Stock Market News
Trump says Iran probably responsible for attack on Saudi pipeline
U.S. President Donald Trump said on Saturday that Iran was probably responsible for an aerial attack on Saudi Arabia that shut down its East-West pipeline, one of the kingdom's main routes for expo...
Canadian boycott of US products pushes grocers to adapt, explore new supply sources
A growing consumer push to buy Canadian and boycott U.S. products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply.
Heart Disease, a Historic Strength for Big Pharma, Becomes a Weakness
Heart disease remains humanity's top killer, yet for drugmakers and Wall Street, it is becoming one of the hardest places to make money.
Why a Once-Powerful OPEC Is Losing Global Sway
OPEC's historical grip on the global oil market is weakening as some members prioritize immediate sales over production limits. With the UAE already out and Venezuela mulling its options, Saudi Arabia...
Canadian Stocks Are Ignoring Escalating Trade War With U.S.—for Now
A broadening trade war—or even a prolonged stalemate—could rattle Canadian markets. In addition, one economist calls the use of bans in a trade dispute “extremely unusual.
Markets have 'PICKED UP' on this, managing director says
Evercore ISI senior managing director and head of technical analysis Rich Ross joins 'Making Money' to explain why investors must own semiconductor stocks and identify key market opportunities.
How Energy Is Driving Inflation—and How It's Not
As diesel crosses $6, so does the risk that soaring energy costs will start hurting far beyond gas pumps.
It always pays to stay the course, says Jim Cramer
'Mad Money' host Jim Cramer compares the market in 2018 to the market in 2026.
Review & Preview: Time to Hike
Here's why major indexes actually rose on Friday despite the higher likelihood of a Fed interest rate increase.
Core CPI Hikes Ahead of FOMC Meeting
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. Bloomberg Intelligence US Interest Rate St...
Cramer's week ahead: Falling oil could help stocks but Fed is the next big test
CNBC's Jim Cramer said falling oil prices helped fuel Friday's market rebound, but warned that renewed conflict in the Middle East could quickly reverse that relief. He said next week's Federal Reserv...
Private Equity Daily: HarbourVest Banks $2.4 Billion
Plus: Apollo-backed Brightspeed is turning to an asset-backed securitization to keep financing its fiber build-out.
Wall Street Cheers Clarity on Fed Outlook—Even if It Means Higher Rates
Stocks rose and bonds steadied after Friday's warm CPI report took ‘a lot of the guesswork' out of next week's Fed decision.
Friday's Final Takeaways: China, U.S. AI Divergence as DeepSeek Releases New Model
The U.S. and China's AI strategies are diverging, according to Sam Vadas, who points to DeepSeek's new model as the newest example behind the thesis. This, as Moonshot AI targets a ramp up in ARR.
U.S. Stocks Rise as Oil Retreats
U.S. stocks snapped a four-session losing streak as an interruption to the torrid run in oil prices offset a reading of increased consumer inflation.
Inflation Comes In Hot
Plus, Iran-backed Houthis take control of an oil chokepoint and consumer sentiment falls
S&P 500 Top Stock Gainers Today, 9/11/26
The S&P 500 (SPX) closed with a 0.86% gain on Friday as investors digested a Consumer Price Index (CPI) update from the Bureau of Labor Statistics (BLS). Let’s break down the sectors behind the…
Investors have all but concluded the Federal Reserve will raise interest rates next week for the first time in three years. The harder question is what comes after that.
Investors have started pricing in a series of increases. Chairman Kevin Warsh's aversion to signaling the path leaves him few tools to talk them out of it
Five Warning Signs the AI Stock Bubble Is in Its Final Stages
Valuations, earnings expectations, market concentration, equity issuance, and foreign buying are all flashing warning signs for the AI-fueled stock rally.
Stock Market Today: SPY, QQQ Rally as CPI Report Sends Rate Hike Odds Above 85%
Both the S&P 500 ETF ($SPY) and the Nasdaq 100 ETF ($QQQ) closed higher on Friday. The S&P 500 ETF finished with a 0.85% gain, while the Nasdaq 100 ETF…
Trump’s Proposed $5,000 Dividend to Americans Can Be ‘Fiscally Responsible,’ Says Hassett
White House National Economic Council Director Kevin Hassett said Friday that President Trump’s proposed $5,000 dividend to adult citizens in the U.S. can be “fiscally responsible” due to strong econo...
