Mindblown: a blog about philosophy.

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…

Over the past year, Tesla (NASDAQ:TSLA) has handed investors four quarterly delivery reports, and its stock fell on the day of every one of them. That includes July 2, when the electric-car maker reported 480,126 second-quarter deliveries, about 74,000 more than analysts were expecting, and shares dropped about 7% anyway. Missed AI’s “Act 1”? Act…

Artificial intelligence (AI) infrastructure spending isn’t showing any signs of slowing down. Industry bellwether Nvidia (NASDAQ:NVDA) noted on its August earnings call that the top five U.S. hyperscalers alone are on track to clock $800 billion in capital expenditure this year. Even better, Nvidia projects that this figure will jump to $1.3 trillion in 2027.…

A roughly $5.15 million outflow from US spot XRP exchange-traded products on Sept. 17 interrupted a $192 million inflow month. The reversal creates the first clean test of whether recent demand is cooling, yet the broader flow pattern still favors the buyers. Maketo’s five-fund series remained about $10 million positive for the rolling week through…

The Social Security cost-of-living adjustment, or COLA, is something that millions of Social Security recipients watch every year. In simple terms, the COLA provides a much-needed raise to help seniors keep up with the rising costs of living. However, while millions of seniors will be watching for the COLA, the exact timing of the announcement…

Rising Treasury yields and oil prices were back in focus, weighing on stocks in late-morning trade Friday. Meanwhile, the Conference Board’s index of leading economic indicators missed estimates for August, casting further gloom on sentiment. Also, energy names did well with Par Pacific (PARR) testing a buy point on the stock market today. In late-morning…

The S&P 500 (^GSPC -0.19%) is hovering near record highs. For some investors, that raises the question of what to do with the money they want to put into the market. Do you keep buying stocks and hope that prices can keep moving higher? Or do you wait for what’s likely an inevitable correction and…

Warren Buffett is making a change. The 96-year-old billionaire investor, who is worth $144.7 billion, shared news with his shareholders on Friday, September 18 that he stepped down from his role as chairman of Berkshire Hathaway after more than five decades. “Father Time always wins,” he wrote in a letter to shareholders. “He has, however,…

Since taking over the role of Chairman of the Federal Reserve in May, Kevin Warsh has been adamant that he would deliver price stability. In the meantime, inflation has continued to climb higher, moving further away from the Fed’s goal of 2% annualized price increases. In his third Federal Open Market Committee (FOMC) meeting as…