The Federal Reserve on Wednesday implemented its first rate cut in over four years, reducing the benchmark rate by 50 basis points to a range of 4.75%-5%.
The move surpassed Wall Street's expectations. Analysts had generally anticipated a 25 basis point cut, while the futures market had priced in a 61% probability of a 50 basis point cut and a 39% probability of a 25 basis point reduction.
Market Response to First Rate Cut
St...

Here on Moomoo, we are all in search of wealth.
But what is wealth? During 2020 COVID, advanced economies like US and Europe unleashed unprecedented stimulus. While most of this cash went to the ordinary people, they were used to pay rent, groceries and loans.
Ultimately, the stimulus money ended up in the hands of corporations that owns buildings, banks and businesses. For the ordinary people, the pandemic payout they received is transitory and has no lasting e...

Alright, folks, buckle up! The financial markets are serving us a buffet of red numbers, and it’s looking more like a clearance sale at the world's biggest discount store—everything must go!
First up, the ProShares Online Retail ETF (ONLN.US). It's down by 4.43%, which is like the financial equivalent of getting a great deal on something, only to realize it’s non-refundable. Then there’s the Global X MSCI China Consumer Discretionary ETF...

Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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What a Friday it is! Federal Reserve President Jerome Powell said everything short of 'we are cutting rates in September' at the Jackson Hole, WY Ec...

Hi all, really enjoying moomoo so far but I'm having a hard time with navigating. I will literally forget how I got from one location to another. Is there a tutorial for this? TIA