To The Moon

A U.S. official confirmed to ABC News Israeli missiles have hit a site in Iran. The official could not confirm whether Syria and Iraq sites were hit as well.Futures on the Dow Jones Industrial Average slid 443 points, or 1.17%. S&P 500 futures lost nearly 1.34%, and Nasdaq 100 futures were down 1.6%.

For Federal Reserve Chair Jerome Powell, deciding when to cut interest rates is hard enough: Too soon, and inflation could rise again. Too late, and unemployment might shoot higher.The challenge is doubly difficult this year because he is doing it in the glare of election-year politics.Allies of former President Donald Trump, the Republican front-runner, have already argued that the central bank is seeking to help President Biden by signaling that cuts are coming.Meanwhile, some Democrats inside and outside the West Wing are nervous that the current president's re-election prospects will be jeopardized by a central bank that keeps rates too high for too long after both the Fed and the administration misjudged inflation.In a letter Tuesday, Sen. Sherrod Brown , who is chairman of the Senate Banking Committee and is up for re-election this fall, urged Powell to lower interest rates soon in an effort to make housing more affordable. "Restrictive monetary policy is no longer the right tool

WASHINGTON, Jan 31 (Reuters) - The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation

A bill to avert a partial U.S. government shutdown beginning this weekend cleared a first procedural hurdle in the Senate on Tuesday, as lawmakers scrambled to pass the measure through Congress before

Yes, if the institutional investors are allocating to these defensive sectors at the beginning of the year, it is likely they believe that a recession is likely sometimes in 2024. So, let's look at the performance of the traditional cyclical sectors. The consumer discretionary sector is down by 1.4%. The Energy sector is down by 2.73%. The Industrials sector is down by 1.41%, the Materials sector is down by 2.24%. These sectors closely follow the business cycle, and thus heavily depend on economic activity. Obviously, during a recession, business investment decreases which affects the industrials, energy, and materials, while the consumers cut discretionary spending. Thus, the performance of the cyclical sector is also consistent with a recession in 2024. What about tech?The technology sector which is considered speculative, is down by 0.95%, which possibly signals some profit taking after the 50%+ performance in 2023. What about the financials so far in 2024. The financial sector

In a recent announcement, Palantir Technologies disclosed that it would be hosting its first board meeting of the new year in Tel Aviv, Israel. The company maintains that this decision is a sign of so

TOKYO -Toyota Motor reported a more than doubling of second-quarter profit on Wednesday, helped by a weak yen and strong sales, and raised its full-year forecast by 50%.The world's top-selling automaker said operating profit for the three months to the end of September rose 155.6% from a year earlier to 1.44 trillion yen .The Japanese automaker said it sold more cars in all global regions, including the United States, Asia and its home market, over the six months to end-September compared to the same period a year earlier.Toyota lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. It expects the weaker yen to account for 1.18 trillion yen of the revision to the full-year profit.Toyota unveiled in June a sweeping revamp of its battery-powered vehicle strategy and committed to technologies to improve the driving range and cut costs of electric vehicles.It also faces a battle in Southeast Asian market