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☆ Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
▼ + stars: | 2024-09-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant's flagship credit card program from Goldman Sachs , a person with knowledge of the negotiations said. But the move shows the extent to which Apple's choices were limited when Goldman Sachs decided to pivot from its ill-fated retail banking strategy. There are only a few card issuers in the U.S. with the scale and appetite to take over the Apple Card program, which had saddled Goldman with losses and regulatory scrutiny. JPMorgan is the country's biggest credit card issuer by purchase volume, according to the Nilson Report, an industry newsletter. Apple and JPMorgan declined to comment on the negotiations, which were reported earlier by the Wall Street Journal.

Persons: JPMorgan Chase, Goldman Sachs, Goldman, Nilson Organizations: Apple, JPMorgan, Apple Card, Wall Street Locations: U.S

☆ Former Dallas Fed President Robert Kaplan: I would be advocating for a 50 basis point rate cut
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: I would be advocating for a 50 basis point rate cutRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed President, joins 'Squawk Box' to discuss the Fed's policy meeting this week, what to expect from the central bank on interest rates, why he's advocating for a 50 basis point rate cut, state of the economy, and more.

Persons: Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed

☆ The Archegos disaster isn't over yet for banks as the feds reportedly revive criminal antitrust probe
▼ + stars: | 2024-09-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewFederal prosecutors are reexamining Wall Street banks that lost billions in the 2021 Archegos collapse, anonymous sources told Bloomberg. The revived probe follows just months after Archegos' founder Bill Hwang was convicted of fraud, racketeering, and market manipulation in July. AdvertisementHowever, this plot fell apart when the stocks fell in March 2021, sending Archegos's $150 billion in bets fell into freefall. After an agreement failed to materialize, banks such as Goldman Sachs and Morgan Stanley unleashed their shares onto the market. Sources told Bloomberg that the department has begun making inquiries, with special attention paid to the 2021 banks' emergency discussions.

Persons: —, Archegos, Bill Hwang, Hwang, Goldman Sachs, Morgan Stanley Organizations: Service, Bloomberg, US Department of Justice, Business, Credit Suisse, Nomura, UBS, DOJ Locations: freefall

☆ CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Gary Hershorn | Corbis News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineTechnology stocks benefit the most from low interest rates, conventional market wisdom says. When rates are low, that proposition appears attractive because returns are low elsewhere. This implies investors have been moving out of tech to other sectors that might experience tailwinds amid lower rates.

Persons: Gary Hershorn, Goldman Sachs, Christopher Barto, It's, CNBC's Hakyung Kim, Pia Singh, Yun Li Organizations: Trade Center, Corbis, CNBC, Nvidia, Meta, U.S . Federal, VanEck Semiconductor, Nasdaq, Dow Jones, Fort Pitt Capital Locations: Manhattan, Jersey City , New Jersey

☆ Gold's rally to records shows no signs of slowing
▼ + stars: | 2024-09-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Gold prices just won't stop rising. Year to date, gold is up nearly 26% — outpacing the S & P 500's 18% gain. Since ETF holdings only increase gradually as the Fed cuts, this upside is not yet fully priced in." Investors seeking exposure to gold can obtain it through exchange traded funds, such as the SPDR Gold Shares ETF (GLD) . The fund, which tracks gold prices and charges 0.4% in fees, is up nearly 25% in 2024.

Persons: Goldman Sachs, Lina Thomas, Thomas, Christopher Danely Organizations: Reserve, Goldman, Miners, Gold Miners, Citigroup, Micron Technology

☆ Gold hovers near record high ahead of Fed rate verdict
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +2 min

An employee puts gold bullions into a safe deposit box at Degussa shop in SingaporeGold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut. Spot gold was steady at $2,581.68 per ounce as of 0254 GMT. Bullion rose to a record high of $2,589.59 on Monday. Goldman Sachs reiterated its optimistic outlook on gold prices. "We find that ETF holdings backed by physical gold continue to rise gradually as the Fed policy rate comes down," it said in a note on Monday.

Persons: Yeap Jun Rong, there's, Nicholas Frappell, Goldman Sachs Organizations: U.S, U.S . Federal, ABC Refinery, Palladium Locations: Singapore, ., U.S .

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead. "If I were sitting at the table, I would be advocating for 50 in this meeting," Kaplan said during a "Squawk Box" interview. One basis point equals 0.01%. Kaplan ran the Dallas Fed from 2015-21 and is now a managing director at Goldman Sachs.

