Biggest Banks' Loan Yields Keep Falling Even as Fed Remains Wary
Save
President Donald Trump is frustrated that the Federal Reserve hasn't lowered interest rates this year. At the biggest US banks, loan yields are steadily dropping anyway.
The central bank reduced its benchmark rate by a full point last year and then stood pat, but the impact is continuing to filter through borrowing costs set by the banks.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
From Krispy Kreme to GoPro, has meme-stock trading frenzy returned?
Shares in struggling retailers and ageing consumer brands surged, as amateur traders cast aside Wall Street's skepticism and mobilized online. It's like 2021 all over again. But the latest meme-stock rally could be even bigger than its predecessor four years ago, when investors piled into recognizable but unloved stocks, such as the video games retailer GameStop and the movie theatre chain AMC, according to the founder of the Reddit forum that helped whip up the frenzy. Retailer Kohl's, camera firm GoPro, fast-food chain Wendy's and doughnut chain Krispy Kreme each staged rapid rallies this week, driven by abrupt surges in trading volume reminiscent of the the meme-stock craze of 2021, when social media memes boosted a collection of struggling stocks, triggering extraordinary and volatile leaps in value. Actress Sydney Sweeney helped bring clothing retailer American Eagle Outfitters into the mania after it was announced the Euphoria and White Lotus star would front the brand's latest marketing campaign. The company's shares surged about 10% in trading on Thursday. Meme stocks are 'about to leap-frog in size and scope and scale, so that retail traders are going to redefine what matters', according to Jaime Rogozinski, founder of the wallstreetbets Reddit forum behind many of the volatile rallies. 'The world of finance is clearly changing, with blockchain technologies encroaching, and AI agents that trade on their own,' he said. 'And the collective of retail traders is adapting along with it.' Rogozinski founded wallstreetbets in 2012, but said Reddit ousted him as a moderator in 2020. His bid to sue the social media company for trademark infringement was dismissed by the US court of appeals for the ninth circuit last month. The forum's users home in on stocks and share their own research. 'It's a decentralization of power of who can be financial analyst,' said Noor Al, a moderator on wallstreetbets. 'Great ideas can now come from anyone, anywhere. 'We're seeing the power of retail push stocks, sometimes to the tune of billions of dollars, through the power of ideas, the power of community and the power of the people,' he added. The meme-stock craze of 2021, which produced stars such as Roaring Kitty, was a product of the Covid era, when many amateur traders were stuck at home and flush with pandemic stimulus cash. Whether this latest frenzy produces similar winners is not yet clear. Kohl's finished the week up 32%, GoPro was up 66% and Krispy Kreme was up 41%. The rallies show some investors are willing to take on more risk, as stocks scale record highs and the market, dominated by big tech, becomes harder to beat. Often, meme-stock bets are unbound from economic fundamentals, as investors move to support a brand for romantic or ideological reasons. Donald Trump's Trump Media & Technology Group, home to Truth Social, is valued at more than $5bn on quarterly revenue of about $1m. The wallstreetbets ethos 'has always to some extent been about flaunting and exploiting the ironies, relevance or irrelevance' of the stock market, said Rogozinski, who pointed to Wendy's, the hamburger chain, as a good example. 'Wendy's has always been a meme that goes back a decade. It brings a smile to my face, because on Reddit there's always been this thing where they say: 'Sir, this is a Wendy's.' 'It's an inside joke, and I don't even get where it started. It's just a meme,' he added. The stock's fleeting rise – it rallied 10% in two days, but finished the week broadly flat – shows some retail investors do not necessarily care about the typical factors that drive the market, such as tariffs and war in the Middle East. 'It's this ability for us to almost make fun of the financial system.' Long-term institutional players will always get the last laugh, Rogozinski conceded, because prices will return to normal valuations. 'But in the short term there's lot of money to be had with this volatility, and the fact that stocks are able to move up and down with such ease is but a mere showcase for how the financial system needs a facelift in relevancy.' Related: Bed Bath & Beyond sees 'meme-stock' surge – but is it too little, too late? While current market conditions do not replicate the low interest rates and retail investor buoyancy of the Covid era, market records and a robust economy have made meme stocks attractive once again for some. 'You see all these indications where this is full-blown meme mania,' Brent Kochuba, founder of derivatives-data firm SpotGamma, told Bloomberg. 'The macro economic environment really favors the retail and speculative plays,' agreed Al. 'I think were only going to see more speculation and excitement. It's a good time to tune in, because retail players can react and provide insight faster.' Days traders are not necessarily bothered by a company's financial performance, said Rogozinski. 'You have this activist, elective investor who is saying, 'I don't care what the financial statements look like, I don't care what the discounted cashflow is, I like the food, I like the video-game store, I like the meme. So dude, you can go back to Excel spreadsheets if you want, but I really like the chicken tenders,'' he said. There is now a 'third component' to investment, beyond supply and demand, he claimed, 'which is, 'dude, I don't care if you think it's going to go up or not, or if they have assets or liabilities. I care about this company and I'm going to help it out. I'm going to go buy my jeans from American Eagle.'' Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
19 minutes ago
- Yahoo
AI Could Replace Millions of Jobs: Robert Kiyosaki Shares How To Stay Safe
