Is Bank of America Stock a Buy?
A well-received financial update adds more momentum to this rising stock.
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Is Bank of America Stock a Buy?
A well-received financial update adds more momentum to this rising stock.
Investors look to the Fed for clues about a September rate cut
Nigerians are frustrated by economic hardship but authorities fear planned protests could turn ugly
Frustrated with growing economic hardships, Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation. The government of Nigerian President Bola Tinubu says it is determined to prevent such a scenario in a country that has long been a top African oil producer but whose citizens are among the world’s poorest. Nigeria's population of over 210 million people — the continent's largest — is also among the hungriest in the world and its government has struggled to create jobs.
Ether ETFs Break Four-Day Outflow Streak, Bitcoin ETFs Record $18M Outflows
The crypto-Trump trade appears to be softening.
Fed expected to hold rates steady, open door to September cut
The Federal Reserve is expected to leave interest rates unchanged at the end of a two-day policy meeting on Wednesday, but also indicate that a reduction in borrowing costs could come as soon as September. Contracts tied to the U.S. central bank's policy rate show investors are convinced a rate cut will happen at the Sept. 17-18 meeting, with the only disagreement over whether the Fed will begin easing policy with a quarter-percentage-point reduction, as most expect, or a more aggressive half-percentage-point cut, according to CME Group's FedWatch tool. The Fed has kept its policy rate in the 5.25%-5.50% range for the past year.