Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. Dreamstime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out … Read more
Text size Bitcoin prices have had a standout January, rallying about 40% since the start of the year. Dreamstime Bitcoin and other cryptocurrencies were slightly lower Monday, paring gains after a rally over the weekend. Crypto traders are awaiting the Federal Reserve decision on interest rates due Wednesday, which is likely to be a catalyst … Read more
Will “ongoing” be outgoing at the Federal Reserve? Or will that key word remain in the central bank’s policy directive? On such a seemingly trivial question may hang the course of interest rates when the Federal Open Market Committee announces the results of its two-day meeting this coming Wednesday afternoon. The Fed’s policy-setting panel is … Read more
Text size Money supply is declining in absolute terms. Further tightening by the U.S. Federal Reserve risks triggering a recession, writes Robert Heller. Al Drago/Bloomberg About the author: Robert Heller is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy today, according to the … Read more
Text size The S&P 500 had its best month since November 2020 in July, gaining 9.1%. Angela Weiss/AFP via Getty Images Stocks dipped to kick off August trading Monday after a wildly good July. Economic data are in focus this week. The Dow Jones Industrial Average closed down 46 points, or 0.1%, while the S&P … Read more
Text size A worse than expected CPI results could derail stocks. Scott Olson/Getty Images While the stock market has enjoyed an impressive run of late, the party could end when the next inflation result comes out in early August. The S&P 500 has gained 13% since hitting its lowest close of the year in mid … Read more
It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will … Read more
It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will … Read more
Text size Inflation and recession concerns have weighed heavily on investors. Ed Jones/AFP via Getty Images The stock market was falling Tuesday after Walmart warned that inflation would eat into its earnings as consumer spending habits changed. By noon, the Dow Jones Industrial Average has slipped 214 points, or 0.7%, while the S&P 500 has … Read more
Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth IRA, after beginning her first job cleaning dental instruments. Now, at 17, Gupta is confronting her first bear … Read more