Fed Chief Signals Slow and Steady Rate Reduction Approach
In a Sunday interview, Federal Reserve Chair Jerome Powell said that the bank will cautiously reduce interest rates this year, perhaps moving much more slowly than the market anticipates.
Feb 05, 2024 10:28 AM EST
Meta Announces Dividend Status, but Smart Investors Shift Focus to a More Promising Tech Player
The announcement of Meta Platforms' first-ever dividend was the major surprise in the company's fourth-quarter financial report released last week.
Overhaul of Trump-Era Tax Law May Result in Bigger Refunds
Millions of Americans may receive larger tax refunds this year as a result of a last-minute revision to a tax provision included in President Donald Trump's 2017 Tax Cuts and Jobs Act.
Luxury Giant Shakes Up Watch World: LVMH Targets Billion-Dollar Market with Bold Designs
Luxury behemoth LVMH is attempting to take market share in the world of luxury watches by launching a new watch subsidiary and introducing a number of more expensive models.
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Wages Rising, Jobs Soaring: Can the US Economy Maintain This Momentum?
Employers across the country launched an impressive hiring spree to start 2024, adding 353,000 new positions in January alone, the most recent indication of the economy's resilience in the face of the highest interest rates in two decades.
Feb 03, 2024 3:33 AM EST
Ferrari's Record Year Ignites Investor Excitement for Future
Ferrari is a luxury sports vehicle company that exceeded both the top- and bottom-line earnings projections of Wall Street for the fourth quarter, capping a record-breaking year of profits.
Feb 02, 2024 1:00 PM EST
Ohio Braces for Economic Hit as Intel Hits Pause on Mega Project
Due to market conditions and the sluggish distribution of U.S. grant funds, Intel is postponing the development of its $20 billion chip manufacturing project in Ohio, according to a Wall Street Journal story published on Thursday.
Feb 02, 2024 12:20 PM EST
House Greenlights Expansion of Child Tax Credit, Unveiling Potential Benefits for Millions
The House approved a bill on Wednesday that would prolong certain business tax credits and enhance the important incentive for parents, bringing the Child Tax incentive one step closer to a makeover.
Feb 02, 2024 10:46 AM EST
Will It Last? Experts Weigh In on Mortgage Rate Trend and Housing Market Rebound
As the spring housing market draws near, potential homeowners will be pleased to learn that the average long-term U.S. mortgage rate decreased this week.
Feb 02, 2024 8:29 AM EST
Can Wall Street's Darling Meta Lean on Dollar Deals from Temu and Shein?
Temu and competitor Shein are smearing advertisements on Facebook and Instagram in an attempt to establish their brands and draw customers away from Alibaba's and Amazon.
Feb 01, 2024 2:56 AM EST
Wall Street Secret Revealed: Invest in This Underdog for Dividend Growth That Beats the Giants
The fact that there is no one-size-fits-all formula for success is among the finest things about investing on Wall Street. There's virtually likely a method that can increase your wealth over time, depending on your objectives, level of investing risk tolerance, and hobbies.
Jan 31, 2024 7:50 AM EST
Starbucks Sales Flatline as US Boycotts and China Cools Off
Starbucks failed Wall Street's forecasts with its quarterly profits and revenue announcement on Tuesday, as both its domestic and foreign sales fell short of projections.
Jan 31, 2024 7:10 AM EST
Oklahoma Teachers Scramble To Repay Thousands for Mistaken Bonus
Education authorities in Oklahoma are making an effort to recover incentives totaling at least $290,000 that they inadvertently gave to multiple instructors.
Jan 31, 2024 6:20 AM EST
Investors Ditch Flashy Brands for Understated Luxury Powerhouses
One of the most popular social media fashion trends of the previous year was quiet luxury. Unlike other fads that came and went on TikTok or Instagram, quiet luxury has proven real returns and found its way into investment portfolios.
Jan 31, 2024 5:49 AM EST
Investor Alert: The Vital Link Between Big Tech Earnings and the Ongoing Market Rally
The IT sector still dominates the stock market. While experts have called for a broadening out of the market recovery, new data from FactSet indicates that they believe Big Tech firms will be the primary driver of Q4 earnings growth for the S&P 500.
Jan 31, 2024 1:44 AM EST
Online Shopping Fuels Easy Return Abuse, Costing Retailers Billions
Retailers relaxed their online return conditions more than ever in an attempt to attract customers and increase sales in recent years. But there is a price for such adjustments.
Jan 30, 2024 9:03 PM EST
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