Author: starbpo

International Markets Gain a Little as Fed Rate-Cut Expectations Increase While the dollar weakened and oil prices increased, U.S. stock futures and international equities reported slight gains at the beginning of the week. Analysis: ECB Will Remain on Hold and Provide Minimal Insights into the Future Rate Path At its policymakers’ meeting on Thursday, the European Central Bank is expected to maintain its benchmark interest rate at its current level for the second consecutive meeting. Following Ishiba’s departure, Japanese markets prepare for the next political shift. Political unpredictability is anticipated to increase as a result of Japan’s prime minister’s departure.…

What kind of weather is it today? To respond to this question, you don’t have to be a meteorologist. Simply glance out the window. For macroeconomists, this luxury is not available. It will take till the end of July to release the first official GDP estimate for this quarter. Actually, we still don’t know the GDP for the previous quarter! We are drowning in statistics on every facet of the economy, including employment, production, sales, inventory, and more, while we wait for these vital figures. Economists at trading desks, central banks, and the media rely on processing this data to…

Head for alternative asset managers in the last quarter of 2025 The market reaction to Friday’s dour nonfarm payrolls data could have been worse. Sure, it’s not good to see stocks hit a fresh record high only to finish down on the day. But the S&P 500 SPX nevertheless closed well off session lows to sit only a fraction shy of its peak. Encouraging this investor stoicism is undoubtedly the hope that a sharp economic deterioration can be avoided but that the soft labor data makes it much easier for the Federal Reserve to continually reduce official borrowing costs. A…

Broadcom Inc. now thinks that AI will bring in $12 billion this year, but that bigger prediction wasn’t enough to make shares go up in late Thursday trading. Broadcom AVGO -0.84% missed its overall revenue estimate for the current quarter by a small amount, which caused shares to drop more than 3% during the extended session. Broadcom had previously predicted that AI would bring in more than $11 billion. Head of the company, Hock Tan, said in a statement that Ethernet networking and custom processors for AI data centers will help AI grow. Broadcom made $13.07 billion in sales in…

Bank of America Corp. (BAC) shares fell 0.89% to $40.14 on Thursday, which was a bad day for trading on the stock market as a whole. The S&P 500 Index (SPX) fell 0.30% to 5,503.41, and the Dow Jones Industrial Average (DJIA) fell 0.54% to 40,755.75. The stock had lost money for three days in a row. Bank of America Corp. ended the day $4.30 less than its 52-week high of $44.44, which it hit on July 17th. On Thursday, the company did not do as well as some of its competitors. For example, JPMorgan Chase & Co. JPM -0.78%…

NEW YORK — Red Lobster says it will soon be coming out of Chapter 11 bankruptcy. This comes after months of dozens of restaurants closing and news stories about “endless shrimp” problems. A U.S. bankruptcy judge accepted the casual seafood chain’s reorganization plan on Thursday. As part of the plan, the business will be bought by a group of lenders led by asset manager Fortress. The green light comes less than four months after Red Lobster filed for bankruptcy while looking for a buyer. This was after years of losing money and customers as it tried to keep up with…

Boeing Co.’s Starliner capsule will separate from the International Space Station on Friday evening. This will be another event in the difficult spacecraft’s story. After taking Butch Wilmore and Suni Williams to the orbiting space lab in June, Starliner will return to Earth without any people. They will have to wait until early 2025 to take a ride home with Boeing BA -0.66% competitor SpaceX. NASA’s choice of SpaceX to bring the astronauts back to Earth while Starliner was having trouble was bad news for Boeing. What will happen next with Starliner? “Baker recently lost when its Starliner capsule failed…

On July 4, Republican lawmakers and President Donald Trump sign the One Big Beautiful Bill Act into law. The advantages of the law for high incomes are the subject of a recent analysis. A new examination of President Donald Trump’s recently passed tax and spending plan by neutral congressional scorekeepers shows that it continues to improve the lives of America’s top 10%. The Congressional Budget Office reported Monday that the One Big Beautiful Bill Act would benefit this top tier by around $13,600 annually over a ten-year period. That’s more than the CBO’s forecasts from June, before the bill was…

It might be very easy to find EV discounts in September. This is the reason. Before the substantial tax incentives from the Biden administration disappear, some people are charging to purchase electric vehicles under President Donald Trump’s One Big Beautiful Bill Act. After the tax incentives were reduced by the comprehensive Republican tax plan adopted in July, September is the last month to claim tax credits that can reduce the cost of new and used electric vehicles by thousands of dollars. New EV tax credits are available through September 30 and can pay up to $7,500 for qualified purchases, while…

A preliminary list of professions eligible for “no tax on tips” suggests that tax authorities are examining broadly who is considered to be “customarily and regularly” receiving a tip. Clowns, golf caddies, surf instructors, and more are on the draft list. Following the One Big Beautiful Bill Act, the Trump administration has hinted at who is eligible to receive the tax credit for tips. As a reminder, there are still significant questions to be addressed before employees can begin taking advantage of the tax reduction in the early months of next year. This is just one lengthy list thus far.…