24/7 Wall St.

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
The post Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar appeared first on 24/7 Wall St..

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

Business Insider

The US economy has two imbalances that could tip it into a downturn, according to economist David Rosenberg.

Rising household debt and shrinking incomes are setting the stage for a recession, top economist says

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

Texas State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Sean Kernan

Wall Street experienced a tumultuous day on Monday as major indexes fell by leaps and bounds, fueled by increasing concerns over a potential recession. This market volatility has sparked fears of economic instability, with potential implications for investments and everyday financial decisions. However, a Texas-based economic expert suggests that the panic may be unwarranted.

Texas Economist Says Falling Stock Market a "Massive Overaction"

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

Louisiana State

California State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you have a long-term savings goal, like saving up for a down payment on...

Best 5-year CD rates of August 2024 (up to 4.75% APY)

Wyoming State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

WyoFile

Fresh off a regulatory defeat, and amid ongoing legal battles and skyrocketing wildfire liability costs, Rocky Mountain Power is once again asking to charge its Wyoming customers more for electricity.

Rocky Mountain Power wants to hike rates again, this time by $123.5 million, or 14.7%

The Federal Reserve voted to leave the federal funds rate steady again when it met on Wednesday, citing “real progress” on the inflation front. This decision follows three months of cooling inflation numbers, leaving many experts to believe rate cuts could start as soon as September. However, the...

Best CD Rates Today -- APYs Hold High Following Fed Decision, Aug. 2, 2024

The foods in your daily diet play a major role in how healthy you are and how long a life you live. In fact, one of the key practices of people living in blue zones is eating a diet of mostly plant-based foods of fruits, vegetables and nuts. In past...

100-year-olds share what they always eat—and what they never do: 'I don't drink soda at all'

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

In a series of candid remarks, JPMorgan Chase CEO Jamie Dimon has once again issued a stark warning about the U.S. economy’s potential descent into recession. Speaking at various forums, including a notable interview on CNBC, Dimon detailed his concerns, highlighting several economic indicators that suggest turbulent times ahead.

Jamie Dimon Predicts Economic Turbulence: An Analysis of JPMorgan CEO’s Recession Warning

Richmond Fed President Tom Barkin said that continued labor market strength, along with slow progress on inflation, gave the Federal Reserve more time to evaluate data before considering an interest rate cut. Barkin’s comments come after the Federal Reserve kept interest rates at decades-high levels at its recent July meeting....

Fed Official Says Economy Showing Strength, No Need to Rush Interest Rate Cut

Indiana State

Mississippi State

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year's least-expensive state to retire may be a good fit for you. For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.

The 10 most affordable U.S. states for retirement in 2024: Half are in the South

Barry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss why it might be too soon to jump back into equities, where the S&P 500 will get to later this year, and his inflation concerns.

There is risk of a bear market if the slowdown becomes a recession: Stifel's Barry Bannister

North Carolina State

Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

My family is from the Greek island of Ikaria, a Blue Zone renowned for the longevity of its inhabitants. To us, garlic has long been more than "just" an ingredient. Garlic is one of the defining components of the Mediterranean diet. I use it every day at almost every meal when I cook for myself or my family. During the weeks I run my cooking classes on the island, we use so much of it that one of my kitchen assistants takes half a dozen or so heads of garlic home with her each night to peel and store in water for the following day.

On the Greek island of longevity, where people often live to 100, we swear by this ingredient: 'I use it every day'

The Biden administration unveiled a new, multi-agency regulatory effort to target corporate practices that officials claim are designed to waste consumers' time and needlessly burden them with red tape. "In all of these practices, the companies are delaying services to you, or really trying to make it so difficult for...

White House launches broad new regulatory effort, as Harris prepares to unveil economic plan

NewsBreak

‘Absolutely no need’ for the Fed to cut by 50 basis points in September, economist says

Mohit Kumar, chief financial economist for Europe at Jefferies,...

‘Absolutely no need’ for the Fed to cut by 50 basis points in September, economist says

Comments / 0