A divided Fed is expected to settle on a 25-basis-point rate cut this week. The key question is, what comes next?
Will future cuts come at every meeting this year, or at a more cautious pace? Source link...
MARKET
Workers hold more stocks in their retirement accounts — but do they know the risk?
Target-date funds have helped many investors, but the volatility can be substantial Source link...
SpaceX deal sends EchoStar’s stock soaring. Why Musk is buying $17 billion in wireless spectrum.
EchoStar’s stock soars further into record territory after a $17 billion deal to sell spectrum to Elon Musk’s SpaceX. Source link...
‘This is to gain control of the most powerful agency in government’: A look at Treasury Secretary Bessent’s essay against the Fed
Bessent wants to set up an independent review that would result in a much smaller central bank. Source link...
Big Warren Buffett–backed merger calls it quits as Kraft Heinz announces breakup
Ten years after Warren Buffett backed the merger of Kraft Foods and Heinz, the combined company is breaking up, as Kraft Heinz Co. on Tuesday confirmed what Wall Street has expected for months. Source link...
Feeling Powerball fever as the jackpot hits $1 billion? This former lottery addict who lost around $1 million has a warning for you.
Adam Osmond gambled away a fortune on lottery games, but he eventually sought help. Source link...
Medicare Advantage brokers could now focus more on making money and on commercials than on your healthcare
The court said an attempt to curtail payments for brokers was an overreach by the Centers for Medicare & Medicaid Services. Source link...
After 9 months on hold, the Fed could cut rates in September. Why the long pause may extend stocks’ rally.
The long pause between rate cuts could be particularly bullish for equities, potentially extending and broadening the stock market’s rally, analysts said. Source link...
Here’s the secret Powell, Trump and Bessent aren’t telling us about gold and bitcoin
The inevitable gold-price reckoning that could fund Trump’s bitcoin ambitions — and sting your bank account. Source link...
US Open prize money this year is the most ever given out at a tennis tournament: $90 million
The men’s and women’s singles winners will each earn $5 million at the 2025 US Open Source link...
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