Author: starbpo

Donald Trump, the Republican candidate for president, said on Wednesday that he would cap credit card interest rates. However, a seasoned expert says that the plan won’t get the support it needs in Congress to become a reality. Author Ian Katz, who works for Capital Alpha Partners and studies financial companies IYG -0.38%, told BourseWatch in an email, “I don’t see a way for that to happen in Congress.” Trump said in a campaign speech in Uniondale, New York, on Wednesday, “We’re going to temporarily cap credit card interest rates while working Americans catch up.” It will be capped at…

Congratulations, you’re the lucky fan who caught a baseball that could be worth a lot of money. You could keep the wealth and one day sell it, or you could give it to the player who reached the milestone. That’s what someone at the Los Angeles Dodgers vs. Miami Marlins game in Miami on Thursday had to say. It was the game where Dodgers star Shohei Ohtani hit his 50th home run. He became the first player in Major League Baseball history to hit 50 home runs and 50 stolen bases in the same season. A social media post from…

After reporting quarterly results this summer, Amazon.com Inc., Microsoft Corp., and Nvidia Corp. all saw a drop in their stock prices. But as we move into the third quarter earnings season, Wall Street experts still like these stocks a lot. The most analysts gave Amazon AMZN 0.91% and Microsoft MSFT -0.78% buy rates out of all the S&P 500 companies, according to a report released by FactSet on Friday. There were 95% of experts who follow those two companies who said they should buy both. Nvidia got 94%. Given how big those companies are, that might not be a surprise.…

In the United States, September means a lot of things, like the beginning of school and, most importantly, football season. It’s also known for being a terrible month for the stock market. But maybe not this year. Bloomberg says that U.S. stocks were on track to end the month of September stronger for the first time in five years as of Friday. It’s clear that this is not following a well-known past trend. After all, September is always the worst month for the market. In fact, Dow Jones data going back almost one hundred years shows that the S&P 500…

Important investor Keith Gill, also known as Roaring Kitty, came back to social media this year and sent a number of stocks skyrocketing. This put meme stocks back in the spotlight. Even though the 2021 meme-stock craze, in which Gill played a key role, wasn’t as big this time, it did have an effect on a lot of names that were greatly shortened. As they did in 2021, AMC Entertainment Holdings Inc. (AMC 1.06%) and GameStop Corp. (GME 11.99%) may have gotten the most attention, but the latest meme wave also hit Koss Corp. (KOSS 1.47%), BlackBerry Ltd. (BB -1.65%),…

People aren’t sure about Donald Trump’s plan to get rid of out-of-pocket costs for in vitro fertilization. One experienced expert said it would fail as soon as it got to Congress. Last Thursday, the Republican presidential nominee talked about his plan. He said, “Under the Trump administration, your government will pay for — or your insurance company will be required to pay for — all costs associated with IVF treatment.” But in a note Tuesday, Kim Monk, a healthcare policy analyst at the research and forecasting firm Capital Alpha Partners, said that the plan “is dead on the Hill and…

President Joe Biden praised the freedom of the U.S. central bank in a speech on Thursday, after the Federal Reserve lowered interest rates. He also criticized Republican nominee Donald Trump’s stated desire to have more power over the Fed. Biden also talked about how important the rate cut was, but he made it clear that his government is still working to fight inflation, just like White House officials told him they would. In a speech at the Economic Club of Washington, D.C., Biden said, “Unlike my predecessor, I respect the Federal Reserve’s independence.” “Being free has been good for the…

Federal Reserve Gov. Michelle Bowman said Tuesday that inflation is still a bigger worry than a possible weakening of the job market. “The risks to inflation going up are still very high,” Bowman said in a speech at a meeting of the Kentucky Bankers Association. Bowman didn’t agree with the Fed’s sudden cut of 0.5 percentage points in interest rates last week. She wanted a decrease of only a quarter point. If you go back to 2005, she was the first Fed governor to disagree with a FOMC ruling. Bowman said in her speech that the consumer price index for…

The numbers show that home prices in the 20 largest U.S. cities hit another record high in July. However, the rate of price increases has slowed down a lot as buyers are more concerned about rising costs and mortgage rates. In July, the S&P CoreLogic Case-Shiller 20-city house-price measure went up 0.3% from the month before. In the 20 largest U.S. cities, home prices went up 5.9% in the year ended in July. That’s less growth than the previous month, when it rose by 6.5%. Dow Jones Newswires and The Wall Street Journal polled economists and found that most thought…

He made MLB history on Thursday by becoming the first player to hit 50 home runs and steal 50 bases in the same season. Ohtani plays for the Los Angeles Dodgers. He had a great game, with six hits, three home runs, two stolen bases, and ten RBIs. Last year, Ohtani, 30, made news when he signed the biggest team sports deal in U.S. history: 10 years and $700 million. The way it’s set up is very unusual. He gets $20 million for the first 10 years and $680 million for the next 10 years. Every year from 2024 to…