Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
The “new features do not impact what we believe to be the most significant risk of teen Instagram use,” one advocate said.
T-Mobile Chief Executive Mike Sievert says it’s “nonsense” that the iPhone 16 line’s preorder sales are underwhelming so far.
Short selling of DJT stock has risen ahead of the lockup expiration on insider sales on Friday.
Regulators said Inspire Investments failed to meet the investment criteria it marketed, after a similar crackdown on “greenwashing” among ESG funds.
Progyny Inc.’s stock tumbled 31% Thursday, to put it on track for its biggest-ever one-day decline, after the provider of fertility-care benefits for employers said a “significant” client had terminated its agreement with the company.
“There still are opportunities here,” Erik Aarts at Touchstone Investments said.
The analyst community isn’t taking the former president’s proposal too seriously, and is instead looking at Trump’s bank-friendly first term as a guide for how investors should play a possible second Trump term.
Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.
“As frequent bond issuers, big tech loves lower rates.”
The 30-year mortgage rate is averaging 6.09%, Freddie Mac said in its latest weekly survey on Thursday.
Airline said it is responding to growing demand for “premium” perks.
Gold glitters, while investors face recession jitters.
Bank stocks moved up on Thursday as they added to gains from the previous session on the heels of the first interest-rate cut by the U.S. Federal Reserve since 2020.
The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.
Existing-home sales fell to a rate of 3.86 million in August, the National Association of Realtors said.
Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.
United States Steel Corp.’s stock rose 2.2% early Thursday after the company updated third-quarter guidance and said it’s still confident it can win the necessary approvals for its planned takeover by Japan’s Nippon Steel, and that it can close the deal by year-end.
Market giving mixed signals; new trading positions include Airbnb.
Maker of optical fiber and displays continues to expect Q3 profit of 50 cents to 54 cents a share.
