Articles

Fed’s Powell to set table for September rate cut at Jackson Hole, but jobs data will set the size

Federal Reserve Chair Jerome Powell will use his Jackson Hole speech next week to set the table for a September interest rate cut, while the actual size of the move will be determined by the August jobs data that comes a week later, economists said.

I have my RMD all figured out, except for one thing: Which investments should I take it from?

If you don’t specify exactly what you want to do, your bank may pull your required minimum distribution equally from all your holdings.

Tesla’s ‘under the radar’ energy segment deserves attention amid rapid growth, says Baird

Tesla Inc.’s energy segment may not grab as much attention as the company’s electric vehicle business, but its contribution to the company’s valuation should not be under-estimated, according to Baird Equity Research.

Consumers are keeping a recession at bay — but for how long?

Lower rates from the Federal Reserve might arrive just in the nick of time

Starbucks draws analyst upgrades on ‘home run hire’ of new chief executive

Stifel, Deutsche Bank, CFRA and TD Cowen analysts hiked ratings on the coffee giant after it named Brian Niccol as its new chief executive.

Tortured economists department: Taylor Swift again surprises those who underestimate her impact

Taylor Swift continues to confound Wall Street as demand for her concerts swing economic data around.

2-year Treasury yield moves higher as traders see lower chance of half-point Fed rate cut next month

The policy-sensitive 2-year Treasury yield inched up Wednesday morning, after July’s consumer-price index mostly met expectations and traders saw a reduced likelihood of a larger-than-usual rate cut from the Federal Reserve next month.

Social Security’s COLA seen as shrinking in 2025 to 2.6%

The average COLA over the last 20 years has been about 2.6%, according to the Senior Citizens League.

Chipotle’s stock sold off on CEO exit, but this analyst says it’s time to buy

Wedbush upgraded Chipotle shares, saying the company “remains in very good hands.”

Chili’s parent Brinker’s stock tumbles after a profit-target miss and downbeat outlook

Chili’s same-store sales rose more than expected, helped by price increases and increased traffic

Performance Food Group’s stock pops after announcing profit beat and latest deal

Performance Food Group Co.’s stock jumped 36% early Wednesday, after the food and foodservice distribution company anounced its latest acquisition and posted better-than -expected fiscal fourth-quarter profit.

Victoria’s Secret stock rallies as it names new chief executive from Rihanna’s Savage X Fenty

Apparel maker also hikes Q2 adjusted earnings target
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