Apple co-founder Steve “Woz” Wozniak has compared and contrasted the “artificial” U.S. dollar and the “mathematically pure” Bitcoin …
Tag: U.S. Federal Reserve
Disappointing September U.S. jobs report badly misses expectations; Dow futures turn negative
A disappointing September U.S. jobs report released Friday badly missed expectations with nonfarm payrolls rising by just…
Stocks tumble on weak U.S. consumer confidence
U.S. consumer confidence this month unexpectedly fell to its lowest since February, intensifying concerns about the economy’s prospects…
Tech stocks power Nasdaq to records; Apple hits new all-time high
The Nasdaq Composite hit a record high on Wednesday, with high-growth technology stocks in the lead after much-weaker-than-expected…
Wall Street gains as Federal Reserve eases taper fears; Apple hits all-time high
Apple shares jumped 3.1% to an all-time high as the S&P 500 and Nasdaq moved to fresh record highs on Monday, led by technology stocks…
Stock futures slide on growth and inflation fears; Federal Reserve stimulus taper
U.S. stock index futures fell on Thursday on growth and inflation fears and concern the Federal Reserve could begin to rein in its massive …
S&P 500 and Dow indexes fall as U.S. weekly jobless claims hit a two-month high
The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap tech…
Nasdaq closes at record high as Big Tech roars back
The Nasdaq ended at a record high on Tuesday, lifted by Apple, Amazon, and other top-shelf tech companies as investors shifted their focus…
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Key U.S. inflation gauge rises 3.1% year over year, higher than expected
The core personal consumption expenditures price index increased 3.1% in April year-over-year. The Fed considers it the best inflation gauge…
Futures fall as tech stocks lag ahead amid inflation worries
On Wednesday, U.S. stock index futures fell for the third straight session, led by losses in rate-sensitive tech stocks on fears that…
Powered by Apple, the S&P 500 posts biggest August gain since 1986
Not since the Reagan administration has the S&P 500 done this: For the month of August, the S&P showed a gain of 7.01%, its biggest advance…
Tech stocks power S&P 500’s rally; on track for best August in 34 years
The S&P 500, which rallied for the seventh straight session on Friday, is on track for its best August in 34 years, partly powered by…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
The U.S. Federal Reserve is getting awfully close to backing Apple stock
By buying Apple bonds, the U.S. Federal Reserve is getting awfully close to backing Apple stock. As a reminder, it’s the largest U.S. company…
U.S. Fed issues details on bond buys: Apple, AT&T, Jack Daniel’s
The U.S. Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, AT&T, Jack Daniel’s, whose corporate bonds it will…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Federal Reserve slashes rates to zero, restarts QE in historic move to combat coronavirus slowdown
Less than 24 hours after President Donald Trump accused the Federal Reserve on Saturday of not being “aggressive” enough, the Fed slashed rates and…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
Apple helps boost Dow as Fed holds rates steady
Apple today helped to boost the Dow Jones Industrial Average after posting stellar results. The Dow closed today up, the S&P 500 was up, and the Nasdaq was up…
U.S. Federal Reserve cuts rates for first time since 2008
The Federal Reserve cut interest rates by 25 basis points in its policy-setting meeting on July 31..
Dow jumps as Fed keeps rates unchanged, better-than-expected U.S. employment; Apple shares up strongly
U.S. stocks gained after Federal Reserve officials announced they would keep benchmark interest rates….
Futures edge higher as Fed’s move digested; Apple gains
U.S. economic growth is expected to show a 4.2 percent annualized rate in the second quarter…
Stocks trade higher after U.S. Federal Reserve keeps interest rates unchanged
Stocks rose on Wednesday, May 2, after the Federal Reserve decided to keep interest rates unchanged…
Dow and S&P 500 close higher on upbeat U.S. labor market data
Apple shares are now up more than 2% over the last five trading days, moving the company back into the green on the year…
U.S. sees strongest holiday sales since 2010
Growing wages, stronger employment and higher confidence led consumers to spend more than had been expected…
Holiday spending on track to be highest in at least 12 years
Buoyant American attitudes on the economy look set to show up in plentiful, record-setting holiday spending…
Dow rises 5,000 points in a year for the first time ever
The Dow Jones industrial average just did something it has never done in its 121-year history…
U.S. economic optimism soars
A near record number expect the economy to improve in the next year causing President Trump’s approval rating to jump…
U.S. employment jumps more than expected in November, boosts U.S. stocks
A stronger-than-expected pickup in U.S. hiring boosted stocks Friday…
U.S. third-quarter GDP revised to three-year high of 3.3%
The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment…
Goldman Sachs sees U.S. unemployment rate hitting lowest level since the late-1960s
The U.S. economy is heading into 2018 with strong momentum that’s likely to boost wages…
American consumer confidence soars to highest level since December 2000
American consumer confidence increased to its highest level in almost 17 years…
U.S. economy picks up steam; second-quarter GDP up 3.0% reflecting robust consumer spending and strong business investment
Overall Obama presided over the worst recovery since the Great Depression. President Trump’s term has begun with gains that are likely to accelerate…
Federal Reserve Chair Janet Yellen fuels stock market rally
Stocks were at session highs on Wednesday, July 12, as congressional testimony from Federal Reserve Chair Janet Yellen…
Fed raises interest rate, signaling confidence in American economy
Demonstrating confidence in the health of the American economy, the Federal Reserve..
U.S. unemployment rate falls to 10-year low, Apple shares hit new all-time highs
Job creation in April bounced back from a disappointing March…
U.S. Fed, jobs data, and Apple earnings will keep stock-market investors busy
Investors face a fire hose of possible stock-market catalysts during another heavy week of earnings reports…
