The Fed is expected to cut interest rates this week, a decision likely to be the start of a gradual decline in how much consumers pay for cars, houses and everything they buy on credit.Just don’t expect sudden changes.Lenders and markets have anticipated a rate cut for weeks, so “this has been priced into the market,” said Jerry Nickelsburg, faculty director of the UCLA Anderson economic forecast.As a result, “We shouldn’t expect this upcoming Fed rate cut or lower mortgage rates to totally reshape California’s housing market, or its overall economy,” said Jacob Channel, senior economist at LendingTree, which tracks…
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WICHITA, Kan. (KWCH) – Family members of the Rose Hill father and son who died last week in a crash involving a wrong-way driver on K-96 in east Wichita are remembering the strength of their bond.Thirty-one-year-old Randall and 11-year-old Eli meant the world to Laveta Henrickson, Randall’s mother and Eli’s grandmother. She said they were inseparable and will be missed by everyone they touched in life.“I feel like I’ve lost everything, my baby and my grandson,” she said.Laveta recalled a final experience Randall enjoyed with Eli.“Well, they were on their way back home because [Randall’s] wife bought him a muzzleloader,…
By Nimesh VoraMUMBAI (Reuters) – The Indian rupee faced resistance on Tuesday following a rise driven by the U.S. dollar’s struggles a day ahead of the Federal Reserve’s highly anticipated interest rate decision.The rupee was at 83.84 to the U.S. dollar at 10:28 a.m. IST, compared with 83.8875 in the previous session.The dollar/rupee pair was running into bids from two large public sector banks, a currency trader said, adding that it was “difficult to know” if they were buying for the Reserve Bank of India or for their clients.Asian currencies were mostly higher and the dollar index was flat at…
(Bloomberg) — Japanese stocks led a regional gauge lower as traders look ahead to decisions from the Federal Reserve and the Bank of Japan this week.Most Read from BloombergThe MSCI AC Asia Pacific Index declined, with the Nikkei 225 falling as much as 2.1% even as benchmarks for Australia and Hong Kong rose. Futures for US stocks slipped after the S&P 500 rose 0.1% while the Nasdaq 100 slid 0.5%, as investors continue to rotate out of the tech megacaps that have powered the bull market.The dollar consolidated after a four-day decline as traders boosted bets the Fed will deliver…
Gov. Josh Shapiro speaks on Monday, Sept. 16, 2024 at the Penn State Dairy Complex prior to a ceremonial bill signing for legislation creating the Agricultural Innovation Fund. From left, Penn State College of Agricultural Sciences Dean Troy Ott, Professor of Entomology Christina Grozinger, Shapiro and state Rep. Paul Takac. Commonwealth Media Services Gov. Josh Shapiro visited Penn State on Monday to discuss the commonwealth’s investments in agricultural research and production, including a new $10 million innovation fund championed by a local state representative to support farmers and boost the ag industry in Pennsylvania. Shapiro, who made agriculture one of…
The 2025 Chevrolet Corvette ZR1 is already an incredibly powerful car, making it one of the strongest American sports cars ever made. It combines speed, precision, and advanced aerodynamics. 2025 Chevrolet Corvette ZR1 (Via Chevrolet) However, Chevrolet offers an optional ZTK Performance Package for those who want to take this supercar to an even higher level of performance. This package, which was also available in the previous C7 ZR1 model, turns the Corvette into a true track monster. The ZTK Performance Package adds features like an aggressive rear wing, front dive planes, and a taller hood Gurney lip, all made…
NEW YORK (AP) — The Dow Jones Industrial Average set a record after a quiet Monday of trading, as Wall Street geared up for the most anticipated meeting of the Federal Reserve in years.The Dow rose 228 points, or 0.6%, to surpass its prior all-time high set a few weeks ago. The S&P 500 index, which is much more comprehensive and widely followed on Wall Street, ticked up by 0.1% to climb within 0.6% of its own record set in July.The Nasdaq composite slipped 0.5% as big technology stocks and other market superstars gave back a bit of their big…
We recently compiled a list of the 35 Non-Tech Stocks With Long-Term Investment Potential. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against the other AI stocks.Investors have been desperately searching for a safer way to play the AI boom that has swept the US stock market over the past few months. Prominent investment bank Goldman Sachs recently released an investor note detailing which sectors of the economy would benefit from the AI craze, replacing obvious bull cases in the technology domain by thoughtful insights on the long-term impact of AI…
Investors watch computer screens displaying stock price figures at a stock exchange hall.Jiang Sheng | Visual China Group | Getty ImagesIt’s getting late into 2024 and the world is still worried about China. From property woes to sluggish economic data, China appears to be suffering from long Covid. The country is still reeling from the effects of widespread lockdowns since 2020, showcased through weaker GDP, a struggling stock market, and high unemployment — dashing hopes of a quick post-pandemic rebound. But amid all the uncertainties, this gloom and doom view isn’t shared by all market thinkers.”Everyone is so down on China. I…
Image source: Getty Images The FTSE 100‘s one of the most followed and popular stock market indexes on the planet. Its diverse mix of large, stable companies, considerable international reach, and record of delivering impressive dividends make it very attractive to investors. Whether I’m a growth, dividend or value investor, the Footsie offers a wealth of opportunities. And what’s more, the index enjoys high levels of liquidity, allowing investors to buy and sell shares cheaply and easily. I hold several FTSE 100 stocks including Legal & General, Rio Tinto and Aviva. But more recently, I’ve been looking at exchange-traded funds…