Author: Money Mechanics

Key Takeaways The Fed cut interest rates Wednesday to help boost the job market, and upcoming economic data will show if the job market is still weakening, as it has been for the past few months.Fed officials are divided about whether to cut interest rates again or keep them higher for longer to quash inflation. The Federal Reserve cut its key rate by a quarter-point Wednesday for the third time in as many meetings—but it’s far from certain that more cuts are on the way anytime soon.Wednesday’s move brought the fed funds rate to a range of 3.5% to 3.75%.…

As more and more shoppers turn to Walmart for both everyday essentials and their holiday shopping, you might be wondering whether you can really get gift-worthy items from the budget-friendly retailer. The answer is, you absolutely can.The retailer has taken big steps over the last couple of years to revamp its fashion selection and bring in more premium brands in a bid to get wealthy shoppers to shop at Walmart.Walmart is an especially great place to shop for all the little ones in your life. From the top trending toys for toddlers and kids to the most coveted brands for…

(Image credit: Getty Images)The oldest of the three main U.S. equity indexes opened higher and held its ground all the way through a widely expected rate-cut announcement, Fed Chair Jerome Powell’s press conference and the closing bell on Wednesday. The S&P 500 and the Nasdaq Composite were up and down throughout Fed Day but also surged on what many market participants may see as a “Goldilocks” scenario unfolding for the economy.After a third-quarter-point reduction since September, the target range for the federal funds rate is now 3.50% to 3.75%. According to Louis Navellier of Navellier & Associates, the latest move…

Key Takeaways Eli Lilly said it plans to build a $6 billion facility in Alabama to produce its experimental weight-loss pill, orforglipron.The drugmaker anticipates seeking approval for orforglipron from regulators by the end of the year. With demand for weight-loss drugs soaring and an agreement with the White House to produce more medicine in the U.S., Eli Lilly (LLY) is taking steps to boost its domestic output. The drugmaker said Tuesday it plans to build a $6 billion facility in Huntsville, Alabama to make medicines including orforglipron, its experimental pill to treat obesity and Type 2 diabetes. The company plans…

Key Takeaways Bitcoin popped a bit after today’s Fed decision, though around the close of regular trading the crypto coin had given back some of its gains. Crypto investors may have been signaling both relief that the Fed delivered its rate cut as expected, and concern that its plans aren’t as aggressive as some hoped. Bitcoin got some of what it wanted from the Fed today. But what’s next? The price of bitcoin (BTCUSD) climbed toward $94,000 as the Federal Open Market Committee cut its target rate by a quarter percentage point, as widely expected, then handed back a few…

Vision Capital Fund, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned +15.6% net, YTD, compared to +14.8% for the S&P 500 for the same period. Since its inception on October 1, 2024, the fund has returned a cumulative of +27.8% net, compared to +17.6% for the S&P 500. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its third-quarter 2025 investor letter, Vision Capital Fund highlighted stocks such as Lululemon Athletica Inc. (NASDAQ:LULU). Lululemon Athletica Inc. (NASDAQ:LULU) designs,…

In-brief analysis December 10, 2025 Data source: U.S. Department of the Interior’s 2025 list of critical minerals; U.S. Department of Energy’s 2023 list of critical materials and a recently proposed additionNote: This Today in Energy article launches the Energy Minerals Observatory, a new project of the U.S. Energy Information Administration. In 2026, as part of the Observatory and the Manufacturing Energy Consumption Survey (MECS), EIA plans to conduct field studies of three minerals: graphite, vanadium, and zirconium. Critical minerals, such as copper, cobalt, and silicon, are vital for energy technologies, but most critical…

Last week’s scenario? Played out perfectly. bulls smashed through the key red resistance zone just above 5900, closed the gap, and broke that long-standing psychological wall at 6000. What happened next? A textbook follow-through. Asia picked up the bullish baton, the market gapped higher and … printed fresh highs at 6213.50.  So, what now?  With daily indicators flashing warning signals, and key technical levels getting closer… we’re entering a zone where momentum, discipline and precision matter most. Daily Chart (D1): The Breakout That Ignited the Fire  In our Friday’s Lab Note, we wrote the following:  (…) the critical support zone (the…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. December 10, 2025 Federal Reserve Board and Federal Open Market Committee release economic projections from the December 9-10 FOMC meeting For release at 2:00 p.m. EST The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the December 9-10 meeting. For media inquiries, email [email protected] or call 202-452-2955. Projections (PDF) | Accessible Materials Last Update: December 10, 2025 Source link

NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court.Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.”We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit.Asked by host Andrew Ross Sorkin — the founding editor…