Now that the Federal Reserve has started cutting rates again, investors may be on the hunt for new sources of income. The central bank lowered the federal funds borrowing rate by 25 basis points — or 0.25 percentage point — on Wednesday. As that rate decreases, yields on short-term assets like money market funds and Treasury bills will follow suit. There is currently a record $7.3 trillion in money market funds, according to the Investment Company Institute . “We are encouraging investors to consider locking in higher yields and to diversify away from excess cash and short-term fixed income positions,”…
Author: usaeverydaylife
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wait is over: The Federal Reserve on Wednesday afternoon cut its benchmark overnight lending rate by a quarter percentage point, bringing its target range to 4% to 4.25%. Of the 12 voting members of the Fed’s policymaking arm, there was only one dissenter: newly appointed Fed Governor Stephen Miran, who also serves as chair of the Council of Economic Advisers in the White House. A close ally of President Donald Trump,…
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, arrives for a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025.Daniel Heuer | Bloomberg | Getty ImagesNewly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut.Miran, who was confirmed by the Senate to the Fed Board of Governors on Monday, was the sole dissenter in the Federal…
Every asset class will be impacted by the Federal Reserve embarking on a rate-cutting cycle. That includes cryptocurrency, and especially Bitcoin , still the largest and most widely followed by a long shot. Even for investors who don’t trade or care about it, Bitcoin matters. Why? It has become a critical risky asset because of its strong positive correlation with the S & P 500 over the last several years. While they don’t always move in lockstep, it is rare for the two to diverge for long. At times, bitcoin leads; other times, the S & P 500 does. In 2025, BTC topped…
WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market.In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%.Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut.Governors Michelle Bowman and Christopher Waller, looked at…
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon on Wednesday introduced an artificial intelligence agent that will help third-party merchants operate their online businesses.The company is adding agentic capabilities to Seller Assistant, its AI tool for third-party sellers, meaning the software can take action on a merchant’s behalf with their permission, Amazon said. The update was announced during Amazon’s annual Accelerate conference for sellers in Seattle.Amazon said tools like Seller Assistant free merchants up to…
Data tracking the sales volume of large trucks in the U.S. is flashing a warning sign about the state of the economy. Heavy trucks sales — or those exceeding 14,000 pounds in gross vehicle weight — have dropped to levels not seen in four years, according to the U.S. Bureau of Economic Analysis. The volume is down more than 15% in August compared with a year ago and 21% compared with the same month in 2023. Economists and investors have historically tracked how much of these vehicles — think tractor-trailers — are being sold in the U.S. as a leading…
Investors should consider investing in powersports and RV stocks in the event that the Federal Reserve cuts the federal funds rate at the conclusion of its two-day policy meeting on Wednesday, according to Citi. “Powersports/leisure vehicles have far and away been the biggest victims of the ‘higher-for-longer’ rate regime, and stand to gain the most in a falling rate environment,” analyst James Hardiman wrote in a note dated Tuesday. The analyst added that RV names like Thor Industries , Winnebago Industries and Camping World Holdings as well as boat names such as Brunswick Corp and MarineMax are “companies perceived to…
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday said its experimental pill outperformed Novo Nordisk’s own oral drug in the first head-to-head study comparing the two medicines in patients with Type 2 diabetes. The late-stage study comes as Eli Lilly’s pill inches closer to becoming another needle-free alternative in the blockbuster market for GLP-1s, without dietary restrictions. But it may be too soon to establish a clear winner in the pill space, as there is no data comparing Eli Lilly’s drug with…
Macroscope employees.MacroscopeIt’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming.Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces.Meanwhile, Beykpour, who spent seven years at Twitter after the acquisition, is back with Macroscope. He said on Wednesday that he’s raised $40 million from venture investors, including GV (formerly Google Ventures), Lightspeed Venture Partners and Thrive Capital.While Periscope targeted a consumer audience, Macroscope is going squarely after businesses. Beykpour’s idea…
