- The Federal Reserve confirming three rate cuts this year sent the Dow, S&P 500, and gold to record highs. Inflation fell in Canada and the United Kingdom. Japan raised interest rates for the first time in 17 years.
- Justice Department brought an antitrust suit against Apple. Nvidia’s AI conference unveiled the “world’s most powerful chip” for AI. Micron stock popped on AI-boosted earnings. Cisco completed its acquisition of Splunk. Reddit had its hotly anticipated IPO.
- Unilever ditched Ben & Jerry’s. Joann filed for bankruptcy. JetBlue cut routes to lower costs. Stellantis partnered with California on clean car standards. United Steelworkers endorsed Biden.
- Nordstrom may go private. Private equity made a bid for Paramount’s film and TV studios.
- A lawsuit settlement may shake up the housing market.
Want $20,000 in Passive Income? Invest $50,000 in These Three Dividend Stocks
An investment of $50,000 in Ellington Financial Inc. (NYSE: EFC) and these two other stocks with generous dividends can generate over $20,000 a year in passive income.
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Over the past year, many companies have seen their shares tumble. However, these two beaten-down stocks could be presenting buying opportunities, as some on Wall Street think that they will roar back with a vengeance.
2 AI Stocks Wall Street Expects to Return Up to 809% in 2024
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