The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years. The central bank also said it plans to start selling off its nearly $9 trillion stockpile of Treasury bonds and mortgage-backed securities
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After Fisker (NYSE:FSR) announced that it had received more than 40,000 reservations for its Ocean SUV and its stock tumbled, the outlook of FSR stock has greatly improved. Also making me more confident in Fisker are its decisions to offer a cheaper electric vehicle (EV) and a decent warranty. In light of the automaker’s valuation,
Dear Quentin, I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on your own in my city, and it also helps relieve a lot of financial stress on
Amazon (NASDAQ:AMZN) is down 15% since it released its first-quarter results on April 28. The online merchant had a massive outflow of free cash flow (FCF) in the last 12 months. This does not bode well for AMZN stock going forward. The reason is its FCF, after including repayments of finance leases and financing obligations, was
An economic downturn appears to be in the cards. And that could put some homeowners in a tight spot. Fears of a recession were stoked last week when data showed that the U.S. economy shrank in the first quarter at a 1.4% annualized rate. Roger Ferguson, who previously served as a Federal Reserve governor, said
Twilio (TWLO) has surface-level appeal from a revenue-growth standpoint On the other hand, the company isn’t profitable, and is only digging a deeper financial hole for itself Investors should consider just avoiding Twilio altogether, even if they feel strongly about the future of cloud-based digital communications Source: Tada Images / Shutterstock.com At first glance, cloud-communications
SYDNEY–The Reserve Bank of Australia raised its official cash rate for the first time since November 2010 on Tuesday to tame inflation, which surged to its highest level in 20 years. The official cash rate was raised to 0.35% from a record low 0.10%, a move that was bigger than expected by many economists, with
After the S&P 500 tumbled sharply so far in 2022, SPDR S&P 500 ETF Trust (NYSEArca: SPY) stock is looking much more attractive than it was six months ago and a year ago. And, as a result of upcoming, positive macro drivers, I do expect the ETF to climb significantly in the near term, medium
U.S. stock futures pointed higher Monday after the worst month for equities since the U.S. economy was first slammed by the emergence of coronavirus. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.53% rose 91 points, or 0.3% to 32973. Futures on the S&P 500 ES00, +0.48% gained 11.75 points, or 0.3%, to
GameStop (GME) is a hedge fund slayer, but in need of a bit of help. Its financial metrics are at odds with its stock prowess. Trading the ranges tactically may be where the easiest gains lie. Source: Shutterstock / mundissima In order to describe GameStop (NYSE:GME) stock I would need to use terms like resilient
New Zealand and other nations are set to sign on to President Joe Biden’s signature economic initiative for Asia, Prime Minister Jacinda Ardern said Monday, while still signaling a preference for the U.S. to join a regional trade deal rejected under the Trump administration. Biden’s proposed Indo-Pacific Economic Framework is meant to show the U.S.’s
The earnings train steams along. After a week of largely positive quarterly results from leading technology companies, the focus in the coming days turns to leading blue-chip companies, many of which are household names. Over the next week, we will hear from several top tier prescription drug makers, travel companies, technology companies, and food and
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears of a hard-landing recession. As confidence got pummeled as well, financial experts recommended that investors not panic, but think about
Costco (NASDAQ:COST) is an incredible retail machine. COST stock keeps on going up and up; it has nearly doubled since the beginning of 2020 and it’s up more than 200% over the past five years. This has started to attract some naysayers who say that Costco should be selling off like so many other companies that
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of my house. I am unsure what to do with this and have considered contacting a financial
If the backdrop of electric vehicle (EV) focused shell company Gores Guggenheim (NASDAQ:GGPI) only featured soaring gasoline prices with all other factors being normal (as in pre-pandemic normal), then GGPI stock may very well be a buy. Who wouldn’t want to make the transition to EVs, especially in car crazy California, where the average per-gallon
Are you financially better off than you were a year ago? More Americans are saying no, according to a new Gallup poll reaffirming how steep costs are grinding people’s budgets and their financial confidence. Fewer than half (46%) of the poll participants said their current money situation was good or excellent, versus 57% who said
After the market closed on April 26, Quantumscape (NYSE:QS) reported its results for the March quarter. QS stock has been up since then, but it should be noted that tech stocks overall rallied on April 28. Not only that, on the day of earnings, tech stocks were down big for the day. In short, it’s
An ugly end to a cruel April on Friday saw the S&P 500 post its second correction — a drop of 10% from a recent peak — so far this year. The large-cap benchmark SPX, -3.63% ended a topsy-turvy week with a 3.6% fall on Friday, closing at 4,131.93, its lowest finish since May 19,
WeWork (NYSE:WE) stock is down more than 2.51% today at $7.07 per share. The global co-working leader underperformed the market on the day and dipped 24.27% on the year, despite strong co-working demand. The company’s weak financials and high debt should continue to weigh on the stock in the near term as investors continue to dump