• Dec 17, 2024

Fed Set to Deliver Third-Straight Interest Rate Cut

(Bloomberg) -- Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.Most Read from BloombergHow California Sees the World, and ItselfThe US economy has proved more resilient than what officials expected just a few months ago. Recent data shows inflation is coming down more slowly than officials anticipated, and the labor market is not weakening as much as feared. Subs

  • Dec 17, 2024

Tesla Will Be The 'Biggest Winner' In The Trump Era, Says Dan Ives; Predicts Nasdaq At 25,000 In 18 Months: 'Get the Popcorn Out'

Wedbush Securities analyst Dan Ives predicts a major tech sector expansion driven by artificial intelligence and deregulation under President-elect Donald Trump‘s administration, forecasting the Nasdaq could reach 25,000 within 18 months. What Happened: Speaking on CNBC’s “Closing Bell,” Ives described Trump’s incoming administration as a “Goldilocks scenario” for tech companies, citing expected regulatory relief from agencies including the Federal Trade Commission. Don’t Miss: Deloitte's fastes