Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20…
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Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
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Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current…
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch…
A new poll released on Wednesday found that 65% of Democrats say President Biden should drop out following his disastrous debate performance against former President Trump. The AP-NORC survey –…
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Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%
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The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts. The Dow surged by 742.76…
General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary…
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Jerome Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
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Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the…
Shares in gun manufacturers jumped Monday in the wake of the assassination attempt on former President Donald Trump. Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co.…
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Amazon’s Prime Day a ‘major’ cause of worker injuries, Senate probe finds
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Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a “major” cause of worker injuries, according to the preliminary results of a Senate probe. The Senate’s Health, Education, Labor and…
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its…