CNBC’s Jim Cramer said Wednesday that investors do not need to make major changes to their strategy as a result of Federal Reserve Chairman Jerome Powell‘s closely watched news conference. “Arguably, you don’t need to do a thing,” the “Mad Money” host said after parsing through Powell’s comments earlier in
How Do Traders Use CCI (Commodity Channel Index) to Trade Stock Trends? The CCI, or Commodity Channel Index, was developed by Donald Lambert, a technical analyst who originally published the indicator in Commodities magazine (now Futures) in 1980. Despite its name, the CCI can be used in any market and is
President Joe Biden and Russian President Vladimir Putin agreed on Wednesday to resume stalled nuclear talks and return their ambassadors to their foreign posts, two concrete outcomes that emerged from their summit in Geneva. Putin said at a press conference that his talks with Biden were “very productive” and “there has been
A mobile Covid-19 vaccination centre outside Bolton Town Hall, Bolton, where case numbers of the Delta variant first identified in India have been relatively high. Peter Byrne | PA Images | Getty Images The delta Covid variant, first detected in India, has now spread to more than 80 countries and
Satya Nadella speaking at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Microsoft said Wednesday that CEO Satya Nadella is becoming the chair of the company’s board, replacing independent director John Thompson, following a unanimous vote of the software company’s board. The change reflects the
One of the great misconceptions about credit card debt is that the cards themselves are bad. The truth is, they’re really not. Rather, it’s the effect of double-digit interest rates that make them so toxic to our personal finances. The exponential growth of an account balance quickly causes purchases we thought we’d easily pay
The Social Security Trust Fund is an account managed by the United States Treasury that takes in Social Security payroll taxes from workers and their employers and pays out benefits to Social Security recipients. It invests in securities that are backed by the full faith and credit of the U.S.
FOMC June 2021 Highlights The Federal Open Market Committee (FOMC) ended its June 15-16, 2021 meeting by announcing no change in policy. While recognizing that inflation has risen, they attribute this mainly to “transitory factors” that will abate. However, the consensus of members is that the federal funds rate will