
Efforts to get the Senate to vote on a bill to expand Social Security benefits are intensifying, as the House-passed Social Security Fairness Act enjoys rare bipartisan support but has only a short window of time — six weeks — to be passed. “We’re guardedly optimistic,” Shannon Benton executive director of The Senior Citizens League, or TSCL, an advocacy group devoted to protecting retirement benefits, said. “There is so much
Trump’s Win, Economic Challenges Lead to Tougher Outlook for Renewable Energy Stocks: Morgan Stanley The recent U.S. presidential election results, including a Republican sweep, have raised questions about the future of renewable energy under President-elect Donald Trump’s leadership. Morgan Stanley’s report evaluates the economic impact on renewables under various policy scenarios and its effects on earnings. The analyst has adjusted its view on the clean tech industry to “In-Line” from
Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, said he believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, and that CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 [trillion] or $4 trillion — $5 trillion in 10 years, based upon the business plan that I am aware of.
Nvidia (NVDA) will report its Q3 earnings after the bell next Wednesday, giving Wall Street its best and latest look into the strength of the AI trade. The world’s largest publicly traded company by market cap, Nvidia’s stock price has continued to rocket higher throughout 2024, thanks to the explosive growth in AI across the tech landscape and beyond. Shares of Nvidia were up 189% year to date as of
A mysterious diamond-laden necklace with possible links to a scandal that contributed to the downfall of Marie Antoinette, sold for $4.8 million at an auction in Geneva Wednesday. The 18th century jewel containing around 300 carats of diamonds had been estimated to sell at the Sotheby’s Royal and Noble Jewels sale for $1.8-2.8 million. But after energetic bidding, the hammer price ticked in at 3.55 million Swiss francs ($4 million),
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Check out the companies making headlines in midday trading: Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with Pfizer, shed 5%, while GSK declined about 2%. Even names such as Eli Lilly and
Super Micro Stock Falls as Moment of Truth Nears Source link
In April, just 12 weeks into her pregnancy, Kathleen Clark was standing at the receptionist window of her OB-GYN’s office when she was asked to pay $960, the total the office estimated she would owe after she delivered. Clark, 39, was shocked that she was asked to pay that amount during this second prenatal visit. Normally, patients receive the bill after insurance has paid its part, and for pregnant women