The Fed could raise interest rates three times. Here's where the market could face the stiffest test.
With financial markets convinced the Federal Reserve will hike interest rates on Wednesday, two questions naturally follow: How high will rates go, and will tighter monetary policy lead to any breaks ...
Why a Rate Hike Could Actually Be Bullish
The Fed is now being forced into a hike that will preserve its credibility. That could be good for stocks and long-term bonds.
MAIA: Tiffany Wilding Says Labor Costs Are Easing, Supporting Fed Patience, ft. Tiffany Wilding
PIMCO economist Tiffany Wilding said labor markets are no longer a major source of inflation pressure, pointing to broad measures of nominal wage inflation that have been decelerating. She argued that...
$105 Critical Crude Oil Level, U.S.-Iran War Shows "Demand Destruction" Risk
Carley Garner (@Decarleytrading) believes the $10 rally in crude oil seen over the span of three days was too much, too fast, though that doesn't mean upside pressure will continue. She sees $105 as a...
September Rate Hike Odds Surge Above 85% as Inflation Accelerates
Rate hike odds at the September 16 Federal Open Market Committee (FOMC) meeting surged on Friday after the Bureau of Labor Statistics (BLS) published August’s Consumer Price Index (CPI) data. During t...
Fed Chair Kevin Warsh under presssure to hike rates as inflation fails to cool: ‘Time to put up or shut up'
The latest data suggest inflation by the Fed's targeted measure, above the target 2% for 5-1/2 years, is again moving in the wrong direction.
What Will Stocks Do If the Fed Raises Rates?
Traders widely expect an interest-rate hike—the first in more than three years—from the Federal Reserve when it meets next week. What's next for stocks if that happens?
Dow Jones Today: DJIA Climbs on CPI Report as Consumer Sentiment Sours
The Dow Jones (DJIA) is up 1.14% on Friday following an inflation update from the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI) rose 0.4% in August, matching estimates but accelerat...
AI safety debate heats up
CNBC's Kate Rooney joins 'Squawk on the Street' to discuss OpenAI's Sam Altman reportedly telling staff in a meeting the company could potentially slow down AI development.
CPI "Moving the Needle" on Interest Rates, Chance of Starting Hike Cycle
Friday's CPI showing a slightly hot core number raised expectations for an interest rate between 85% to 90% in September, according to Collin Martin (@CharlesSchwab). If inflation remains stays stubbo...
A Fed Hike Is a Done Deal. Stocks Still Have Big Hurdles.
The market is stuck in neutral and there are still plenty of big risks to worry about.
Our expectation is the Fed will hike next week, says Neuberger's Holly Newman Kroft
Holly Newman Kroft, Neuberger managing director and senior wealth advisor, joins 'Squawk on the Street' to discuss how the markets are taking the new CPI number.
Week Ahead for FX, Bonds: All Eyes on Fed Rate Decision
An interest-rate decision by the U.S. Federal Reserve will be firmly at the center of markets' attention in the coming week, where a hike looks a possibility after strong jobs data and solid inflation...
Federal budget deficit reaches $2T in first 11 months of fiscal year 2026, CBO reports
The CBO reports the federal budget deficit hit $2 trillion as Social Security, Medicare and Medicaid spending surged alongside rising debt costs.
Investors are all wrong about demography
I'm taking issue with the widespread belief that the long-term fate of a country's economy and stock market is closely tied to the size of its population. Though demographic determinism has a long his...
Market Pricing in Interest Rate Hike, Diesel at $6 for First Time Ever
Kevin Green tells investors to brace for an interest rate hike from the Fed as markets price in an all but certain chance of it happening. Friday's CPI print, backed by strong energy headwinds from th...
Forget the Fed. The Bank of Japan could deliver next week's market shock.
U.S. stock investors should look to the other side of the world for guidance next week.
Dow soars 400 points, oil retreats as inflation data calms slumping Wall Street
Stocks rebounded Friday and clawed back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the US that came in close to economists' expectat...
U.S. Consumer Sentiment Stumbles on Renewed Gas and Trade Fears
The University of Michigan’s preliminary Index of Consumer Sentiment fell for a second consecutive month in September, dropping to 47.8 from 51.7 in August. The reading came in below the consensus est...
