The 30-year mortgage rate is averaging 6.08%, Freddie Mac said in its latest weekly survey on Thursday.
“I hope that it doesn’t trigger my ex-husband. He has a short fuse.”
Micron’s positive AI commentary shouldn’t come as a huge surprise, but it could nonetheless help support AI plays like Nvidia.
Wells Fargo & Co.’s stock rose 3.5% on Thursday after a report that the bank has submitted a third-party review of its risk and control efforts as part of its move to lift a seven-year-old asset cap.
Citi and Apollo plan a $25 billion private-credit program with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.
Jabil Inc. to take up to $200 million in restructuring charges for a head-count reduction, with more details to come.
U.S. pending home sales rose 0.6% in August, as a big drop in mortgage rates prompted some home buyers to act.
Billionaire hedge-fund manager David Tepper says it’s an “everything” rally in China after Beijing announced a slew of stimulus measures.
Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.
Micron’s stock momentum after earnings reflects relief over the guidance as well as an appreciation for the company’s ability to benefit from AI trends.
“We believe that Brian Niccol is the perfect CEO to guide the resurgence of today’s Starbucks,” a Bernstein analyst wrote in a Thursday note.
Orders for U.S. durable goods were flat in August, the Commerce Department said Thursday.
The last of three updates on U.S. growth in the second quarter showed the economy expanded at solid 3.0% annual pace — and there’s no sign it’s taken a big turn for the worse.
The number of Americans who applied for unemployment benefits last week fell to a nearly four-month low of 218,000, reflecting the reluctance of businesses to cut jobs even though they’re no longer hiring many new workers.
Southwest Airlines’ stock surged Thursday after the air carrier raised its revenue outlook and indicated it would resume stock repurchases for the first time in more than four years.
The used-car retailer’s fiscal second-quarter sales topped estimates — but it was not enough to offset pressure on its car-loan business.
Investors are increasingly on edge about incoming economic data as the Federal Reserve works to cut rates and secure a soft landing for the economy
Chief executive of the KBW Regional Bank Index component defends his company’s premium valuation based on a higher proportion of net interest income.
Oil futures fell Thursday morning, feeling pressure after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.
Jim Paulsen says a broad-based rally can now take place because the Fed cut interest rates.
