USA News 🇺🇸

The number of Americans filing for unemployment benefits rose slightly last week, with claims increasing by 6,000 to 225,000 for the week ending September 28, according to the Labor Department. This surpassed analysts’ expectations of 221,000 but remains historically low.

Unlike mutual funds, which often distribute annual capital gains to shareholders in November and December, most ETFs do not require such distributions. This allows investors to manage their tax burden more effectively and avoid additional tax liabilities.

Tesla reported a disappointing increase in third-quarter deliveries, missing market expectations. Despite offering various incentives and financing options, the electric vehicle (EV) maker struggled to attract enough buyers for its aging EV models. As a result, Tesla’s stock dropped over 6%, reflecting investor concerns.

With the recent Federal Reserve rate cut and the upcoming expiration of the Trump tax cuts at the end of next year, savers may face both lower returns on savings and higher taxes on the interest they earn

A potential port strike set to begin on or after October 1 could have significant impacts on the U.S. economy, as dockworkers prepare to halt operations at several major ports along the East Coast and Gulf Coast. Experts are warning that such a disruption could fuel inflation and lead to widespread layoffs in manufacturing industries.

The gold rally of 2024 continues to surge, with the most traded gold futures contract hitting a new record of $2,687.30 on Tuesday, following last week’s Federal Reserve half-point interest rate cut.

US stock futures stalled Wednesday as investors awaited key economic data amid rising recession fears. This comes after record highs in the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F), though both saw little movement, while the Nasdaq 100 (NQ=F) dipped 0.3%.

Hedge funds are snapping up U.S. tech stocks as the Federal Reserve’s anticipated 50 basis point rate cut drives interest rates lower. According to a Goldman Sachs report, hedge funds purchased tech and media stocks at the highest rate in four months.

The USA General Elections have a noticeable impact on stock market performance, particularly on major indices like the S&P 500 Index.