Persons: Robert Kaplan, Kaplan, Jerome Powell, Jay Powell, Goldman Sachs Organizations: Dallas Fed, CNBC, Federal

☆ The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC

☆ India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.

Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China

☆ Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more
▼ + stars: | 2024-09-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Upstart Holdings – Shares of the personal finance firm fell 5% after the announcement of a new debt offering. Sprouts Farmers Market – Shares of the supermarket chain rose nearly 5% following an upgrade to outperform from in line at Evercore ISI. The investment firm wrote that Sprouts, which specializes in organic products, could be a beneficiary of a trend towards healthier eating. Apple – Shares slumped 3% following reports of sluggish demand for some of the company's latest iPhone models. Yelp – Shares dropped 4% after Bank of America initiated coverage of Yelp with an underperform rating.

Persons: Nuvalent, Bausch, Goldman Sachs, Morgan Stanley, Donald Trump, Ming, Chi Kuo, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Financial Times, FT, Alcoa, Intel –, Bloomberg, Intel, Pentagon, Micron Technology, Evercore ISI, Trump Media & Technology, Apple –, TF Securities, Apple, JPMorgan, Bank of America Locations: California

☆ Nvidia shares climbed nearly 16% last week — read the latest from CNBC Pro here
▼ + stars: | 2024-09-16 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Nvidia stock got a boost last week as investors cheered comments by CEO Jensen Huang about the company's new AI chip rollout. Blackwell — Nvidia's next-generation processor — is a key focus for Wall Street amid some delays. This — and some other concerns — have hit the company's share price in recent weeks. Shares of the firm rallied 8% last Wednesday and rose nearly 16% over the week. In case you missed it, here's a round-up of all the top analyst calls and more over the past week:

Persons: Jensen Huang, Blackwell — Nvidia's, Huang, Goldman Sachs, ramping Blackwell Organizations: Technology Conference, Nasdaq, Nvidia Locations: San Francisco

☆ Goldman Sachs sees S&P 500 at 6,000 in 12 months, gives basket to play lower rates
▼ + stars: | 2024-09-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank sees the S & P 500 rising about 6% to 6,000 in the next 12 months from Friday's close of 5,626.02. "Resilient economic growth should lead to modestly higher bond yields while continued earnings growth drives modestly higher equity prices," David Kostin, Goldman's head of U.S. equity, said in a note to clients on Friday. Wall Street is counting on lower corporate and consumer borrowing costs to boost earnings growth and stock prices. With multiples flat, EPS growth will lead the S & P 500 modestly higher." Goldman believes stocks with a "long duration" could outperform in a falling interest rate environment.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Russell, Goldman's Organizations: Federal Reserve, Electric, Rivian Automotive, Lucid, Costco Wholesale Locations: U.S, Friday's

☆ Elon Musk's Tesla and 18 other stocks can soar if Trump wins — but investors in these 19 companies should be cheering for Harris
▼ + stars: | 2024-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Here are 19 stocks that will do best if Republicans sweep, and 19 others to buy if Democrats win. Go to newsletter preferences Thanks for signing up! Either Donald Trump will take back the Oval Office, or Vice President Kamala Harris will get the promotion of a lifetime. Throughout 2024, Business Insider has rounded up ideas about the intersection of the election and markets from firms like Bernstein, Goldman Sachs, and Barclays, plus investing legends like Steve Eisman. This story is available exclusively to Business Insider subscribers.

Persons: Donald Trump, Kamala Harris, —, Bernstein, Goldman Sachs, Steve Eisman Organizations: Service, Republican, Democratic, Barclays, Business

☆ 25 cheap, quality stocks set for strong earnings growth in 2025: Goldman Sachs
▼ + stars: | 2024-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Read previewMidsize stocks are an investment straight out of the "Goldilocks and the Three Bears story," and Goldman Sachs believes they're destined for a fairy-tale ending. Goldman Sachs suspects that a reversal is coming as mid-cap earnings top those of large caps. And while small caps should post even higher earnings growth next year, that cohort is filled with unprofitable companies, Ma noted. "Low-quality segments of the market, such as small caps, will likely remain pressured at these levels due to weak balance sheets and low profitability." Below are 25 mid-cap stocks in the S&P 400 that Goldman Sachs spotlighted due to their solid balance sheets, double-digit expected earnings growth for 2025, above-average sales growth, and cheap valuations based on their forward earnings multiple versus their five-year median.

