Columbus, OH

Reuters

(Reuters) -Gains in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious ahead of key economic data later this week. The travel and leisure and banking sectors were the top gainers for the day, rising 0.7% and 0.9% respectively. The pan-European STOXX 600 index edged 0.2% higher to 518.88 points.

Travel, banking stocks lift European shares with data in focus

On Monday, BlackRock's record-breaking iShares Bitcoin Trust (IBIT) managed to attract an eye-popping $224 million worth of inflows. The net flows for Aug. 26 stand for $202 million. Apart from BlackRock's IBIT, Franklin Bitcoin ETF (EZBC) and WisdomTree Bitcoin Fund (BTCW) are in the green with $5.5 million and $5.1 million worth of inflows, respectively.

Bitcoin (BTC) Price Under Pressure Despite Massive Inflows of BlackRock ETF

Gold prices climbed 1% as the dollar and Treasury yields retreated following Federal Reserve Chair Jerome Powell comments signaling an interest rate cut in September. Spot gold rose 1.15% to $2,511.91 per ounce, but was off a record high of $2,531.60 hit on Tuesday. U.S. gold futures gained 1.19% to $2,546.70.

Gold gains 1% as Powell comments hint at September cut

Gold prices fell on Tuesday, weighed down by higher U.S. bond yields, as markets await inflation data that could shed light on the scale of an expected interest rate cut from the Federal Reserve next month. Spot gold fell 0.2% to $2,512.63 per ounce, having eased from the record high...

Gold retreats as US yields firm; market awaits further Fed guidance

The euro is in negative territory on Monday. In the European session, EUR/USD is trading at 1.1156 at the time of writing, down 0.32% on the day. The euro posted strong gains on Friday, rising 0.73% and breaking above 1.12 for the first time since July 17. Dollar slides after...

EUR/USD dips as German business climate falls

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

Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Virginia 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

Margaret Minnicks

According to WTKR, Big Lots is closing about 315 of its stores across the United States. An earlier version of this story stated that 42 stores in Virginia would close. However, an updates states that only nine stores in Virginia are closing.

Big Lots will close nine stores in Virginia

CBS DFW

Federal Reserve Chair Jerome Powell said "the time has come" for the central bank to adjust its monetary policy, signaling that rate cuts could soon lower borrowing costs for American consumers and businesses.Powell, who spoke at an annual conference of central bankers in Jackson Hole, Wyoming, didn't disclose specifics about when a rate cut could arrive, or its size, although economists have penciled in a reduction at the Fed's September 18 meeting. The federal funds rate now stands in a range of 5.25% to 5.5%, its highest level in 23 years. In conveying that the Fed is likely to start cutting...

Fed Chair Jerome Powell signals "time has come" for interest rate cuts

Markets Insider

Here are 20 of the best stocks that Morgan Stanley says to own now as the gaps between winning and losing companies widen.

20 stocks to buy for up to 62% upside in a market full of opportunities: Morgan Stanley

Jackson, WY

Lower federal interest rates could be coming as soon as next month, although Federal Reserve Chair Jerome Powell declined to commit to an exact date when speaking Friday at an economic symposium in Jackson Hole, WY. The Fed raised rates 11 times from March 2022 through July 2023, so this...

Fed chair signals possible rate cut ahead of September meeting

NEW YORK (Reuters) - Traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in the shares of the world's most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s...

Nvidia Results Could Spur Record $300 Billion Swing in Shares, Options Show

North Carolina State

Charlotte, NC

Town Talks

We all like to think we're tidy, with our moms' voices reminding us to make our beds, do the dishes, and clean the bathrooms. But sometimes, we fall short. Did you know that more than 1.57 million Americans live without a toilet or tap at home? The lack of basic water sanitation costs the U.S. economy $8.58 billion every year, according to a report produced by DigDee.

North Carolina City Has Been Named Among The 'Dirtiest' In America

New York Post

The Dow hit an all-time high Monday, tuned negative but still managed a record close, as investors awaited inflation data for clues about the path of interest-rate cuts by the Federal Reserve.

The Dow Jones Industrial Average surged as much as 245 points to an intraday record of 41,420 before paring gains. Its previous record high was 41,376, reached on July 18.

The blue chip index closed up 65.44 points, or 0.2% to 41,240, breaking its previous record close of 41,198.08 on July 17. The S&P 500 fell 0.3%, and the Nasdaq slipped 0.9%.



Nvidia dropped 2.3% ahead of its report on Wednesday in what is...

Dow closes at record high as Fed-fueled rally continues on Wall Street

The Associated Press

Wall Street notched another record high Tuesday, even as major stock indexes barely budged after a listless day of trading. The Dow Jones Industrial Average rose 9 points, or less than 0.1%, which was good enough for its second all-time high in two days. The index is on an eight-day winning streak.

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading

Kiplinger

Fed Chair Powell's Jackson Hole speech struck a dovish tone which sent stocks soaring Friday.

Stock Market Today: Stocks Pop After Powell's Jackson Hole Speech

"I think it's hard for a recession to find something to bite on, a vulnerability to bring us down," Wall Street veteran Jim Paulsen said.

The Fed has opened the door for 'a brand new bull market' in stocks, Wall Street strategist Jim Paulsen says

The current upward trend in silver may interest investors as it is expected to reach potential highs of. This rise is attributed to an increased industrial use of silver and a weakening USD environment. Simultaneously, potential disruptions to silver mining operations due to global uncertainties are raising supply concerns. However,...

Silver on the rise amid market volatility

The U.S. 10-year Treasury yield was flat on Monday after Federal Reserve Chair Jerome Powell last week gave his strongest indication yet that rate cuts are near. The yield on the 10-year Treasury was flat at 3.81%, while the 2-year Treasury yield was 2 basis points higher to 3.932%. Yields...

10-year Treasury yield steadies after Powell boosts expectations of Fed rate cut

Colorado 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

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

The S&P 500 rose by 3.9% over five days as major indexes reversed the sharp sell-off earlier this month.

S&P 500 caps off its best week of the year after strong economic data

NewsBreak

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank...

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

Comments / 0