Workday is pivoting more toward profitability during a tougher growth period for back-office software.
Chair Jerome Powell strikes dramatic rate-cut tone cuts while keeping all options on Fed’s table.
If you think your stocks have been doing well this year, look at gold.
Peloton’s stock followed a record rally with another gain on Friday, but J.P. Morgan recommended investors stop buying because although quarterly results were encouraging, the outlook remains too uncertain.
Also: Powell’s dovish words, income investments and more trouble for the Moneyist.
Federal Reserve Chair Jerome Powell on Friday signaled a willingness to cut interest rates, which will likely push mortgage rates down in the near term, economists say.
Sales of newly built homes in the U.S. surged unexpectedly in July, as home builders saw a bump in demand due to falling mortgage rates.
The Federal Reserve is preparing the first rate cut in four years, but that isn’t scaring individual investors away from T-bills and Treasury notes, BofA Global said.