Persons: —, Goldman Sachs, Jenny Ma, Ma, they've, Goldman Organizations: Service, Business, Federal Reserve

☆ Brazil recently hit a record high. Why further gains may be harder to come by
▼ + stars: | 2024-09-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. It's a work in progress, and most likely will require further rate hikes by the central bank." BCA Research's Arthur Budaghyan agreed that the Brazilian central bank is unlikely to hike rates for very long. Against this backdrop, Budaghyan advises clients steer clear of Brazilian stocks in the near term. U.S. investors who want exposure to the Brazilian stock market can obtain it through the iShares MSCI Brazil ETF (EWZ) .

Persons: Bovespa, Fernando Haddad, Goldman Sachs, Alberto Ramos, Ramos, Arthur Budaghyan, Budaghyan Organizations: U.S . Federal, CNBC, U.S, Fed, BCA, Banco, MRB Partners Locations: Lower U.S, overcompensate, America, Banco Central, Brazil, U.S

☆ The 2 things that will determine whether last week's stock market rally will continue this week
▼ + stars: | 2024-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City

☆ Oracle gave a glimpse of the power AI has on its business. Where investors should look next
▼ + stars: | 2024-09-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.

Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO

DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. On Saturday, DirecTV and Disney said they reached a deal that called for “market based terms” on pricing. DirecTV will be able to offer Disney’s streaming services in its packages and a la carte, the company said in a release Saturday. The amount of customers DirecTV lost during the dispute was not “immaterial,” said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs’ Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said.

Persons: Disney, DirecTV’s, Jimmy Pitaro, “, It’s, ESPN’s Pitaro, ”, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: DirecTV, Disney, ESPN, ABC, SEC Network, ACC Network, CNBC, U.S ., Hulu, Charter Communications, Technology Conference, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC

Disney's networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. DirecTV called Disney anti-consumer, and ESPN Chairman Jimmy Pitaro called the responses DirecTV made to Disney's package offers "basically hypotheticals." The amount of customers DirecTV lost during the dispute was not "immaterial," said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs' Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said. This was the second dispute in a year that left pay TV customers without Disney's networks.

Persons: Disney, DirecTV's, Jimmy Pitaro, It's, ESPN's Pitaro, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: Clemson Tigers, season's, Clemson, NCAA Division, DirecTV, Disney, ESPN, U.S ., Atlanta Falcons, Philadelphia Eagles, CNBC, & Technology Conference, ABC, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC, Charter Communications

☆ Nvidia CEO Jensen Huang revived the AI trade this week. Here's how the pros are playing it
▼ + stars: | 2024-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. Nvidia shares rallied more than 8% on the heels of Huang's remarks, which soothed some recent market jitters over the delayed payoff from AI investments. For the week, AI and semiconductor names such as Advanced Micro Devices, Marvell Technology, Super Micro Computer and Broadcom rallied double digits. NVDA 1M mountain Nvidia shares over the past month. Longer term, he views Apple as the leading AI device play and AI personal assistant, especially as more consumers adopt its Vision Pro headset.

Persons: Jensen Huang, We're, Huang, Goldman Sachs, Huang's, Jensen, John Belton, CFRA's Angelo, Apple, Zino isn't, Belton, Mark Malek Organizations: Nvidia, Technology, Devices, Marvell Technology, Micro Computer, Broadcom, Gabelli, Taiwan Semiconductor Manufacturing, Meta, Micron Technology, Apple Intelligence, Dell, Materials, KLA Corporation, Microsoft

☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
▼ + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."

Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S

☆ Sam Altman may be in his villain era, but no one seems to care
▼ + stars: | 2024-09-14 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.

Persons: —, Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, —, Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley

Lower interest rates may impact your investment portfolio following the Fed's first rate cut. "They get spooked by something like policy changes and sell out of a diversified investment portfolio. "Generally, lower interest rates boost the economy as lending gets cheaper for consumers and businesses, " says Eckles. However, as interest rates fall, the attractiveness of these cash investments declines. The inverse relationship between bond prices and interest rates means that as rates fall, bond prices rise, providing another return component.

Persons: Banks, Goldman Sachs, JP Morgan, Bakkum, Pam Krueger, annualized, Jaime Eckles, Plante Moran, doesn't, We've, Krueger, Cash Organizations: Federal Reserve

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