Investing.com - U.S. stock futures hovered around the flatline on Thursday, following another day of fresh record highs for global equities that was fueled in large part by expectations that the Federal Reserve will soon lower interest rates. Meanwhile, Cisco Systems’ current-quarter guidance exceeds estimates, as the networking equipment firm anticipates ongoing support from a spike in cor ...
Investing.com - A 50-basis point interest rate cut next month could potentially send the wrong signal to markets about the state of the U.S. labor market, San Francisco Federal Reserve President Mary Daly told the Wall Street Journal. A soft July jobs report, as well as muted inflation data for the month, have fueled increased expectations that the Fed will slash borrowing costs at its September m ...
Investing.com -- InvestingPro members are again seeing monthly returns that would typically take years to achieve.At the start of the month, they received an updated list of AI-picked stocks — now available for less than $9/month as part of our limited-time summer sale — which included two names that have already rallied by more than 55% since, a jaw-dropping return normally only achieved in y ...
Updates price levels, adds Ether and other cryptocurrencies. Investing.com-- Bitcoin hit a record high on Thursday, surpassing $124,400 for the first time ever, but then retreated sharply after a new producer price index (PPI) data rekindled inflation fears. The early surge in the world’s largest crypto asset was underpinned by growing expectations of a September interest rate ...