Assassination Attempt on Trump Sparks Market Reactions
Category: Markets Total Views: 323By : Evelyn Baker Updated: 07-14-2024
Authorities Investigate Assassination Attempt on Trump
The shooting at Trump's rally is being handled by authorities as an attempt at assassination. The attack has spurred a comprehensive inquiry and generated security questions. Trump stayed calm and rapidly reassured his supporters, his face covered with blood. Comparisons to the 1981 attempt on Ronald Reagan's life have been made in reference to the incident These days, officials are more concerned in determining the as... Read More
Big Tech Stocks vs. Small Caps: Investment Choices Ahead
Category: Stocks Total Views: 336By : Owen Jenkins Updated: 07-13-2024
Interest Rate Cuts: A Fork in the Road for Investors
Rising U.S. interest rate cuts force investors with difficult decisions. They must decide whether to keep with Big Tech stocks or venture into less-loved sectors of the market. Investing in large tech companies including Nvidia, Microsoft, and Amazon has been quite profitable starting early 2023. But the low inflation data recently has raised hopes for a Federal Reserve rate cut near term. Many industry sectors that have lagged ... Read More
Restrictive NDAs at OpenAI Spark SEC Investigation Call
Category: Business Total Views: 269By : Logan Wright Updated: 07-13-2024
OpenAI Whistleblowers File SEC Complaint Over NDAs
OpenAI whistleblowers have complained to the U.S. Securities and Exchange Commission about non-disclosure agreements (NDAs), so urging an inquiry of the company. The letter seen by Reuters claims that the whistleblowers assert these agreements are unduly limiting. The letter, which comes from the office of Senator Chuck Grassley, asks OpenAI to thoroughly review past and present NDAs. Whistleblowers assert these agreements compell... Read More
Fed Rate Cuts Expected Despite PPI Increase
Category: Economy Total Views: 185By : Dylan Bailey Updated: 07-13-2024
June Producer Prices Surpass Expectations Amid Rising Service Costs
Rising service costs caused U.S. producer prices in June to rise somewhat more than expected. After unchanged in May, the producer price index (PPI) for final demand climbed 0.2% last month. Forecasts by economists for a 0.1% rise The PPI increased by 2.6% in June, the biggest year-on-year increase since March 2023. Much of this increase in service prices—especially a 1.9% rise in trade services margins&mdas... Read More
Mixed Results for Big Banks Affect Stock Performance
Category: Markets Total Views: 379By : Olivia Taylor Updated: 07-13-2024
S&P 500 and Dow Jones Hit Record Highs
Friday saw a surge on Wall Street as the S&P 500 and Dow Jones Industrial Average hit fresh intraday record highs. Investors are hopeful about a possible September U.S. Federal Reserve interest rate reduction. Though both indices gave up some gains by the close, this positive attitude drove notable market increases. At 5,615.35 points—a 0.55% rise—the S&P 500 concluded the session. Rising 0.62%, the Dow Jones Industria... Read More