The market is pricing in an 89% chance of a 25 basis points rate hike by the Federal Reserve next Wednesday, driven by a core CPI reading of 0.3% month-over-month, higher than the expected 0.2%. This breaks previous expectations that the Fed would hold rates steady before the midterm elections. The 10-year Treasury yield nearing 5% adds pressure on the Fed to act quickly to control inflation. Despite expectations of a stock sell-off, high beta stocks rose, suggesting the market may be anticipating the hike. The author remains neutral on the broader market and prefers holding cash in the short term due to uncertainty.
Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to ...
New Jersey American Water received approval for rate increases that will add $68 million annually to its revenue. This funding supports over $1.4 billion in critical infrastructure upgrades, including replacing aging water mains and improving treatme...
Ethereum (ETH) surged over 6.5% in under an hour to reach $2,663, its highest since February, following U.S. Consumer Price Index data that met expectations. This rally triggered $215 million in short position liquidations and reduced ETH's year-to-d...
SCHD and JEPI ETFs serve different income strategies: SCHD focuses on steady, growing dividends from strong company cash flows, ideal for long-term compounding and taxable accounts. JEPI provides higher monthly income by selling options, generating f...
abrdn U.S. Closed-End Funds announced dividend payments on September 30, 2026, for shareholders recorded by September 22, 2026. The distributions vary by fund, with amounts ranging from $0.02 to $0.26 per share. The abrdn Global Infrastructure Income...
