Posts with tag: social media
The market is trading near record highs, but concerning economic trends suggest a slowdown. Economic growth is slowing, the consumer is softening, housing is weak, and government spending is slowing. The Fed's pause in rate cuts, in a slowing economy, is de facto raising rates. Long-term rates and stocks are expected to fall.
Published on: February 25, 2025, 05:03 PM UTC
Interest rates decrease on most mortgage terms today. Zillow reports that the 30-year fixed rate is down by four basis points to 6.50%. Today could be a good day to interview real estate agents, shop for mortgage lenders, or go for house hunting.
Published on: February 22, 2025, 12:01 PM UTC
CVS Health has cut bonuses for some employees due to low profit levels in 2024, driven by higher costs in Medicare plans and increased healthcare expenses.
Published on: February 22, 2025, 12:00 AM UTC
Corporate Diversity Programs Face Rollbacks Amid Changing Landscape
Published on: February 21, 2025, 09:02 PM UTC
Elon Musk's cost-cutting commission aims to save $500 billion, leading to a potential "DOGE dividend" of $5,000 for American taxpayers. However, tax cuts and IRS funding reductions could add $4 trillion to the national debt, potentially outweighing any savings from DOGE and tariffs.
Published on: February 21, 2025, 08:01 PM UTC
Elon Musk is calling for transparency and accountability at the Federal Reserve, indicating plans for an audit at the Conservative Political Action Conference. The Fed is required to have annual financial audits but some, like Congressman Ron Paul, have pushed for a broader audit including private deliberations on interest rate policy. Fed Chair Powell has expressed concerns about political pressure and constraints on the Fed's ability to respond to crises resulting from such an audit.
Published on: February 21, 2025, 04:02 PM UTC
JPMorgan forecasts no performance-linked dividend for Saudi Aramco in 2025, predicting a more balanced cash cycle after bumper results funded special payouts in 2022/23.
Published on: February 21, 2025, 03:04 PM UTC
US equity funds saw inflows for the first time in three weeks as inflation concerns eased and strong corporate earnings boosted risk appetite.
Published on: February 21, 2025, 02:06 PM UTC
Nasdaq 100 futures gain on strong Alibaba earnings; European stocks rise on resilient profits and peace talk optimism; US equities lag behind.
Published on: February 21, 2025, 02:04 PM UTC
Canadian retail sales fell unexpectedly in January after a holiday surge, contracting for the first time in seven months as consumers tightened spending amid rising interest rates.
Published on: February 21, 2025, 02:04 PM UTC