The Bank of England cut interest rates by a quarter of a point to 4% in a hawkish decision that for the first time required a second round of voting, as the central bank contends with weak growth and high inflation, i.e. stagflation.
Wall Street just issued big upgrades on several notable chip stocks. LRCX's strong upside potential and MPWR's history of beating forecasts are key takeaways.
President Trump’s new round of “reciprocal” tariffs kicks in today, a shift that focuses attention anew on forecasts by many economists that the levies on imports will raise inflation, if only temporarily.
US Foods Holding Corp. reported Q2 results with a 3.8% increase in sales and 28% growth in adjusted EPS, beating analyst estimates. The company also reaffirmed its fiscal 2025 sales guidance and narrowed its adjusted EPS guidance.
The British Pound extends gains against the Japanese Yen for the third consecutive day as traders react to the Bank of England’s monetary policy decision, with GBP/JPY climbing above the 197.00 psychological mark, reaching a fresh weekly high.
In this video, Ira Epstein discusses the ongoing stock market rally, emphasizing the importance of monitoring the upper Bollinger Bands in the Nasdaq and S&P indices, while noting the Dow's weaker performance.
