Wall Street’s leading prognosticators are cutting their 2025 outlooks for the S&P 500 Index at a faster pace than at the start of the pandemic, though many still expect equities to finish the year higher.
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Buy-and-hold is a smart strategy for investors looking to stay in the market in the long term. Look at ETFs to make it easy. Harvard University pushed back against the US government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America. Urban Institute Nonresident Senior Fellow Sandy Baum has more on the story. (Source: Bloomberg) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/itvKIZ3nWlDA/v3/1200x-1.jpg The stock market picked up steam as the holiday-shortened week wound down. The S&P 500 was up 0.8%. The Nasdaq Composite was up 0.5%. The Dow was down 300 points, or 0.8%, though UnitedHealth on its own was shaving 843 points off the index. One stroller company is warning customers that price hikes due to new US tariffs are unavoidable, while an environmentally friendly cleaning-product brand is providing an itemized list of goods that are getting more expensive. A luggage retailer, meanwhile, has described the situation as “a complete dumpster fire.” https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iNNFaduVQjko/v1/1200x-1.jpg The major U.S. equities indexes were mixed at midday Thursday, with the Dow Jones Industrial Average down close to 400 points as UnitedHealth Group shares plunged. Adam Goldstein, CEO and co-founder of Archer Aviation unveils their latest plans to transform the NYC Air Taxi landscape, linking Manhattan to major airport. He joins Ed Ludlow on “Bloomberg Technology”. (Source: Bloomberg) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i6HMwSNG7HdQ/v3/1200x-1.jpg London’s FTSE 100 edged just 0.06 points higher at 8,275.66. Logistics company Rumo SA is seeking partners to expand its railway operations and transshipment terminals in Brazil, according to people familiar with the matter. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVFmzAAgZATo/v1/1200x-1.jpg Concerns over slowing discretionary spend and rising trade pressures lead Seaport to cut ratings on key fintech names
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Air Taxis Could Be Coming to New York City
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Rumo Seeks Partners for Brazil Railways Expansion
Tariff Uncertainty Pressures PayPal, BILL as Seaport Issues Downgrades