Meanwhile, the GDP forecasts keep falling. The Atlanta Fed's GDPNow forecast is below 2% for the first time this quarter, signaling slowing growth as the Federal Reserve has its eyes on a soft landing.
Finally, meme stocks aren't going away. In an SEC filing,"Roaring Kitty" revealed he has a 6.6% stake in the pet care retailer Chewy — Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid.
THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.Bank of America Private Bank’s biennial survey of wealthy Americans revealed a generational divide in the perceived greatest opportunities for asset investment and growth.U.S.
Many people simply leave a large chunk of money in their checking accounts and let it sit there. But is that the best move? Probably not. GOBankingRates spoke to Rachael P., a seasoned bank teller who... -- Assumptions that the European Central Bank will lower borrowing costs twice more in 2024 may prove correct if the economy develops as officials predict, according to Governing Council member Gediminas Simkus.