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A Guide to the Biggest Winners From the SpaceX IPO WSJSpaceX stock jumps nearly 30% following largest IPO ever Yahoo FinanceThe Faulty Logic Behind the SpaceX Index Trade WSJ$1 Trillion and Counting: See How Your Net Worth Compares With Elon Musk's The New York TimesBy the numbers: Here's what you might have missed in SpaceX's record market debut CNN
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Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
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Soccer's premier tournament brings a hidden danger to your investment portfolio.
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Also in Weekend Reads: A bitcoin-pricing model that looks way ahead, the bear market for gold and retirement-planning advice.
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Forecasts of $920 billion in AI-related capex in 2027 are likely too conservative.
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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