|
Trump threatens to fire Powell, won't halt probe of Fed renovations The Washington PostTrump Administration Live Updates: President Threatens to Fire Fed Chief if He Does Not Resign The New York TimesOnce again, Trump threatens to fire Fed Chair Jerome Powell NPRTrump says he'll fire Powell next month if he stays in his role at the Fed CNNTrump threatens to fire Fed chair Powell if he doesn't leave in May BBC
|
|
S&P 500 and Nasdaq Composite close at fresh records as traders look past Iran war fears: Live updates CNBCStocks Approach Record High as Wall St. Looks Beyond War The New York TimesWall Street hits a record as S&P 500 continues its 2-week rally on hopes for the Iran war TribLIVE.comWall Street sank on Iran war fears. Now it's surging. Here's why CNN
|
|
Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.
|
|
Even as the industry navigates choppy seas, cruise companies are looking for their next avenues for growth.
|
|
Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion.
|
|
Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
|
|