As artificial intelligence (AI) continues to advance, it will have a significant impact on the workforce as we know it. According to a recent McKinsey report, 30% of hours currently worked across the U.S. economy could be automated by 2030, and a National University report found that 300 million jobs could be lost to AI globally. Check Out: Read Next: 'Rich Dad Poor Dad' author Robert Kiyosaki views this as a major cause for concern, especially for those who are just entering the workforce. 'AI will cause many 'smart students' to lose their jobs,' he shared on X. 'AI will cause massive unemployment. Many still have student loan debt.' However, all hope is not lost, as Kiyosaki offered his advice on how to prevent AI from eliminating your income. Robert Kiyosaki: AI Can't Take a Job That You Don't Have Kiyosaki isn't personally worried that AI advances will affect his cash flow. 'AI cannot fire me because I do not have a job,' he wrote. Kiyosaki bucked a traditional path to wealth and instead relies on his own business and investments for his income. 'Years ago, rather than listen to my poor dad's advice of 'Go to school, get good grades, get a job, pay taxes, get out of debt, save money, and invest in a well-diversified portfolio of stocks, bonds and mutual funds,' I followed my rich dad's advice,' he said. 'I became an entrepreneur, investing in real estate using debt, and instead of saving fake money, I have been saving real gold, silver and, today, bitcoin.' Learn More: Kiyosaki's Advice for AI-Proofing Your Wealth To avoid losing your income to AI, Kiyosaki advised workers to take action now to diversify their income sources. This means meandering off the typical path to wealth and focusing on earning money through entrepreneurship and investments rather than being reliant on an employer. 'Please take proactive action,' he wrote. 'Please do not be a victim of this time in history. Please take care, invest in your self and think for yourself. These are not ordinary times.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 How Much Money Is Needed To Be Considered Middle Class in Your State? 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on AI Could Replace Millions of Jobs: Robert Kiyosaki Shares How To Stay Safe
Yahoo
44 minutes ago
- Yahoo
ThinkCareBelieve: Week 27 American Stardom in the Hands of President Trump
Washington, DC, July 26, 2025 (GLOBE NEWSWIRE) -- Link to ThinkCareBelieve's Article: has published an article on Week 27 of America's rise to stardom. America is on a steady upward trajectory in the hands of President Trump. The article covers POTUS's tour of the Federal Reserve this week and made a thorough assessment of the $3.1 Billion renovation project. Winning the AI Race and American Energy Dominance was a big focal point and the White House Action Plan was released this week. "It's time to reclaim our heritage as a nation of builders." Potus told us. The article also goes into the 250,000 additional MLK Jr. documents which have been made available for the public at the National Archives and how DNI Tulsi Gabbard declassified the 2020 House Intelligence Committee report and related documents, which focused on the 2016 election, and released the statement that Obama administration officials manipulated intelligence to falsely claim that Russian interference helped Donald Trump win. "The American People deserve the truth." she stated at a press conference with Press Secretary Karoline Leavitt this week, 'I think it's a disservice to the American people that Former President Obama's office and others who are criticizing the transparency that is being delivered by releasing these documents. They are trying to deflect away from their culpability in what is a historic scandal.' The media has been put on notice to tell the American people the truth. ThinkCareBelieve's article has President Trump's 3 historic trade deals this week with the Philippines, Indonesia, Japan, and Australia is opening it's country up to American beef. The U.S. economy is as strong as ever and the S&P 500 posted its 5th straight record close of the week. All indicators are showing that people are investing like never before. According to Treasury Secretary Scott Bessent, The One Big Beautiful Bill jumpstarted investment that is lifting productivity, wages and living standards. The article has HHS Secretary Kennedy's important announcement of his latest report that hospitals have been doing organ harvesting while people still showed signs of life, particularly during COVID. He says the entire system must be fixed to ensure that every potential donor's life is treated with the sanctity it deserves. The article also covers how the State Department is continuing with its reorg and announced that the U.S. is withdrawing from UNESCO citing that like many organizations, it has strayed from its mission. Many investigations are continuing and we are learning so much. The article covers the extensive developments surrounding Immigration, Border Security and Child and Human Trafficking with Congressional Hearings and probes into NGOs contributing to UnAccompanied Minor Children going missing. The Trump Administration states that the 320,000 number of missing children is probably closer to 450,000, and that ICE, under the Trump Administration has found and rescued 13,000 children so far. Efforts will be intensified with a stronger focus on sanctuary cities, says Border Czar Tom Homan. President Trump is now in Scotland until Tuesday July 29th. He is doing new business with the UK and Europe on America's behalf. He made a signature impressive arrival in The Beast with motorcade. We cannot thank him enough is an outlook. ThinkCareBelieve's mission for Peace advocacy facilitates positive outcomes and expanded possibilities. To achieve Peace, we will find the commonalities between diverse groups and bring the focus on common needs, working together toward shared goals. Activism is an important aspect of ThinkCareBelieve, because public participation and awareness to issues needing exposure to light leads to justice. Improved transparency in government can lead to changes in policy and procedure resulting in more fluid communication between the public and the government that serves them. America needs hope right now, and Americans need to be more involved in their government. ### CONTACT: CONTACT: Joanne COMPANY: ThinkCareBelieve EMAIL: joanne@ WEB: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
