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July 9, 2019 The Week: On Monday, the Federal Reserve announced that it was cutting interest rates for the first time since the financial crisis. The cut was seen as a response to the economic slowdown that has been seen in the U.S. and around the world. The Fed also indicated that it may cut rates further if needed. The news sent stocks soaring, and the U.S. dollar fell sharply against other major currencies. On Tuesday, the Federal Reserve released its quarterly economic report, which showed that the U.S. economy is slowing. The report showed that consumer spending, business investment, and exports were all weaker than expected. The report also showed that inflation has been running below the Fed's 2% target. On Wednesday, the Federal Reserve released the minutes from its June meeting, which showed that officials were split on the decision to cut interest rates. Some officials argued for a larger cut, while others felt that a smaller cut was sufficient. The minutes also showed that the Fed was divided on what to do next, with some arguing for further rate cuts, while others were hesitant to do so. On Thursday, the Labor Department released its monthly jobs report, which showed that the U.S.
Although investors dislike pullbacks in the stock market, the ability to purchase quality stocks at bargain prices is a real advantage for those who have some money parked on the sidelines for such occasions. With real estate investment trusts (REITs), one huge advantage of buying them on pullbacks is the increase in dividend yield you receive. Given the Federal Reserve's recent higher-for-longer adjustment of interest rate cuts for 2024, many REITs have declined significantly in recent weeks an
The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict during his administration and which many of his allies want him to curtail in a potential second term. Trump Media & Technology Group, the company behind Truth Social, filed an application in June 2022 for an H-1B visa for a worker at a $65,000 annual salary, the lowest wage category allowed under the program. Federal immigration data shows the company was approved for a visa a few months later.
(Bloomberg) -- Gold extended losses after its biggest daily decline in almost two years, with easing tension in the Middle East and signs the Federal Reserve will keep rates higher for longer crimping demand.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering, Investors BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to
Property developer Federal Land Communities (FLC) said it plans to introduce a second Hartwood Village next year within the Meadowcrest township in Biñan, Laguna. The 48-hectare Meadowcrest township was unveiled on Monday. Meanwhile, the 11.3-hectare residential development Hartwood Village is scheduled to launch next month. “There is going to be at the very least Hartwood […]
The S&P 500 (SPY) closed at 4,967.23, below 5,000, in reaction to a high inflation report posted weeks earlier. Some Fed officials commented about keeping interest rates high, while one suggested a rate hike. After the markets closed, Reuters reported ...
Take a look at how the number of federal regulations and policies governing research at universities has dramatically increased over the years. This adding an enormous cost of doing research. (Source COGR) pic.twitter.com/ezqAsLUIIj — Denis Wirtz (@deniswirtz) April 20, 2024 Via Matt Yglesias.
"We remain concerned about continued complacency in equity valuations, inflation staying too hot, further Fed repricing, and a profit outlook where the implied acceleration this year might end up too optimistic"