Fed Chair Powell Confirms Delayed Rate Cuts
The market came under pressure this week following Fed Chair Jerome Powell’s comments about inflation that were less than enthusiastic. While speaking at a policy forum focused on US-Canada economic relations, Powell articulated that the first quarter’s sticky inflation data means market-rate cuts will happen later than initially hoped. The Fed’s benchmark interest rate is the highest it’s been [...]
United Airlines Soars on Strong Earnings: Should You Look Past Boeing Concerns and Buy UAL?
Shares of United Airlines (UAL) are cruising higher after a solid first-quarter performance in which the airliner had to overcome a myriad of adversities. The stock is up 13% so far today after delivering a better-than-expected top and bottom line. Revenue of $12.54 billion represented a nearly 10% growth year over year and narrowly outpaced the $12.43 billion analysts [...]
The Top 10 Best Investment Apps for Beginners in 2024
Getting started investing as a beginner can be overwhelming, filled with complex terminology and all sorts of nuances. Missteps can cost you greatly, and this stress leads to many sitting on the sidelines never actually diving in and taking action. But, it doesn’t have to be this way. We’re here to help you feel confident getting started by unpacking the [...]
Live Nation Takes 7% Loss Amidst Antitrust Suit: Should You Cut Losses on LYV While You Still Can?
Live Nation (LYV) has fallen around 7% so far Tuesday morning after news broke Monday after the market closed that the entertainment company could be in hot water with the Justice Department. While both Live Nation Entertainment Inc. and the Justice Department themselves chose to keep quiet on the matter, a source at Wall Street Journal is reporting an [...]
Adidas Gains 5% on Double Upgrade and Pro Partnerships, But Is it Really Time to Buy ADDYY?
Adidas (ADDYY) is running in the right direction Monday morning after getting a double upgrade from Morgan Stanley analysts. A team led by Edouard Aubin moved their position from underweight up two notches to overweight, taking a bullish stance on the athleticwear and shoe brand. This comes after Aubin and his team noted an uptick in momentum and investor [...]
Last Week’s Market Rollercoaster: A Week of Caution, Mixed Results, and Interest Rate Concerns
Monday: Wall Street started cautiously, awaiting key inflation data later in the week. The Dow dropped marginally by 0.03%, the S&P500 dipped slightly by 0.04%, and the Nasdaq saw a modest increase of 0.03%. Tuesday: The market remained choppy, with mixed results. The Dow decreased by 0.02%, the S&P500 rose by 0.1%, and the Nasdaq gained 0.3%. Wednesday: The [...]
