Author: starbpo

The Federal Reserve has been avoiding questions since the election about whether President-elect Donald Trump’s stated tariffs will cause prices to go up and inflation to rise in the U.S. Fed officials have said they don’t want to talk about policies that don’t exist yet. Brian Bethune, an economist at Boston College, thinks that the Fed is ignoring evidence from the tariffs that the Biden government just put in place. Bethune said, “This year is a clear example of how tariffs cause prices to rise.” Canada’s federal and provincial governments have helped to support the production of softwood lumber, which…

Analyst firm Jefferies says that Costco Wholesale Corp. is in a good position to grow its shares in the future. The company reported its first-quarter results after the market closed on Thursday. Jefferies analyst Corey Tarlowe said in a note released Thursday that “encouraging warehouse traffic and digital trends” are signs that the future will be good for Costco (COST +0.10%). He wrote, “Costco is a defensive name by nature because its membership model ensures steady sales and profits, it attracts customers who value things, it has a higher-income customer base, and a fairly large share of sales coming from…

When buyers saw how well Broadcom Inc. would do in the coming years, their stock had its best day ever on Friday. Broadcom AVGO +24.43% stock had to go up more than 15.83% to make it the biggest percentage gain in a single day on record. They easily beat that goal, going up 24.43%, and that was after the chip and software company released a mixed report. As the print went on, there were a lot of nerves, and many of the things that were brought up as worrying during the setup did happen, Bernstein’s Stacy Rasgon wrote in a…

“The decision is not a no-brainer,” said former Dallas Fed President Robert Kaplan. Kaplan said that, in the end, the Fed believes that the level of rates after the cut is still putting some downward pressure on demand, thus limiting inflation, while reducing the risk that rates will cause a recession. Most Fed officials still believe the funds rate is well above a neutral level which would not be putting any downward or upward pressure on demand, ” but there’s widespread recognition that estimates of neutral are very uncertain,” said former Fed Gov. Larry Meyer in a note to clients.…

Now, the prices of foreign goods aren’t really adding to inflation. But if President-elect Trump goes ahead with the strongest U.S. tariffs in decades, prices could rise even more next year. The government said Friday that the import price index only went up by 0.1% in November. For the year ending in November, the cost of imports went up 1.3%. If fuel imports are taken out, import inflation rose a bit faster, but it was still only 2.3%. We will keep a close eye on these prices in 2025 because the Trump White House has promised taxes. The cost of…

Goldman Sachs’ top technical strategist said that the S&P 500 index is set for a “Santa rally” in the last few trading sessions of 2025. This is because of Donald Trump’s win in the November elections, the possibility of interest rate cuts, and record-highs in capital coming into U.S. stock markets. For the past nine weeks, a record $186 billion has flowed into U.S. stock markets. This is because of the rush of capital into American stocks after Trump’s election win on November 5. Goldman analyst Scott Rubner wrote this note. The record-high inflows have helped drive up the stock…

Building trades like roofing, renovations, and fire safety offer ServiceTitan Inc. a huge chance to grow, and Wall Street seems to like the company’s IPO. ServiceTitan Inc. makes software for bills, dispatch, and payments. When ServiceTitan (TTAN +41.87%) went public, the price of each share rose more than 40% above its offering price of $71 a share. It had been selling at $101 a share on Thursday afternoon. Recently, a share of the stock was being bought and sold for $102.50. The IPO was priced at $71 a share, which was higher than the expected range of $65 to $67…

A top crypto analyst said that MicroStrategy stock could go up even more in the next few weeks, based on whether the Nasdaq 100 stock index sees it as a software developer or a financials company. The Virginia-based company could get a big boost if it is added to the Nasdaq 100 index on Friday, when the stock market index is changed. FundStrat’s head of digital asset strategy, Sean Farrell, said this in a talk. MicroStrategy MSTR -5.13% stock price has already gone up by 500% in 2024. This is because Bitcoin’s value has gone up a lot this year,…

In the past month, Tesla Inc. stock has been on a historic run that has led to its first record close in three years. And the race is about a lot more than just electric cars. So far this week, TSLA -1.33% stock has gone up 21.3%, which would be its biggest winning streak since July 10th, when it went up for 11 days. In the morning trade on Thursday, it was up 0.4% from the previous record close of $409.97 on November 4, 2021. It had closed Wednesday at $424.77, which was above that record. Recently, the stock has…

The worst might not be over yet, but egg prices are going through the roof. As of now, a dozen eggs cost 35% more than they did in June. In the coming months, prices may go up even more. Bureau of Labor Statistics data shows that the price of eggs went up from $2.70 per dozen in May to $3.65 per dozen in November. That price, though, makes it hard to get eggs. There aren’t enough eggs in most shops, so prices are often much higher, especially for fancy types like cage-free or organic eggs. The cost of a dozen…