interest rate

The market mood has turned cautious after the strong gains seen since the start of the week, with traders likely using Apple, Inc.’s (NASDAQ:AAPL) disappointing guidance as a reason to take profits. On the other hand, most other earnings reports have come in better than expected. A further...

Traders are eagerly anticipating the release of the October jobs market report, which is scheduled to be unveiled by the Bureau of Labor Statistics on Friday. This report is expected to provide valuable insights into the current state of the labor market, potentially affecting traders expectations...

Fund manager Cathie Wood said a deflationary trend is playing out, in line with her past assertions, and highlighted long-term stocks and bonds as best bets in such an environment. What Happened: Commodity prices today are where they were 40 years ago and were resuming the deflationary trend that...

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has commented on the latest Federal Reserve move and the impact of rate hikes and quantitative tightening on the economy. More Rate Hikes Warranted: The Fed did the right thing to raise rates rapidly and now they should pause and see what happens,...

U.S. stocks opened the week on a positive note, with investor sentiment improving ahead of the expected announcement from the Fed to maintain unchanged interest rates on Wednesday. Traders will closely monitor earnings reports from Apple, Inc. (NASDAQ:AAPL) and chipmakers Qualcomm, Inc. (NASDAQ:...

Tesla, Inc. (NASDAQ:TSLA) hasn’t seen an appreciable volume lift from the series of price cuts it has announced since January this year. As a Tesla executive bemoaned the sequential decline in the electric vehicle market in the first half of 2023, Future Fund’s Gary Black said he sees a...

Wall Street experienced a significant downturn Thursday as volatility surged, triggered by a shift in risk sentiment following a combination of mixed earnings reports and stronger-than-predicted economic data, with the latter reviving concerns for an additional rate hike down the road. The U.S....

Despite earlier concerns of a recession in the second part of the year, the U.S. economy has just demonstrated its most robust quarterly performance since the fourth quarter of 2021. When we exclude the post-pandemic period, it stands as the strongest quarter since the second quarter of 2014....

Mortgage rates continue to climb in the U.S., reaching levels not seen in decades. The latest weekly report from the Mortgage Bankers Association of America (MBA) sent fresh shockwaves through the housing industry, revealing that the average contract interest rate for 30-year fixed-rate mortgages...

Thursday saw the U.S. stock market displaying mixed performance as 10-year Treasury yields approached the 5% threshold, only to recover in response to Federal Reserve Chair Jerome Powell‘s opening remarks prior to his Economic Club of New York address, prompting traders to scale back their...

Wall Street tumbled during midday trading, with all major stock indices in the red, and only the energy sector showing gains for the session, while 30-year Treasury yields breached the 5% mark, hitting the highest level in over 17 years. The recent developments in the Middle East have weighed on...

The stock market’s path has been uncertain since the broader uptrend stalled in August. In the face of numerous economic and geopolitical challenges, the odds of a significant breakout from the current lackluster phase seem slim. However, there is a glimmer of hope in historical trends....

Ark Invest founder Cathie Wood reiterated her view that a deflationary trend is in play, thanks to innovation-induced price declines. One Tesla bear, however, refuted her argument. What Happened: On Saturday, Wood reposted a post by Sam Korus, director of research autonomous technology &...

U.S. stocks experienced a robust rally as of midday trading Tuesday in New York, with Wall Street mirroring the positive sentiment seen in Asia and Europe. As the conflict entered its fourth day following an unexpected attack by Hamas on Israel, recent developments in the Middle East have seen the...

Risk sentiment rebounded during midday Wednesday trading in New York as stocks surged, driven by a retreat in Treasury yields after several sessions of substantial surges. The ADP National Employment Report, which fell short of expectations (89,000 vs. 153,000), provided a welcome respite,...