A look at the day ahead in U.S. and global markets from Mike Dolan Although the Federal Reserve’s “hawkish cut” on Thursday had been broadly expected, markets now fear 4% policy rates will be the floor for the coming year at least – and no further easing until midyear or later. The picture painted by the Fed removes monetary easing as tailwind from the stock market for months and has seen the dollar rocket to its highest in more than two years – bowling over emerging, developed and crypto currencies alike. Lifting their median inflation forecast for next year by…
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Czech Central Bank (CNB) maintained its policy rate at 4.00% on Thursday, pausing its recent sequence of rate cuts, which leads Capital Economics to forecast a resumption of the easing cycle, anticipating a decrease in rates to 3.00% by the end of next year. The decision to hold rates steady aligns with predictions from analysts, including those at Capital Economics. This pause is the first since the CNB initiated a series of rate reductions totaling 300 basis points since December 2023. Central bank officials have indicated a more cautious approach to future monetary easing as the policy rate nears the…
If you’re new to investing and don’t know where to start, the good news is that you have a ton of resources when it comes to learning how to invest. The bad news is that not all of those resources are helpful or accurate. In fact, some of that information — whether it’s on social media or elsewhere — can actually spread falsehoods about investing. This misinformation can cause you to fall into mental traps that may be keeping you from building wealth. Here are five mental traps beginning investors should avoid at all costs and why. 5 mental traps…
The Fed’s latest rate cut could have an impact on the gold market, but there are more factors than just rates at play. Getty Images/iStockphoto This week, the Federal Reserve made its third consecutive interest rate cut of 2024, lowering the federal funds rate by 25 basis points and leaving the target range at 4.25% to 4.50%. This decision builds on the prior Fed rate cuts conducted earlier in the year, one of which was a 50-basis-point reduction in September and the other a 25-basis-point cut in November. Collectively, these moves have reduced the benchmark rate by a full percentage…
Investing.com — The Federal Reserve’s rate cut by 25 basis points was accompanied by a higher inflation projection, on which the Macquarie analysts say with the hawkish tone was influenced not just by economic data but also by potential policy shifts under Donald Trump’s administration. “It must be that its policymakers are collectively also reflecting on Trump’s policy agenda items before they are put into effect, even if they won’t admit to it,” analysts wrote. Jerome Powell referred to the decision as a “close call,” reflecting internal uncertainty about inflation risks. The Fed’s Summary of Economic Projections (SEP) marked a 0.4%…
Full House Resorts Inc . (NASDAQ:) stock has tumbled to a 52-week low, touching down at $4.04, with technical indicators from InvestingPro suggesting the stock is in oversold territory. The company’s beta of 1.9 indicates higher volatility than the broader market. This latest price point underscores a challenging period for the casino and resort operator, which has seen its stock value decline by 26.79% over the past year. Investors are closely monitoring the company’s performance, as it navigates through an environment marked by increased competition and changing consumer habits. The company’s financial health score of 1.53 is labeled as ‘WEAK’…
Summary Thank You for Your Support in 2024 As 2024 draws to a close, we at Argus Research wish you and your colleagues and families a relaxing, joyful, and safe holiday season. It has been our privilege to provide our insights, commentary, forecasts, coverage, and portfolio advice to you for the past 12 months. As always, we remain committed to delivering high-quality, well-researched, and thoughtful advice and recommendations to our clients, and we thank you for choosing to support and partner with us. As we move on to 2025, may we all look forward to a healthy and peaceful start…
Traders work on the floor of the New York Stock Exchange in New York City.Michael M. Santiago | Getty ImagesThe Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss.The 30-stock Dow added 138 points, or 0.3%. The S&P 500 gained 0.2%, alongside the Nasdaq Composite.Shares of artificial intelligence darling Nvidia, which weighed down the Dow in the previous session, traded 2% higher. Gains in financial stocks, including JPMorgan Chase and Bank of America, led the recovery in equities Thursday alongside industrials, health care and utilities.Stocks plunged Wednesday after the Federal Reserve struck a heavy blow against…
The Nasdaq Composite (^IXIC) notched a fresh record high on Monday as most of the Big Tech stocks gained and bitcoin (BTC-USD) hit fresh all-time highs ahead of the Federal Reserve’s final policy decision meeting this week. The Nasdaq moved up 1.2%, with shares of Alphabet (GOOGL, GOOG), Tesla (TSLA), Amazon (AMZN), Apple (AAPL), and Broadcom (AVGO) all closing at fresh records. The S&P 500 (^GSPC) gained almost 0.4%, moving closer to its own record, while the Dow Jones Industrial Average (^DJI) fell 0.2% for its eighth consecutive session in the red. Investors are awaiting the final Federal Reserve meeting…
LAS VEGAS, Nevada, Dec. 19, 2024 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (CPS or the Company) today announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank, N.A to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was announced last month. The amendment increases the capacity of this facility from $225 million to $335 million. Loans under the amended credit agreement will continue to be secured by automobile receivables that CPS now holds or will acquire from dealers in the future. CPS may…