Mindblown: a blog about philosophy.

Key Points The Nasdaq Composite slipped 0.1%, the S&P 500 0.2%, and the Dow 0.4% by midday Friday. Bitcoin jumped past $80,000 after the SEC cleared a regulatory path for tokenized stocks. Warren Buffett is stepping down as Berkshire Hathaway chairman, with son Howard taking over the role. Stocks drifted lower Friday as the 10-year…

As of 11:44 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.19% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.13% to 26,384, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.42% lower at 51,561 as indexes retreated. Gold is trading at $4,354.92, up 0.33%, while the 10-Year Treasury yield is up 5 basis…

Investing legend Warren Buffett further pared back his role at Berkshire Hathaway, announcing Friday that he has stepped down as the conglomerate’s chairman. In a letter to shareholders, he suggested his age, 96, weighed on his decision, saying that one of his great grandchildren just turned 1, and is “moving a bit faster than I…

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Image from Pixabay Dell Technologies (DELL) stock trades at about $588, and the options market has already priced where it is most likely to sit twelve months from now: there is a two-in-three chance it lands between roughly $290 and roughly $1,180. That band is what a holder is carrying, in dollars. It prices the…

Morgan Stanley Investment Management hopes to convert nearly $10 billion of muni mutual funds into exchange-traded funds, the latest sign of investor demand shifting from mutual funds to ETFs. Processing Content “The appetite for actively managed municipal ETFs is growing, and we believe the potential conversions will allow our municipal investment team to offer ETF…

The Federal Reserve doesn’t set student loan rates directly, but its federal funds rate influences the 10-year Treasury yield (which determines federal loan rates) and the prime rate (which determines private loan rates). But exactly how the Fed affects your cost of borrowing depends on the type of student loans and interest rate you have.…

Quick Summary Table of Contents Nasdaq-100 futures gained 0.3% during Friday’s pre-market session while Dow futures edged lower and S&P 500 futures remained relatively unchanged Federal Reserve officials raised interest rates by a quarter point and indicated at least one additional increase is likely in 2024 The dollar index climbed to its strongest position in…

The Federal Reserve just raised interest rates for the first time in three years, and Wall Street is already pricing in more pain. After the FOMC unanimously voted to lift the federal funds target range by 25 basis points to 3.75%-4.00% on September 16, major banks are now lining up behind the expectation that October…