The "Takaichi trade" that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nations new leader, repriced their exposure.
There was some division at the Federal Reserves last meeting about whether to cut interest rates and by how much, though most agreed the central bank could cut rates further in 2025.
Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally.
Fed officials are still split about how much to cut interest rates as the government shutdown deprives policymakers of key data, with some worried more about inflation and others more concerned about the job market.
Tesla on Tuesday afternoon announced lower-priced versions of its Model 3 and Y vehicles, with both sporting starting price tags below $40,000. The shares finished the day lower, perhaps indicating a hope the cars wouldve been cheaper.
Super Micro Computer (NASDAQ:SMCI) shares climbed Monday as investor enthusiasm for artificial intelligence continued to drive market momentum.
President Donald Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week.
Investors largely shrugged off the start of the US government shutdown, with the major indexes continuing to notch record highs as Wall Street leaned on AI momentum and expectations for further easing of interest rates by the Federal Reserve.
Bond investors have ridden a profitable playbook this year to score big wins on Federal Reserve interest-rate cuts and tumbling short-term US yields.
Tesla (TSLA) reported blowout third quarter global deliveries, as the expiration of the $7,500 federal tax credit in the US likely juiced sales.
President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day.
The federal government might be shut down, but President Trump is making every effort not to let that slow down his economic agenda.
A government shutdown brings many of the nations federal functions to a halt while lawmakers hash out an agreement to provide funding for services like passport processing, disaster aid, and small business loans.
Markets wrapped up the third quarter on a strong note, defying September’s reputation as one of the toughest months for the US stock market.
Alphabet Inc. shares closed out their biggest quarterly gain in 20 years, the latest reflection of how investors are turning more positive on the Google parent as it strengthens its foothold in artificial intelligence.
