June 30, 2025
S&P 500, Nasdaq hit record closing highs
Wall Street extended its rally, sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.S. Federal Reserve. Investors are poised to shift their attention in the coming week to key economic data and policy developments to […]
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June 30, 2025
Trump says he wants interest rate cut to 1%, would ‘love’ if Powell resigned
U.S. President Donald Trump said he would “love” if Federal Reserve Chair Jerome Powell were to resign, and the president also said he wanted interest rates cut to 1%. Trump has long attacked the Federal Reserve chair over interest rates that the U.S. president wants lowered.
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June 27, 2025
Platinum rise sharply
Gold prices held steady as investors awaited U.S. inflation data to gauge the interest rate outlook and kept an eye on the Middle East as geopolitical tensions eased, while palladium and platinum saw sharp rises.
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June 27, 2025
Nike tops Q4 sales, profit estimates
Nike reported a smaller-than-expected drop in fourth-quarter revenue and beat profit estimates, as CEO Elliott Hill’s strategy to focus product innovation and marketing around sports begins to pay off.
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June 27, 2025
Market bets on a more dovish Fed
The gulf between where the Federal Reserve projects interest rates will be by the end of 2026 and the more aggressive cutting financial markets expect by then is partly due to the expectation that U.S. central bank chief Jerome Powell will be replaced by somebody more dovish next year, investors said. A battered dollar is […]
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June 26, 2025
Nvidia hits record high, overtaking Microsoft
Nvidia’s stock hit a record high, and the chipmaker reclaimed the crown as the world’s most valuable company. The rise sent Nvidia’s stock market value to $3.76 trillion, overtaking Microsoft
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