Stocks Retreat as Powell Signals Caution on Rate Cuts

Written By Timmy Adami

November 14, 2024

MRKT Matrix - Thursday, November 14th

  • Dow loses 200 points as postelection rally cools, Powell signals caution on rate cuts (CNBC)

  • Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates (CNBC)

  • Greenlight’s David Einhorn says the markets are broken and getting worse (CNBC)

  • Why the Dollar Keeps Getting Stronger (New York Times)

  • Exclusive: Trump's transition team aims to kill Biden EV tax credit (Reuters)

  • Disney’s Streaming Unit Swings to Profit as Cable and Theme Parks Lose Steam (WSJ)

  • Why Goldman Stands Out as a Trump-Era Winner on Wall Street (WSJ)

  • ETF flows on track to hit record above $1 trillion by year-end, VettaFi data shows (CNBC)

  • Nvidia Partners Hon Hai, Quanta See Strong AI Demand Into 2025 (Bloomberg)

  • Meta to Launch Ads on Threads in Early 2025 (The Information)

  • AI Chip Designer AMD Lays Off 40% of Global Workforce (The Information)

Timmy Adami
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