Metals Stocks: Gold futures settle at a more than 1-year high as Fed signals only one more rate hike to come

Gold futures settled Thursday at a more than one-year high, after touching a high above $ 2,000 an ounce, finding support from declines in U.S. Treasury yields and weakness in the dollar. Moves for the market followed the Federal Reserve’s 25 basis-point interest-rate hike announced Wednesday, as the central bank’s Chairman Jerome Powell and his […]

Continue Reading

Next Avenue: Did you think a will, a trust and power of attorney were enough? Add this one more thing to your estate plan.

This article is reprinted by permission from NextAvenue.org. Recently, when a family member died unexpectedly, I saw financial chaos up close and personal: his wife couldn’t access some accounts, didn’t have login or bank information and didn’t even know what credit cards or bills he had. The grieving widow could have been spared the hassle and added stress […]

Continue Reading

The Human Cost: Will high property prices lead to a generation of renters? Landlords benefit, while millions of Americans find themselves trapped.

When Nashville, Tenn. native Stephen Parker recently listed a mobile home that he owns on the rental market, he received about 30 applications in one week. “I priced it competitively,” he said. Parker, who is also a real-estate agent, said that he sees rent growth staying strong as people find it too expensive to purchase homes, […]

Continue Reading

Bond Report: 2-year Treasury yield dives below 3.95% during press conference by Fed’s Powell

Treasury yields dived on Wednesday after Federal Reserve policy makers signaled just one additional interest rate hike will be appropriate this year and as Chairman Jerome Powell addressed banking-system concerns in his press conference. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.010% dropped to 3.943% from 4.175% on Tuesday. It had jumped by […]

Continue Reading

The Ratings Game: Harley-Davidson’s stock will be worth some ‘upfront bumps,’ analyst says

Shares of Harley-Davidson Inc. charged higher Tuesday, after Morgan Stanley analyst Adam Jonas urged investors to buy, citing their recent selloff, coupled with confidence in the motorcycle maker’s management and diminished electrification risks. “If you can take some upfront bumps, we’d stay riding with HOG,” Jonas wrote in a note to clients. Harley-Davidson’s stock HOG, […]

Continue Reading

Earnings Results: GameStop stock soars nearly 50% on surprise quarterly profit, higher sales

GameStop Corp. stock jumped 48% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above Wall Street expectations. The retailer is “aggressively focused on year-over-year profitability improvement while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said at the company’s call after the results. GameStop […]

Continue Reading

Key Words: Al Franken, guest hosting ‘The Daily Show,’ surveys common ground with former Senate colleague Lindsey Graham on Putin if not Trump

“‘That’s my problem.’” Sen. Lindsey Graham, a South Carolina Republican, spoke last week at the Vision 2024 National Conservative Forum in Charleston, S.C. logan cyrus/Agence France-Presse/Getty Images Those were the words of Senate Republican Lindsey Graham, by his own recollection and that of former Democratic colleague Al Franken, responding in a men’s-room conversation to Franken’s […]

Continue Reading

Movers & Shakers: First Republic shares pop, Tesla’s stock boosted by credit rating upgrade, while First Majestic shares slide as Nevada mine activities halted

Here are some of the biggest movers on Tuesday, as the Federal Reserve begins deliberations on a key interest rate decision with the banking system wobbling. Stock gainers: First Republic Bank‘s stock FRC, +34.85% rocketed 45% in afternoon trading after surrendering 47% on Monday. CNBC reported the bank has hired JPMorgan as an adviser, as […]

Continue Reading

: First Republic stock rallies after bank backstop pledge from Treasury’s Yellen and reports of push to raise capital by JPMorgan

First Republic Bank’s stock was up 40% Tuesday amid reports that JPMorgan Chase & Co. was working to help bolster the bank’s capital, and as U.S. Treasury Secretary Janet Yellen pledged to help banks. Yellen delivered a speech to the American Bankers Association saying that the government has a “resolute commitment to take the necessary […]

Continue Reading