Divounguy: CPI & Tight Job Market Make Case for Fed to Hold Interest Rates
Orphe Divounguy discusses the "oil story" he sees behind the CPI report and how it firms the inflation outlook. The report comes in the middle of a no hire, no fire job market.
Will the Fed Raise Interest Rates? | Tune into Schwab Network
The FOMC will release its interest rate decision Wednesday, September 16, followed Fed Chair Kevin Warsh's press conference. Schwab Network will have full coverage on both.
Stocks, Bonds Rise as US Core CPI Tops Forecasts Bolstering Case for a Rate Hike
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives ...
Why Is the Stock Market Up Today, 9/11/26?
Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are trading higher on Friday. The S&P 500 and the Nasdaq 100 are up 1.10% and 1.11%, respectively. U.S. equities opened in the green after the…
Consumer Sentiment Is Lower in September, per Michigan Survey
The survey's index stands at 47.8, versus the 51.7 recorded at the end of August, bringing sentiment back down toward historical lows reached earlier this year.
Nasdaq, Dow and S&P 500 Rise as Oil Prices Retreat
Nasdaq, Dow and S&P 500 rebound as falling oil prices help markets look past hotter core CPI and elevated U.S. rates.
Texas is becoming a MAJOR battleground for America's stock exchanges
NYSE President Lynn Martin discusses competition from the Texas Stock Exchange and a decline in public companies.
Stock Market Week Ahead: Prepare for the Fed Rate Decision and a Retail Sales Update
The trading week ended September 11 provided another action-packed stretch for investors. Earnings season rolled on, with Oracle ($ORCL), Adobe ($ADBE), and Copart ($CPRT) reporting their numbers. In ...
Dow surges 500 points after four-day slide as oil prices retreat
US stocks rose Friday as investors looked to recover from four consecutive sessions of declines, with easing oil prices helping sentiment. The Dow Jones Industrial Average rose 520 points, or 1%, whil...
Fed rate-hike case builds as inflation fails to cool
Back-to-back hotter-than-expected inflation readings may set the table for an interest-rate hike at the Federal Reserve's meeting next week and potentially more to follow.
Analysis: Hot CPI puts Kevin Warsh's Fed credibility on the line before rate decision
Investors are increasingly expecting the Fed to raise interest rates at its Sept. 15-16 meeting after hotter August CPI data.
AI regulation calls grow in D.C. after researcher's extinction warning
More than 20 members of Congress have called for stronger AI regulation this week after a researcher warned that Anthropic and OpenAI are "gambling with our lives." Rep. Lori Trahan of Massachusetts t...
"Benign" CPI Creates "Real Tricky" Rate Scenario for Kevin Warsh
Kevin Hincks calls Friday's CPI report "benign" to kick off the trading session and makes the case that the Fed will not raise interest rates in next week's meeting. The release of the print pulled th...
Here's what to know.
U.S. inflation stayed stubbornly high in August, bolstering the case for the Federal Reserve to raise interest rates at its meeting next week.
Dow Jones Rallies on Mixed CPI Inflation Report
The Dow Jones (DJIA) is up 0.92% on Friday following an inflation update from the Bureau of Labor Statistics (BLS). In August, the Consumer Price Index (CPI) rose 0.4% month-over-month, in line with t...
Stocks, Treasuries Get Relief Ahead of CPI, US Diesel Passes $6/Gallon
US equity futures and Treasuries find some relief as investors await the latest inflation data for a signal on whether the Federal Reserve will raise interest rates next week. US diesel prices rose ab...
CPI In-Line: What it Means for Inflation & Fed's Interest Rate Outlook
Inflation got its next big test through Friday's CPI print, which hit in-line on the headline number and climbed 0.1% above core expectations. Kevin Hincks makes the case that the Fed will still hold ...
Futures Rise on Lower Oil Prices; Investors Assess August CPI Data
U.S. stock futures traded higher on Friday morning as oil prices trended lower and investors digested the August Consumer Price Index (CPI) data. Notably, CPI rose 0.4% month-over-month and 3.4%…
Inflation rises 3.4% in August in last report before Fed's interest-rate decision
The Consumer Price Index rose 3.4% on an annual basis, still stubbornly above the Fed's 2% goal but the same rate as July, the Bureau of Labor Statistics said Friday. On a monthly basis, it rose at a...
