Wall Street, interest rate
Digest more
Wall Street's main indexes rose on Thursday, hitting record highs, lifted by gains in Tesla and Micron Technology, after U.S. inflation and jobless data fed market expectations that the Federal Reserve will cut interest rates this month.
The newspaper’s conservative editorial board said the president “can help the country rise above this madness."
1don MSN
Oracle’s stock just did something never before seen on Wall Street. Inside that historic move.
No company worth over $500 billion has ever gained more than 25% in a single day. Oracle’s stock increased by far more than that on Wednesday.
Wall Street's major indexes were subdued in choppy trading on Friday, easing from the previous session's record highs, but they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts.
The Wall Street Journal prodded President Donald Trump once again on Tuesday, this time over his penchant for putting his woes onto his predecessor. But Trump blaming former President Joe Biden “for bad economic news won’t work as an excuse for much longer,” warned the newspaper’s conservative editorial board.
Oracle's blowout earnings sent the stock skyrocketing, and made Larry Ellison even richer than he already is.
Federal National Mortgage Association and Federal Home Loan Mortgage Corp. received their first buy recommendation from Wall Street on Thursday, as Deutsche Bank said the stocks’ dizzying rally can go further on expectations the mortgage giants will possibly be released from government control in the near future.
Connecticut’s economy remains a mixed bag with low unemployment as consumers and businesses await the impacts of tariffs and federal tax cuts