Traders work on the floor of the New York Stock Exchange.Spencer Platt/Getty ImagesStocks pushed higher as positive retail sales surprised investors.The data signals continued consumer strength, easing fears of a recession.All eyes are on the Federal Reserve’s likely interest rate cut on Wednesday.Stocks moved higher after stronger-than-expected US retail sales boosted confidence in consumer health, as the Federal Reserve’s two-day policy meeting is set to kick off.Retail sales increased 0.1% last month, compared to consensus estimates of a 0.2% decline. That’s welcomed news for investors, who are bracing for what is likely to be the Fed’s first interest rate cut…
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A shopper pushes a shopping cart in Dallas on Feb. 21.The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower.A reduction to the central bank’s federal funds rate serves as a benchmark for other borrowing costs throughout the economy. And while that move has been widely anticipated, investors have been unable to predict how large the cut will be.On Tuesday, a survey by CNBC correspondent Steve Liesman showed a majority of respondents forecasting a 0.25% cut from the current 5.3% level, even…
After moving mostly higher early in the session, stocks gave back ground over the course of the trading day on Tuesday. The Dow and the S&P 500 reached new record intraday highs in early trading but subsequently pulled back near the unchanged line.The major averages ended the day narrowly mixed. While the Dow edged down 15.90 points or less than a tenth of a percent to 41,606.18, the S&P 500 inched up 1.49 points or less than a tenth of a percent to 5,634.58 and the Nasdaq rose 35.93 points or 0.2 percent to 17,628.06.Optimism about the outlook for interest…
Protesters threw ping pong balls at Atlanta City Council members and chanted “You dropped the ball” in opposition to Mayor Andre Dickens and a pricey training center for law enforcement.The “Stop Cop City” group attended the city council meeting on Monday to “demand (their) voices be heard,” according to the protesters’ Instagram post. The group is opposing the construction of a $90 million Atlanta Public Safety Training Center, of which they are requesting a referendum be placed on the ballot to decide the fate of the 85-acre facility.”At any time, (Andre Dickens’) office can drop its appeal, or the Council…
How much is gold per ounce? As of 9 a.m. ET, gold was trading at $2,578.14 per troy ounce. That price represents a change of -0.20% from the same time yesterday. Since the start of the year, the price has shifted up 24.77%. Over the last day, the lowest price for an ounce of gold was $2,568.51. The highest price in the previous 24 hours: $2,586.99. USA TODAY Blueprint may earn a commission from this advertiser. Current gold prices You can find gold spot prices in U.S. dollars under the label XAU/USD. In this case, the price shown is for…
The Skiron XLE, a groundbreaking military drone developed by Aurora Flight Sciences, has redefined the possibilities of long range aerial surveillance. Unlike its predecessors, which relied solely on internal combustion engines or battery powered electric systems, the XLE incorporates a unique hybrid approach. By combining a fuel cell system that runs on hydrogen with a battery, the drone has achieved an impressive range of 47 miles, far surpassing the limitations of traditional battery-powered models. This significant advancement was recently demonstrated during a seven hour flight over Virginia, showcasing the XLE’s potential as a versatile and enduring asset for military operations.…
Image source: National Grid plc National Grid (LSE: NG.) isn’t just a utility company – it’s the backbone of Britain’s energy infrastructure. But for investors eyeing this FTSE 100 stalwart, the burning question is: what’s in store for the National Grid share price over the next half decade? Let’s take a closer look. A sharp recovery The shares have rebounded impressively from 52-week lows in June. After a 20% decline in June following disappointing earnings, and news of a £7bn capital raise, investors have seen the shares slowly climb, albeit a long way from a peak in 2022. However, with…
Singer, renowned for its meticulous reimaginings of classic Porsche models, has been busy lately. While the brand continues to develop future products and fine tune upcoming models like the 930 Turbo, it recently made headlines by taking the 930 Convertible to the Nurburgring. This might seem familiar, as the 930 Convertible was first revealed two years ago. However, Singer’s latest appearance at the legendary German racetrack suggests that the company may be making adjustments to the model, testing a different setup, or simply seeking the publicity that comes with such a high profile outing. Singer 930 Convertible Hits the Nurburgring…
Investing.com – Russia stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher. At the close in Moscow, the added 1.06%. The best performers of the session on the were Magnit (MCX:), which rose 6.25% or 335.00 points to trade at 5,694.50 at the close. Meanwhile, Aeroflot (MCX:) added 5.15% or 2.54 points to end at 51.83 and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:) was up 3.98% or 1.77 points to 46.14 in late trade. The worst performers of the session were Polyus PAO (MCX:), which fell 0.73% or 96.50 points to trade…
Dividend stocks could soon get a closer look from investors. That’s because the Federal Reserve is expected to cut rates on Wednesday, beginning a new cycle of lower rates, which will bring down Treasury yields and interest rates on savings accounts.That process makes dividend stocks more attractive. Dividend stocks are likely to move higher as bond yields fall because bond investors will rotate back into dividend stocks in search of yield.If you’re looking for dividend stocks, a good place to start your search is the S&P 500. Let’s take a look at the three highest-yielding dividend stocks in the broad-market…