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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

Major U.S. stock indexes surged in afternoon trading Friday, as a volatile week of equities trading gets set to draw to a close. The Dow Jones Industrial Average was up 0.4% recent trading, while the Nasdaq Composite and S&P 500 were both up 0.7%. All three indexes closed sharply higher on Thursday, with the S&P 500 and Nasdaq recording their biggest one-day point gains since 2022, as the economic concerns that had roiled the market for the past week subsided after a benign weekly jobless claims report.

Dow Jones Today: Stocks Move Higher; S&P 500, Nasdaq Back in the Green for the Week

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

TheStreet

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

Recent filings show that Warren Buffett has trimmed his Apple and Bank of America stakes. This is not the first time Buffett has sold stock in recent months, suggesting he may be puzzled by the economy's overall state. As usual with Buffett, he's found an extremely savvy way to use...

Prediction: Buffett's Decision to Offload Apple and Bank of America Stock Could Pay Off In Spades. Here's Why.

J.P. Morgan Asset Management announced on Thursday a retirement income investment leveraging a target-date fund with a guaranteed annuity payout in retirement. The firm’s SmartRetirement Lifetime Income TDF is designed to provide a stream of income payments in retirement through annuities from participating insurance companies, according to the announcement.

JP Morgan Announces Lifetime Income TDF

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

 Warren Buffett is betting big on this beauty brand. Warren Buffett’s Berkshire Hathaway halved its stake in Apple in the second quarter, a selloff that could cost the Omaha-based conglomerate more than what Coca-Cola brings in in a year. Suggested Reading. The average price of Apple stock that...

Warren Buffett's Apple stock selloff will cost $15 billion in taxes — more than what Coca-Cola makes in a year

Detroit, MI

United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon. Fain accused the chief executive of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. The comments are the latest in an ongoing...

UAW president slams Stellantis CEO over job cuts, alleged price gouging

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

Power demand from data centers is expected to triple by 2030 as the use of artificial intelligence scales up at a rapid pace, driving an explosion in renewable energy and natural gas, according to Mizuho Securities. The demand from data centers will reach 400 terawatt hours, or 50 gigawatts annually,...

The long-term winners as AI boosts U.S. power needs, according to Mizuho

Brian Belski, Chief Investment Strategist at BMO Capital Markets, joins 'Halftime Report' to explain why he's buying the big box retailer.

Trade Tracker: Brian Belski buys Walmart

There are many reasons to celebrate the BlackRock Flexible Income ETF (BINC). The actively managed multisector ETF launched less than 15 months ago. It is already approaching $4 billion in assets. It’s also now among the larger active fixed income ETFs joining products from Fidelity, JPMorgan, and PIMCO. BINC...

Golden Age for Fixed Income at BlackRock

As tech stocks continue to surge higher, John Stoltzfus of Oppenheimer Asset Management discusses what's driving that run-up, and compares it to rallies in the past.

Stoltzfus: Tech run-up is a watershed event

Shares of the Irvine, California-based company were down 5%. The production halt is the latest in a series of supply chain challenges for Rivian, which, like other EV makers, has grappled with significant production issues over the past two years due to supplier shortages. Amazon, Rivian's largest investor with a...

EV maker Rivian halts production of Amazon delivery vans amid parts shortage

When he was 27 years old, Bernard Meyer moved from the U.S. to Lithuania: the world's happiest country for young people. After over a decade in northeastern Europe, he says earning less money is worth the sacrifice for a much better quality of life. Meyer, a senior communications and creative...

Earn less, relax more: An American who moved to Lithuania describes life in the world’s happiest country for young people

Reuters

LAUNCESTON, Australia (Reuters) -Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may become a victim of its own success, with consumer buying at risk from the surge in prices.

Gold's run to record high may crimp demand: Russell

Vice President Kamala Harris on Friday called for an expanded child tax credit, which has been a priority for Democrats. Her plan would restore up to $3,600 per child or up to $6,000 in total benefits for middle- and low-income families during the first year of a child's life. The...

Harris calls for expanded child tax credit of up to $6,000 for families with newborns

CNBC's Robert Frank joins 'Fast Money' to talk changing demographics in the car collecting market.

Car collectors shifting gears as younger buyers and cars enter the market

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

NewsBreak

A Fed rate cut will be 'next big catalyst' for new-highs in markets, says Courtney Garcia

Kevin Gordon, Charles Schwab senior investment strategist, and Courtney Garcia, Payne...

A Fed rate cut will be 'next big catalyst' for new-highs in markets, says Courtney Garcia

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