Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.”The central bank’s decision reduces the federal funds rate to a range of 4.75% to 5%. The rate not only determines short-term borrowing costs for banks, but also impacts various consumer products like mortgages, auto loans and credit cards.”The challenge of the Federal Reserve is to keep interest…
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Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the Federal Reserve slashed rates by a half point on Wednesday and what’s on the radar for the next session.Existing home sales due Thursday at 10 a.m. ETStock Chart IconStock chart iconBeazer Homes’ performance in the past monthMorning restaurant reportsCracker…
Some Brazilian users reconnected with X on Wednesday despite the Supreme Court’s recent nationwide ban, the result of the social network apparently changing the way its servers are accessed. The reunion may be short-lived, however.Justice Alexandre de Moraes ordered X blocked nationwide on Aug. 30 after months of tension with billionaire Elon Musk surrounding orders to take down accounts and the limits of free speech in Brazil. He also established fines on anyone using virtual private networks (VPN) to access the platform.That rendered X effectively inaccessible in the country until Wednesday, with AP journalists among those who had access. Experts examining X’s IP…
The WNBA is expanding to Portland by granting the league’s 15th franchise to the city.The team, which was announced Wednesday, will begin play in 2026 and be led by Lisa Bhathal Merage and Alex Bhathal, the owners of the NWSL’s Portland Thorns. The family also has ties to the NBA as Raj Bhathal, their father, is the principal co-owner of the Sacramento Kings and is majority owner Vivek Ranadive’s alternate on the league’s board of governors.The team will play its home games at the Moda Center in downtown Portland, where the NBA’s Trail Blazers also play.“We believe in the transformative…
The Bank of Japan headquarters is seen in Tokyo on January 30, 2017. The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank.Kazuhiro Nogi | Afp | Getty ImagesAsia-Pacific markets opened higher Thursday, following a volatile session on Wall Street as traders assess the Federal Reserve’s decision to cut interest rates by a half-percentage point.Japan’s Nikkei 225 jumped 2.3% and the broad-based Topix added over 2%.South Korea’s blue chip Kospi gained 0.57% and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyBen Emons, FedWatch Advisors chief investment officer and founder, joins ‘Fast Money’ with reaction to today’s rate cut.05:153 minutes ago Source link
Republican presidential nominee, former U.S. President Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles on September 13, 2024 in Rancho Palos Verdes, California.Mario Tama | Getty ImagesIranian hackers sought to interest President Joe Biden’s campaign in information stolen from rival Donald Trump’s campaign, sending unsolicited emails to people connected to the Democratic president in an effort to interfere in the 2024 election, the FBI and other federal agencies said Wednesday.There’s no evidence that any of the recipients responded, officials said, preventing the hacked information from surfacing in the final months of the closely contested…
Tuesday night was supposed to be a celebration for the Los Angeles Sparks, their fan appreciation night on the final home game of the regular season. It was also an opportunity for the Southern California crowd to honor one of its own, as Phoenix Mercury legend Diana Taurasi played what could be her final professional game in Los Angeles.Instead, the contest was marred by an altercation between Sparks rookie Rickea Jackson and Mercury star Brittney Griner. Both were ejected with 18.8 seconds to play in the first half after a conversation between the two following a free-throw box out escalated…
India is becoming a hot market for investment thanks to its booming economy, stable currency, strong stock market and growing working age population. Franklin Templeton’s Yi Ping Liao describes the South Asian country as “a fertile hunting ground to identify stocks.” “India has much more stable sort of macro environment compared to other countries. And if this continues, you can potentially see lower equity risk premiums for the market,” the assistant portfolio manager told CNBC Pro on Sept. 12. Liao is part of Franklin Templeton’s emerging markets equity Asia strategy team, which has $2.9 billion in asset under management across…
Orphe Divounguy, Zillow, joins ‘Fast Money’ to talk the impact of rate cuts on housing affordability. Source link
