Experts Recommend Diversification Amid Market Momentum Category: Personal Finance Total Views: 256
By : Thomas CooperUpdated: 07-09-2024
Stock Futures Rise After Record-Setting SessionTuesday's U.S. stock futures barely changed. The S&P 500 and Nasdaq Composite then set records. Investors' futures were shaped by their expectation of important inflation figures and earnings announcements due later in the week. Future Dow Jones Industrial Average points added 23 points, or 0.06%. Nasdaq-100 futures rose 0.06%; the S&P 500 futures rose 0.3%. Monday's closing of both indices at all-time highs preceded this ris... Continue Reading
Jerome Powell to Address High Loan Costs in Congress Category: Economy Total Views: 248
By : Kelly MartinUpdated: 07-09-2024
Introduction: Powell's Upcoming Testimony Before CongressThis week, Federal Reserve chair Jerome Powell will testify before Congress to answer important concerns regarding excessive borrowing rates. Powell is booked to show before the House Finance Committee on Wednesday and the Senate Banking Committee on Tuesday. He will introduce the last week's Fed semiannual report on monetary policy. Legislators will challenge Powell on the Fed's high interest rate policy meant to lower inf... Continue Reading
Small Business Price and Capital Expenditure Trends Category: Business Total Views: 218
By : Ryan HughesUpdated: 07-09-2024
U.S. Small Business Confidence Hits Six-Month High in JuneThe National Federation of Independent Business (NFIB) reports that in June small-business confidence in the United States hit a six-month high. Rising to 91.5, the Small Business Optimism Index is the highest level since December. The index has stayed below the 50-year average of 98 for 30 straight months even with this increase. This protracted period of below-average confidence exposes continuous worries among small business owners... Continue Reading
Fed Considers Rule Change to Save Big Banks Billions Category: Economy Total Views: 216
By : Henry TurnerUpdated: 07-09-2024
Federal Reserve Considers Rule Change to Save Big Banks BillionsInvestigating a rule change that might save the biggest banks in the nation billions of dollars in capital is the U.S. Federal Reserve. This action is directed on the GSIB surcharge, an additional layer of capital applied on globally significant banks. Introduced in 2015 to improve the safety and soundness of the banks, the GSIB surcharge The Fed is debating changing the fixed 2015 values used in this computation. These changes ... Continue Reading
Best Usenet Newsgroups for Investors Category: Investing Total Views: 244
By : Dominic SandersUpdated: 07-09-2024
Introduction to Usenet Newsgroups for InvestorsIn the world of finance, investors worldwide are known for their keen eye on discovering new, reliable resources to stay ahead of the curve. While multiple online platforms promise financial advice, extracting specific information from them is like finding a needle in a haystack.Luckily for investors, Usenet caters to their needs through structured threads that highlight every aspect of the financial realm in an accessible way.Regardless... Continue Reading
U.S. Crude Oil Sees Fourth Weekly Gain Despite Drop Category: Markets Total Views: 386
By : Caleb PriceUpdated: 07-08-2024
U.S. Crude Oil Prices Drop Amid Hurricane Beryl ConcernsMonday's U.S. crude oil futures dropped almost 1% as traders tracked Hurricane Beryl's influence. The storm touched Gulf Coast production, refining, and export facilities. On Friday, crude prices closed down but showed a fourth straight weekly increase. Recently the benchmark reached a two-month high of $84.52 per barrel. These prices were taken advantage of by traders, which slightly dropped the market. U.S. oil has gained 15.1... Continue Reading
Recognize and Avoid Job Scams in the Digital Era Category: Personal Finance Total Views: 393
By : Riley HayesUpdated: 07-08-2024
Surge in Job Scams Fueled by AI in 2023Consumer reports show a 118% rise in job scams in 2023, a sharp rise. Criminals using artificial intelligence to create appealing employment ads were mostly responsible for this explosion. AI let con artists create more lifelike, appealing employment offers. Usually, these false listings appeared on respectable websites like LinkedIn. This made it more difficult for job seekers to separate actual from false prospects. Criminals masquerading as recruiter... Continue Reading
Wall Street Futures Hold Steady Before Key Economic Events Category: Markets Total Views: 392
By : Hannah LewisUpdated: 07-08-2024
Wall Street Futures Steady Ahead of Busy Economic WeekMonday's Wall Street futures stayed the same while investors got ready for a big week ahead. Important economic events that could affect market mood will abound in the next days. The possible September rate cut by the Federal Reserve especially interests investors. The most recent employment data has strengthened the conviction that a rate reduction could be just around here. Futures show a 77% probability of this shift right now. Pre... Continue Reading
Exxon Mobil Projects Q2 Earnings Boost from Higher Oil Prices Category: Markets Total Views: 415
By : Addison PerryUpdated: 07-08-2024
Exxon Mobil Expects Boost in Q2 Earnings from Oil PricesExxon Mobil expects changes in oil prices to significantly increase its second-quarter earnings. Comparatively to the first quarter, the company expects an increase in its upstream earnings between $300 million and $700 million. The expected increase in income can mostly be ascribed to the higher oil prices seen lately. Rising demand and worldwide market patterns help to explain the surge in oil prices. Exxon Mobil can profit from these... Continue Reading
Investors Brace for Potential Changes in Democratic Candidacy Category: Investing Total Views: 386
By : Lucas YoungUpdated: 07-08-2024
Investors Prepare for Potential Democratic Candidate ChangesInvestors are getting ready for maybe different Democratic presidential candidacies. There is growing conjecture that President Joe Biden might not seek reelection in 2024, which would cause market volatility issues. As uncertainty rises, some investors are creating plans to negotiate possible changes in economic policies. Reflecting worries of increased deficits and inflation, bond yields fell following Biden's dubious performa... Continue Reading
