Several flags including that of the United States, Cambodia, the European Union, Japan and ASEAN are seen outside a building in Krong Siem Reap, Cambodia, on July 27, 2025.Anadolu | Anadolu | Getty ImagesAsian central banks may find more room to ease policy after the Federal Reserve cut interest rates by a quarter percentage point Wednesday and signaled more reductions ahead, as the region contends with trade headwinds and currency pressures.The cut brought the Fed’s benchmark overnight lending rate to 4%-4.25%. Fed Chair Jerome Powell framed the decision as a “risk management cut,” rather than something more directed at shoring…
Author: usaeverydaylife
The recent rate cut from the Federal Reserve will likely not be the last this year, which means investors need to start assessing their cash allocations, according to UBS. There is $7.3 trillion in cash sitting in money market funds, close to a record, according to the Investment Company Institute . But the solid rates people have been enjoying in money markets and other cash-equivalent investments will resume their decline now that the Fed is easing policy again. The annualized seven-day yield on the Crane 100 list of the 100 largest taxable money funds was 4.09%, as of Thursday. In…
RBC Lori Calvasina joins the ‘Fast Money’ traders to discuss her new S&P 500 price target for 2026. Source link
The stock market reached records again this week, propelled by the Federal Reserve’s decision to cut interest rates for the first time since last December. The S & P 500 and Nasdaq hit a number of all-time closing highs this week, one as recently as Friday, after the Fed announced a quarter-point reduction to the overnight lending rate Wednesday afternoon. Central bankers signaled there could be two more cuts in 2025. This Fed’s decision puts the benchmark funds rate in a range between 4% to 4.25%. While stocks were initially up and down on Wednesday’s news, investors ultimately celebrated the…
CrowdStrike logo is seen in this illustration taken July 29, 2024. Dado Ruvic | ReutersCrowdStrike shares popped about 13%, a day after the cybersecurity firm issued better-than-expected long-term guidance at its investor day.The company on Wednesday said it expects net new annual recurring revenues to grow at least 20% in 2027, ahead of analysts’ expectations. CrowdStrike plans for ARR to hit $10 billion by 2031, and then double to $20 billion by 2036.Earlier this week, the firm said it was buying AI security platform Pangea and announced a partnership with Salesforce.”CrowdStrike is by far the most advanced security platform in…
Commodities could soar after the Federal Reserve’s quarter-point interest rate cut this week, though this will depend on whether the U.S. manages to avoid a recession, according to JPMorgan. “Historically, commodities have generated positive returns both leading up to and following the first Fed cut,” JPMorgan analysts led by Natasha Kaneva told clients in a Thursday note. “However, the nature of the cutting cycle is crucial.” Commodities generate strong returns if the Fed cuts when economic growth is firm and inflation is on the decline, the analysts said. But they tumble if the cut comes when inflation is stubborn, growth…
American Express platinum business card.Courtesy: American ExpressAmerican Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders.The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695.But consumers can now tap $3,500 in annual benefits, according to American Express, mostly in the form of credits offsetting purchases made on the card, more than twice the previous level.The perks include credits at Uber, Lululemon, Oura, the restaurant booking platform Resy, and enhanced hotel and streaming benefits,…
A sign is posted in front of Workday headquarters on Feb. 6, 2025 in Pleasanton, California.Justin Sullivan | Getty ImagesCompany: Workday (WDAY)Business: Workday is a provider of an artificial intelligence platform to help organizations manage their people, money and agents. The company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers financial management, spend management, human capital management, planning, and analytics applications. The company sells its solutions worldwide primarily through direct sales.…
The ‘Fast Money’ traders talk markets hitting new record highs including the Russell 2000. Source link
Torsten Asmus | Istock | Getty ImagesLonger-term Treasury yields jumped this week, flying in the face of the Federal Reserve’s interest rate cut, as bond investors didn’t get the assurances they sought.The 10-year Treasury yield jumped as high as 4.145% after briefly falling below 4% this week. The 30-year Treasury yield — closely followed for its connection to home mortgages — traded around 4.76%, up from a low of 4.604% earlier in the week.Stock Chart IconStock chart icon10-year Treasury yield, 1 monthThe Fed lowered its benchmark lending rate a quarter percentage point to 4.00%-4.25% at the end of its meeting…
