Online trading platforms down for thousands, Downdetector shows

Category: Finance

Charles Schwab, Fidelity Investments, and Vanguard experienced significant outages amid a global stock market decline, with over 15,000 reports for Schwab and thousands for Fidelity and Vanguard. The outages coincided with a drop of more than 1,200 points in the Dow Jones Industrial Average.

Keywords: Stock Market, Brokerage Outages, Economic Concerns

Source: CBS News

Update At: 8/6/2024

Related Sources

Costco Stock Outlook: Wall Street Says Buy After Membership Price Hike - Markets Insider

Costco's stock is considered a buy after the company raised its annual membership fees for the first time in seven years. Bank of America expects Costco to gain market share and increase earnings visibility. The stock price target was raised to $962 per share, with a 12% potential upside. Costco's annual membership fees will increase on September 1, with the Executive membership fee rising to $130 and offering a 2% cash back reward. The fee hike is expected to boost membership fee income by $400 million over the next two years.

Markets Insider

Netflix stock falls as revenue guidance disappoints

Netflix reported second quarter earnings that beat expectations, but the stock fell due to a revenue outlook miss for the current quarter. Despite revenue growth and subscriber additions, concerns arise about long-term growth sustainability.

Yahoo Finance

CPI inflation report June 2024:

The monthly inflation rate decreased in June for the first time in over four years, giving the Federal Reserve more reason to consider lowering interest rates. The consumer price index fell by 0.1% from May, with the core CPI increasing slightly. The report suggests that the Fed may move towards a rate cut in September.

CNBC

June CPI Report Comes in Soft: What the Experts Are Saying About Inflation | Kiplinger

Inflation cooled markedly last month, raising the odds for a September rate cut after prices fell for the first time in almost two years. Experts suggest the Federal Reserve could cut interest rates more than once before year-end.

Kiplinger's Personal Finance

Prices fell in June for the first time since the start of the pandemic | CNN Business

Consumer Price Index dropped 0.1% from May, slowing annual inflation to 3%. The better-than-expected inflation report raised hopes for a Federal Reserve rate cut. US stocks reacted positively but settled lower. Cooling inflation may lead to rate cuts in the coming months. Shelter costs moderated, contributing to the overall slowdown in inflation. Major retailers are announcing price cuts as consumers become more price-conscious.

CNN

Costco Just Did Something It Hasn't Done in 7 Years. Here's How It Could Boost the Stock. | The Motley Fool

Costco Wholesale announced an increase in membership fees, aiming to boost profits indirectly by attracting new members and offering better value. The company's business model relies on low-margin retail sales supplemented by membership fees, with a focus on customer satisfaction and long-term profitability.

Motley Fool

Will Meta Platforms Do a Stock Split in 2024? | The Motley Fool

The article discusses the possibility of Meta Platforms (formerly Facebook) doing a stock split, the impact of stock splits on companies, and the potential scenarios for Meta Platforms. It also highlights the importance of focusing on the long-term outlook of the business rather than short-term events like stock splits.

Motley Fool

CPI declined in June | ABA Banking Journal

The Consumer Price Index edged down 0.1% in June on a seasonally adjusted annual basis, after being unchanged in May. The index for all items less food and energy, the “core CPI”, rose 0.1% in June. The index for shelter, food, and energy experienced various changes in June. The energy index fell 2.0% in June, with notable decreases in gasoline and fuel oil indexes. The article also covers topics such as mortgage rates, FDIC chair nominee's stance on capital requirements, and FinCEN's alert on financing related to Israeli extremist settler violence.

ABA Banking Journal

Buy Costco stock as shares are poised to rally 12% after the company raises membership fees for the first time since 2017

Costco stock has a 12% upside after raising its annual membership fees for the first time since 2017, according to Bank of America. The fee increase is expected to boost earnings visibility and share gains for Costco in the current environment.

Yahoo Finance

JPMorgan shuffles its European media stock ratings By Investing.com

JPMorgan has revised its outlook on the European Media sector, favoring domestic European value over U.S. exposure in the improving macro environment. Upgrades include ProSiebenSat1 Media and Mediaforeurope to 'overweight', with Vivendi being the best idea for the second half of the year. Downgrades include Publicis and Wolters Kluwer.

Investing.com