US consumer prices stayed high in August as Iran war pushed energy costs up
Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, was up to 2.4%
Consumer prices remained elevated in August ahead of Fed's next meeting
The Labor Department released the consumer price index (CPI) for August which showed that inflation remained well above the Fed's 2% target ahead of its next meeting.
The inflation rate held steady at 3.4% in August, the Labor Department said Friday
The number matched analyst expectations and was even with July's 3.4%.
Consumer prices rose 0.4% in August, as expected; core inflation was higher than estimated
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
5 Things to Know Before the Stock Market Opens on Friday
Stock futures are higher after four days of losses for major indexes as investors await a key inflation report; the August CPI report is the final piece of major economic data before the Fed makes a d...
Jeff Currie on ‘Dangerous Phase' of Commodities Rally, $5 Gasoline
Jeff Currie, founder & CEO at Real Macro and co-founder & director at 1947 Oil and Gas, discusses the impact of China's return to the oil market, shortages in oil and crude products, and the possibili...
The Inflation Nightmare Will Hit the Stock Market—Sooner or Later
Stock markets rebound ahead of the CPI inflation report, diesel prices soar, and more news to start your day.
The Fed should hike rates by 50 bps, says Komal Sri-Kumar
Komal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Squawk Box' to discuss the Fed's inflation fight, the case for a 50 bps hike, state of the economy, Treasury Secretary Bessent's bond buy...
The four reasons stocks are about to embark on a ‘face-ripper rally'
The S&P 500 just registered a four-day losing streak. By Thursday's close it sat 2.7% shy of the record high hit last month, hobbled by a global bond market selloff that's pushed U.S. benchmark borrow...
IEA warns global oil refining system ‘stretched to the limit' as Iran, Ukraine wars tighten market
The International Energy Agency has cut its 2026 global oil supply forecast by 6% as the Iran war drags on. It now expects global oil demand to fall by 2.5 million barrels per day this year.
Never mind the bond yields, Bank of America shows where the real threat to the economy lies
It's the price of diesel, not rapidly rising U.S. Treasury yields or fading S&P 500 momentum, that poses the real threat to the economy in the U.S. While West Texas and Brent futures have both breache...
Morning Bid: Take a hike
As summer fades, so have hopes for a quick resolution to the U.S.-Iran conflict, as tit-for-tat strikes, new threats in the Red Sea, and President Donald Trump's comments about the war lasting through...
Global bond sell-off deepens as $100 oil stokes stagflation fears
Global borrowing costs are rising as soaring energy prices spur fears over stagflation — weak economic growth and high inflation. The yield on German 10-year bonds, seen as the euro area benchmark, cr...
The Corporate Name Game Could Cost You
A rare Friday release of U.S. inflation data is giving investors time to catch their breath after a tumultuous, holiday-shortened week of trading. Oil prices urged above $100 a barrel, bond yields hit...
Ipsen Weighs U.S. Manufacturing Investment
The French drugmaker is considering building a U.S. production site, joining other European companies looking across the pond when planning new investments.
Diesel Prices Soar to $6 for First Time. The Fed's Rate Decision Is Getting Simpler.
A crucial day for inflation and the U.S. economy is off to a bad start.
Here's what to know about the report.
The Consumer Price Index report for August is playing an outsize role in the Federal Reserve's policy decision next week.
Stock Market News Today, September 11 – Futures Rise Ahead of Key CPI Data
U.S. stock futures traded higher ahead of Friday’s session as investors awaited the August consumer price index (CPI) report, a key inflation reading that could influence the Federal Reserve’s interes...
Bridgewater investment chief says AI could wipe out humanity
Greg Jensen, the co-chief investment officer at hedge-fund giant Bridgewater Associates, agreed that AI could wipe out humanity.
Yields on U.S., European Government Bonds Edge Lower But Still Hover Near Multiyear Highs
Investors were cautious ahead of key U.S. consumer-price inflation data as the probability of the Fed raising interest rates next week increased.
Latest U.S. Treasury buyback falls short of market hopes
The latest U.S. Treasury buyback disappoints which piles on the pressure to sell global bonds. The 10-year Treasury yield is inching towards 5 per cent.
