Wall Street closes higher as Fed minutes reiterate rate cut hopes
All three major U.S. stock indices closed slightly higher on a day that supported expectations of a rate cut in September.
Fed
Wall Street little changed as investors await signals from the Fed
Wall Street's major indices remain subdued as investors await clues about a September rate cut from the minutes of the Federal Reserve's latest meeting and a symposium in Jackson Hole later this week. Markets were choppy after the S&P 500 and Nasdaq extended gains for the eighth straight session on Monday, their longest winning streak … Read more
Meta-murders: Children are fed unfiltered footage of murdered, mutilated and tortured people
Gruesome, unfiltered footage of people being murdered, mutilated and tortured is making its way into the feeds of every smartphone owner – including children, who may become accustomed to violent content they were never intended to see. The internet is now flooded with graphic videos for no reason at all, videos so shocking that they … Read more
David Roche warns: A bear market is looming in 2025, but the Fed will intervene before it becomes “draconian”
Veteran investor David Roche expects a bear market in 2025, which could be caused by smaller-than-expected interest rate cuts, a weakening US economy and an artificial intelligence bubble.
The markets expect that the Fed will avert a recession with significant interest rate cuts
From the market's perspective, the Fed is either able to avert a recession or it is doomed to repeat the mistakes of the recent past.