For much of the last three years, Wall Street's bull market rally has been virtually unstoppable. Over the last six months, we've observed the benchmark S&P 500 (SNPINDEX: ^GSPC) , growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) , and iconic Dow Jones Industrial Average (DJINDICES: ^DJI) touch psychologically important milestones of 7,000, 24,000, and 50,000, respectively. But things have been...
For much of the last three years, Wall Street's bull market rally has been virtually unstoppable. Over the last six months, we've observed the benchmark S&P 500 (SNPINDEX: ^GSPC) , growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) , and iconic Dow Jones Industrial Average (DJINDICES: ^DJI) touch psychologically important milestones of 7,000, 24,000, and 50,000, respectively. But things have been far more challenging for investors over the last six weeks . The Dow and Nasdaq Composite both briefly dipped into correction territory, while the S&P 500 flirted with a double-digit decline. Although the immediate blame lies with uncertainties tied to the Iran war, it's the longer-term implications for U.S. inflation that should have Wall Street on edge. Fed Chair Jerome Powell and the Federal Open Market Committee have a challenging road ahead. Image source: Official Federal Reserve Photo. Continue reading
Actor Hugh Jackman has put the sprawling New York City apartment he once shared with his ex-wife, Deborra-Lee Furness, back on the market for the discounted price of $28.75 million.
Actor Hugh Jackman has put the sprawling New York City apartment he once shared with his ex-wife, Deborra-Lee Furness, back on the market for the discounted price of $28.75 million.
Rosa María Carranza has worked and paid taxes for more than two decades, but a provision in the GOP's One Big Beautiful Bill Act will make her and an estimated 100,000 other lawfully present immigrant seniors ineligible for Medicare. Now Carranza's once secure retirement is in question. (Image credit: Hiram Alejandro Durán)
Rosa María Carranza has worked and paid taxes for more than two decades, but a provision in the GOP's One Big Beautiful Bill Act will make her and an estimated 100,000 other lawfully present immigrant seniors ineligible for Medicare. Now Carranza's once secure retirement is in question. (Image credit: Hiram Alejandro Durán)
Malaysia is facing renewed pressure to expand palm-based biodiesel as the Iran war drives up fuel costs, but industry and academic observers say high infrastructure costs and slow roll-out make it an unlikely source of quick relief. That tension has sharpened as the government confronts a swelling fuel subsidy bill and greater exposure to imported supply shocks. The finance ministry last month sai...
Malaysia is facing renewed pressure to expand palm-based biodiesel as the Iran war drives up fuel costs, but industry and academic observers say high infrastructure costs and slow roll-out make it an unlikely source of quick relief. That tension has sharpened as the government confronts a swelling fuel subsidy bill and greater exposure to imported supply shocks. The finance ministry last month said petrol and diesel subsidies could reach 4 billion ringgit (US$903 million) a month with crude oil...