Stock Futures Nudge Up, Yields Slip, But Markets Remain on Edge
U.S. stock futures nudged higher and Treasury yields retreated slightly, but investors remained on edge ahead of crucial inflation data later.
Investors caught between yields, oil and Trump
The U.S. 10-year Treasury yield creeps closer to 5% as Treasury Secretary Scott Bessent's market intervention disappoints, while crude prices move deeper into triple-digit territory. That's as Preside...
Treasury yields steady as traders await consumer inflation data amid oil price pressure
U.S. Treasurys steadied on Friday, as bond markets remained on edge after yields surged to multiyear highs during Thursday's session.
Stock Market Today: Bond Yields Edge Lower as Investors Await CPI Report
The consumer price index rose 3.4% last month from a year ago, increasing the chances of a Federal Reserve rate hike next week to about 90% in traders' eyes.
U.S.-Iran Escalation to Delay Oil Flow Recovery Into Next Year, IEA Says
The energy watchdog further cut its outlook for global oil demand, now expecting consumption to fall by 2.5 million barrels a day in 2026 compared with its previous forecast.
U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
Diesel prices will be a "silent killer of the U.S. economy" if they stay at these levels, said Patrick De Haan, head of petroleum analysis at GasBuddy. Higher diesel prices are passed down to consumer...
Bitcoin Faces 4.33% Five-Day Drop as Crude Oil at $102 a Barrel and Hot PPI Data Spark Inflation Fears
Bitcoin (BTC-USD) trades near $77,284 after falling 4.33% over the past five days. Surging crude prices (CM:CL) drove the market pullback, as October WTI crude settled up $6.43 to $102.48…
Traditional portfolio diversification isn't cutting it anymore. Here's where to pivot, says this $624 billion fund manager.
For Allspring Global Investments, investors should be looking at how they can adapt their strategies to incorporate more liquid alternatives.
CLARITY Act September Draft Adds Over 100 Changes Requested by Democrats as Senate Cloture Vote Nears
Senate Republicans released a new draft of the CLARITY Act on September 10, bringing the full bill to 630 pages. Senator Cynthia Lummis said the new draft adds more than…
Inflation Fears Grow as US Leads Global Bond Selloff
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.
Global Bonds Hit By Selloff Ahead of US CPI
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent l...
Stock Futures Rise Ahead of Key Inflation Print, Treasury Yields Climb
U.S. stock futures traded higher ahead of Friday’s session as investors awaited August’s consumer price index (CPI) report, which could influence the Federal Reserve’s interest rate decision. The 10-y...
Iran and US Brace for Long War
Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. The conflict ...
Bessent says 'a large bank' will be sanctioned on Monday as part of Iran strategy
Bessent made the comment during an appearance on "Real America's Voice" without naming the financial institution nor the country. Since the Mideast conflict began in February, the U.S. has implemente...
Asian Currencies Consolidate, But Haven Demand for Dollar May Weigh
Asian currencies consolidated against the dollar in early trade, but may be weighed by safe-haven demand for the greenback.
Nikkei Falls 2.8%, Dragged by Chip Stocks
Japanese stocks were lower as fears about the Iran war and rising energy costs have grown.
‘This is a GLOBAL STORY': Expert breaks down market breadth
Osaic Chief Market Strategist Phil Blancato and Principal Asset Management Chief Global Strategist Seema Shah analyze deteriorating market breadth, rising 10-year Treasury yields and AI infrastructure...
The most important thing to remember is the long bond, says Jim Cramer
'Mad Money' host Jim Cramer talks the current state of the bond market.
Review & Preview: Inflation Watch
Higher oil prices and a sovereign bond sell-off sent stocks lower, but all eyes are on tomorrow's CPI reading.
U.S. Stock Futures Mixed as Traders Brace for Key CPI Report
U.S. stock futures were mixed on Thursday evening as traders awaited August’s consumer price index (CPI) report, due tomorrow. Futures on the Dow Jones Industrial Average ($DJIA) and the S&P 500 Index...
Jim Cramer says this is the key force driving stocks right now
CNBC's Jim Cramer said the 30-year Treasury yield is a key force driving stocks as it climbs to roughly 5.3%. He said higher long-term rates make bonds more attractive than stocks, raise corporate bor...
Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
U.S. Treasury Secretary Scott Bessent said on Thursday the Trump administration will sanction a large bank next week as it continues to apply economic pressure on Tehran to end a more than six-month...
The Unrelenting Bond Selloff Puts the 10-Year Yield on the Cusp of 5%
Rising borrowing costs threaten to disrupt the stock market and slow the economy.
Thursday's Final Takeaways: Crude Taps $103 & PPI Hotter than Expected
Crude oil hits levels not seen in nearly 4 months as inflation concerns in U.S. consumers climb on the back of a slightly hot August PPI. Marley Kayden talks about her top takeaways from Thursday's se...
Dow closes 400 pts lower as US crude oil tops $100 and Fed rate-hike bets rise
US stocks fell on Thursday as oil prices climbed above $100 a barrel, fuelling concerns over inflation and increasing expectations that the Federal Reserve could raise interest rates next week. The Do...
Bonds Sell Off Despite Buyback Operation
Plus, oil prices surge above $107 a barrel and wholesale inflation picks up.
U.S. Stocks Fall as Oil Tops $100, Yields Hit Multiyear Highs
U.S. stocks fell for the fourth straight session and Treasury yields hit multiyear highs as U.S. oil prices topped the $100-per-barrel level while August inflation data revealed the toll energy costs ...
Stock Market Today: SPY, QQQ Stumble as September Rate Hike Odds Surpass 70% ahead of Key CPI Inflation Data
Both the S&P 500 ETF ($SPY) and the Nasdaq 100 ETF ($QQQ) closed in the red on Thursday. The S&P 500 ETF finished with a 0.59% loss, while the Nasdaq…
Stocks are sliding as this ‘negative risk trinity' spooks investors
Investors are taking a more cautious tack as rising bond yields and and a calendar riddled with risks — from Federal Reserve meetings to the U.S. midterm elections — inspire many to adopt a more cauti...
S&P 500 Top Stock Gainers Today, 9/10/26
The S&P 500 (SPX) closed down 0.58% on Thursday alongside rising rate hike expectations and surging oil prices. Let’s break down the sectors behind the performance. Today’s Top-Performing Sector Consu...
A Broad-Based Rally
Investors looking beyond megacap tech may like what they see With a handful of stocks attracting most of the recent headlines, it's easy to forget that investors continue to find opportunities across ...
Jeremy Siegel: Equity markets will react positively to a rate cut next week
Jeremy Siegel, WisdomTree chief economist, joins 'Closing Bell' to discuss the latest action in equity markets, the Federal Reserve and much more.
It's not just Hormuz. Another war is providing fresh price shocks to fuel and food.
The Middle East conflict overshadows outages in Russia and a ‘massive impact' on diesel supplies
Friday's CPI inflation report is even more important than usual. Here's what to expect
The BLS will release the August consumer price index report Friday morning, with expectations for little change in the annual rate but a move higher in the headline monthly increase. Fed officials are...
Mortgage Rates Leap Past 7% as Existing Home Sales Stumble
The 30-year fixed-rate mortgage (FRM) reached 7.07% on Thursday, according to Mortgage News Daily. That marks a 10-basis-point jump from the prior day and brings the rate above 7% for…
U.S. Mortgage Rates Top 7% For First Time in 15 Months
Rates had steadily tumbled to about 6% in late February, but reversed when the U.S. and Israel started the war in Iran, disrupting oil shipments and driving up inflation.
Iran war costs US households $860 more in higher energy prices, economist says
Mark Zandi says the Iran war has added about $115 billion in costs for U.S. households through higher gasoline, diesel and jet fuel prices.
Global bond selloff resumes as surging oil prices stoke fears about inflation
Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing
Iran War Will End ‘Very Shortly’ after U.S. Midterm Elections, Trump Says
President Trump expects the U.S.-Iran war to come to a close “very shortly” after the midterm elections on November 3. The war is currently in its 194th day and has…
Dow Jones Today: DJIA Stalls on Unexpected PPI Inflation Data as Treasury Yields Rally
The Dow Jones (DJIA) is down 0.69% on Thursday following an inflation update from the Bureau of Labor Statistics (BLS). In August, the Producer Price Index (PPI) rose 5.4%, accelerating from 4.8%…