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Global stocks hit record highs as more countries join in the rally
More global stocks are joining in the rally, and that’s a good thing — especially for U.S. markets. Global stock-market breadth has improved this year, as the number of international markets near or
Here’s Why Americans Are Confused and Angry About the Economy
There’s plenty of data that says the economy is doing well but inflation still leaves consumers angry and frustrated.
Target to cut prices on 5,000 items in bid to lure cash-strapped customers
Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.
McKinney-based Independent Bank Group acquired in $2 billion deal
Florida-based SouthState Bank will acquire McKinney-based Independent Bank Group in a deal valued at approximately $2 billion. The unanimously approved acquisition should close by the end of the
As their customers age, department stores chase younger shoppers
Macy’s, Kohl’s and Nordstrom face an existential crisis as their shoppers age. Will help from brands like Sephora, Toys R Us and Skims be enough?
Analysts race to revamp Nvidia price targets ahead of earnings
Nvidia pricing power in focus. Barclays analyst Blayne Curtis, who added $250 to his Nvidia price target, taking it to $1,100 a share, also
Wall Street’s biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns
Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”
Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
Goldman Sachs head of strategy Mintzberg to replace Sonnenshein as Grayscale CEO
After 10 years at Grayscale, Michael Sonnenshein will be replaced by Peter Mintzberg, global head of strategy for asset and wealth management at Goldman Sachs, according to a statement issued Monday
JPMorgan Hikes Guidance for Net Interest Income. Wall Street Was Counting On It.
The move is a signal that the biggest U.S. bank expects it can gain from the Federal Reserve delaying cuts to interest rates.
Gold prices have hit a record high
Gold prices hit a new record high Monday, with futures briefly topping $2,427 a troy ounce. It’s still around that level. More broadly speaking, it is 17.1% more expensive now than it was at the
Why Jay Powell really wants to lower interest rates this September
Markets rallied to new record highs last week after inflation cooled, stoking hopes that the Federal Reserve could start cutting interest rates as soon as September.
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