The stock market

[longcast]

Target stock jumps 12%, CEO says retailer will get back to growth mode

Target beat analyst estimates on Q4 sales and earnings as it works towards a brighter 2024.

finance.yahoo.com

And continue to stay out of politics................we shall see.

 

[longcast]

Apple's iPhone sales in China plunge 24% as Huawei's popularity surges

BEIJING (Reuters) -Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium...

finance.yahoo.com

 

[longcast]

American Technologies Network (ATN) Corp Announces Official Shipment of Fifth Generation Series Smart HD Thermal Rifle Scopes

American Technologies Network (ATN Corp.), a leading manufacturer of thermal imaging, night vision and Digital-HD (CMOS) day/night optics, today announced that it is now shipping its new ThOR 5 / 5 LRF and ThOR 5 XD / 5 XD LRF Smart HD Thermal Rifle Scopes, the company's fifth generation of...

finance.yahoo.com

 

[longcast]

Credit card late fees capped at $8 under new Biden admin rule

The Consumer Financial Protection Bureau finalized a rule Tuesday that will cap all credit card late fees at $8, a move that could save families millions.

www.foxbusiness.com

Watch if you own credit card companies! This is what happens when an administration is AGAINST business.

However, major financial institutions slammed the latest rule targeting credit card late fees, warning that it could ultimately hurt consumers by reducing competition, increasing the cost of credit, causing more people to pay late and reducing credit access for those who need it more.

"The Bureau’s misguided decision to cap credit card late fees at a level far below banks’ actual costs will force card issuers to reduce credit lines, tighten standards for new accounts and raise APRs for all consumers – even those who pay on time," said Rob Nichols, the president and CEO of the American Bankers Association.

The American Bankers Association pledged that it would fight the "harmful consumer policy" by the CFPB, while the Chamber of Commerce said it would "immediately" file a lawsuit against the CFPB.

 

[longcast]

Rate cuts likely at 'some point' this year: Fed's Powell

Fed chair Jay Powell plans to tell lawmakers Wednesday that interest rate cuts are likely in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately.

finance.yahoo.com

 

[longcast]

Stock market today: Techs lead stocks higher as Powell reinforces Fed caution

Techs are leading a comeback as investors wait to hear whether Fed Chair Jerome Powell is still pushing back on rate cuts.

finance.yahoo.com

 

[longcast]

Stock market today: Stocks edge higher with Powell back in spotlight

Investors are looking for further clues on the path of interest rates in Jerome Powell's second day of testimony.

finance.yahoo.com

 

[longcast]

NYCB lost 7% of deposits in one month, highlighting challenges of new rescue

New York Community Bancorp lost 7% of its deposits in one month, highlighting the challenges facing a new investor group led by Steve Mnuchin as it outlined its turnaround strategy Thursday.

finance.yahoo.com

 

[longcast]

It is starting to get silly.

NVIDIA at $957 this morning.

And tech loves interest rate cuts. What happens when it gets one?

 

[longcast]

Stock market today: Stocks rise after February jobs report

All eyes are on the crucial monthly jobs report that could shift the needle on timing of interest-rate cuts.

finance.yahoo.com

 

[longcast]

Nvidia Looks Primed for a Stock Split Post $1 Trillion Rally

(Bloomberg) -- Nvidia Corp.’s scorching rally has added more than $1 trillion in value this year alone, sending it well above the level where it last split its shares. Some see the AI giant well placed to do so again.Most Read from BloombergChemical Linked to Cancer Found in Acne Creams...

finance.yahoo.com

 

[longcast]

It is starting to get silly.

NVIDIA at $957 this morning.

And tech loves interest rate cuts. What happens when it gets one?

Closed at $878, but back up to $951 in the postmarket. Wild moves.

"Shares of semiconductor stocks are trading lower as the sector pulls back after Broadcom and Marvell dipped following their quarterly earnings reports. Additionally, some names in the sector may be volatile in anticipation of CHIPS act subsidies."

 

[longcast]

Stock market today: Stocks dip amid countdown to key inflation print

Investors are bracing for the CPI inflation print, the last big test for the market before the Fed meets in late March.

finance.yahoo.com

 

[longcast]

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

President Joe Biden on Monday released a budget proposal aimed at getting voters' attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. Unlikely to pass the House and the Senate to become law, the proposal...

finance.yahoo.com

 

[longcast]

Jamie Dimon urges Fed not to cut rates in June: 'If I were them, I would wait'

JPMorgan Chase CEO Jamie Dimon said he doesn’t think the Fed should begin lowering interest rates by June, arguing 'their credibility is a little bit at stake here.'

finance.yahoo.com

 

[longcast]

Consumer prices rise more than forecast as inflation pressures persist

February's CPI report is the last inflation print before the Fed's next policy decision on March 20.

finance.yahoo.com

 

[longcast]

Stock market today: S&P 500 hits new record high as investors shrug off sticky inflation data

Investors are bracing against a potential surprise in the crucial CPI inflation print, a key input into the Fed's policy deliberations.

finance.yahoo.com

 

[longcast]

Stock market today: US futures steady with investors on data watch

Investors are bracing against a potential surprise in the crucial CPI inflation print, a key input into the Fed's policy deliberations.

finance.yahoo.com

 

[Snapprhead27]

My friends father in law is crushing it with NVDA right now. He got in a real good time and is still riding it.

 

[longcast]

I have been playing with NVDA for a bit. Deciding if the $178.32 lot should go. Pigs get fat, hogs get slaughtered. LOL

I have some higher lots, but this one is the best. I held on to it.