The CPI fell in June. Great! But the Fed wants confirmation from its favorite inflation gauge.

by OverviewFX | Jul 11, 2024 | Stocks

The first decline in consumer prices in four years is just an hors d’oeuvre for the Federal Reserve. Its appetite to cut U.S. interest rates won’t be fully sated until the Fed gets more weak readings in its preferred inflation gauge.

Tech selloff may drive Magnificent Seven’s worst day since 2022 by this metric

by OverviewFX | Jul 11, 2024 | Stocks

Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.

Intuitive Machines’ stock climbs 9.3%, on pace for longest winning streak since March

by OverviewFX | Jul 11, 2024 | Stocks

Shares of Intuitive Machines, which is currently up seven of the last 10 days, rose on no apparent news Thursday.

Free checking isn’t free: How your bank could be stiffing you out of $831 a year

by OverviewFX | Jul 11, 2024 | Stocks

Low-paying checking accounts cost Americans $103 billion in lost interest.

SoundHound’s stock pops again en route to best two-day stretch since March

by OverviewFX | Jul 11, 2024 | Stocks

The company recently announced live voice-assistant integrations with carmakers in Europe.

Trump could ‘seek vengeance’ on Powell, Fed for September rate cut

by OverviewFX | Jul 11, 2024 | Stocks

If Federal Reserve Chairman Jerome Powell and his fellow board members “proceed with an interest rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”