Corporate America just had one of the strongest earnings seasons in recent memory, but if you look at the stock market, you wouldn’t know that. Companies in the S&P 500 grew their profits by 13% in the fourth quarter, nearly six percentage points better than expected. They also offered optimism about the year ahead. The […]
U.S. stocks fell sharply on Wednesday after Federal Reserve Chairman Jerome Powell said a rate cut in December was not a foregone conclusion. “A rate cut in December is not a foregone conclusion. On the contrary,” Powell said at a news conference shortly after the Fed announced a 25 basis point rate cut as a […]