RBC raises S&P 500 year-end target, but strategist says she’s nervous about it
The firm increased its S&P 500 year-end target to 5,700 from 5,300, but cautioned that it was “a nervous raise.”
Trump Media announces $105 million raised from DJT warrants
Shares of Trump Media had dropped sharply after whipsawing on the day after former President Donald Trump’s first debate with President Joe Biden.
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
“We’ve made quite a bit of progress and in bringing inflation back down to our target,” Powell said at a central banking forum in Sintra, Portugal.
Watch Fed Chair Powell, ECB’s Lagarde speak live at central bank policy forum
Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum.
Insurance crisis that started in Florida, California is spreading. Your state could be next
Insurers are fleeing coastal states like Florida and California after floods and fires, and premiums are skyrocketing. More states face this climate crisis.
FAFSA issues force hard choices: 44% of students said college decisions came down to $5,000 in aid
Problems with the new FAFSA affected college enrollment decisions for the fall.
Why both former Pres. Trump and Pres. Biden’s tariffs can hurt Americans’ wallets
Both Biden and Trump share common ground on tariffs. Policymakers argue tariffs can protect domestic industries but may also result in higher prices.
10-year Treasury yield falls as Powell says U.S. getting back on ‘disinflationary path’
U.S. Treasury yields were lower on Tuesday as investors listened to remarks by Federal Reserve Chair Jerome Powell and anticipated Friday’s jobs report.
Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs
Shareholder advisory firms raised concerns about additional pay for CEO Marc Benioff in the form of equity grants.
Paramount is hunting for a streaming partner, could kick off a wave of deals
Warner Bros. Discovery has interest in merging Max and Paramount+, as Paramount looks to strike a deal for its money-losing streaming service.
