Business
The Fed held interest rates steady, but these officials see more hikes coming soon
Dallas Fed’s Lorie Logan sees “at least” 50 basis points in additional hikes.
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The selloff in tech stocks is shifting into overdriveTechnology stocks had been priced for perfection. They are now getting hammered.Microsoft is winning the cloud wars and becoming Wall Street’s new golden childVarious factors indicate that Microsoft is in a better financial position than its cloud rivals, analysts say.American workers are finding their take-home pay isn’t keeping up with inflation, with their wallets ‘stretched thinner and thinner’Worker compensation grows slower than inflation for second straight quarterYou can expect the stock market to rally no matter who wins on Election DayAlso in Weekend Reads: Dividend stocks, a way to jump on the Anthropic bandwagon ahead of its IPO, and advice from The Moneyist.The big winners of the tech wreck are biopharma stocksThe shares of large drugmakers like Lilly, Gilead and J&J keep hitting record highs.After Intel’s historic stock drop, analysts say there’s no reason to buy the dip“A cheaper stock does not necessarily offer better value,” one expert says.This page holds the headline and a short snippet as published by MarketWatch, whose feed they came from. The story itself, the photography and the rights stay with them, and the button above goes straight to their site. We keep this page so the headline has a stable address and a record of when it ran.
