Latest in Stocks drop sharply after Fed cuts interest rates and signals more cautious approach next year
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American Eagle’s stock drops as warm fall weather bites into clothing sales
American Eagle’s stock falls 13% Thursday, and a J.P. Morgan analyst cuts its rating to neutral.MarketWatch - Dec. 5 -
4 mortgage interest rate scenarios that could occur in 2025
Many experts predict a gradual decline in mortgage rates next year, but other scenarios could play out.CBS News - Dec. 5 -
No more bye-bye for Chi-Chi's: Restaurant chain reopening after 20-year hiatus
Chi-Chi's is not yet ready to say ta-ta — the chain is poised to reopen some of its restaurants after shutting its doors in the U.S. two decades ago. Michael McDermott, the son of one of Chi-Chi's ...The Hill - Dec. 5 -
Signet Jewelers’ stock drops as it faces competition from lab diamonds and misses Wall Street’s profit and sales estimates
Retailer warns its revenue may fall short of expectations in the coming quarter.MarketWatch - Dec. 5 -
Frasers Group Tumbles After Guidance Cut
The U.K. sports-fashion retailer lost $540.4 million off its market value after it lowered expectations for its fiscal year, citing recent tough business conditions and weak consumer confidence.The Wall Street Journal - Dec. 5 -
Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut
A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.MarketWatch - Dec. 5 -
American Eagle Shares Plunge After Retailer Cuts Sales Outlook
Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.The Wall Street Journal - Dec. 4 -
JetBlue cuts more unprofitable routes, tweaks Europe flights
JetBlue is in the middle of a new plan to return to consistent profitability and cut costs.CNBC - Dec. 4 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Fed’s Beige Book says economy is stable. Companies more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the economy, a new Federal Reserve survey found.MarketWatch - Dec. 4 -
Trump's defence nominee hits out after reports he could be dropped
US media suggest the president-elect could replace Pete Hegseth, whose selection is under intense scrutiny.BBC News - Dec. 4 -
Terns’s stock soars as analysts cheer leukemia data — and predict more gains
The pharma company now has two positive proof-of-concept trials under its belt, including its weight-loss pill.MarketWatch - Dec. 4 -
With Assad Challenged, a Push to Cut Syria’s Ties to Iran Grows More Unlikely
Even as Israel bombarded Syria, officials say the U.S. and Gulf countries were working to weaken its president’s alliance with Tehran. Rebels’ shock advance has dampened those hopes.The New York Times - Dec. 4 -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - Dec. 4 -
Marvell’s stock skyrockets as it’s dubbed the next hot AI chip name
Wall Street is excited about Marvell’s traction in custom offerings and partnership with Amazon’s AWS.MarketWatch - Dec. 4 -
Homebuyer demand for mortgages jumped 6%, as interest rates fell to lowest level in over a month
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.NBC News - Dec. 4 -
South Korea's short-lived martial law declaration rattled markets. Here's what's next for stocks
An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia's fourth-largest economy, analysts say.CNBC - Dec. 4 -
Here’s what’s clicking now for Dollar Tree after a tough year for its stock
Retailer opens 249 new stores, books a 1.5% increase in traffic and says its Family Dollar review is on track.MarketWatch - Dec. 4 -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - Dec. 4 -
Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.CNBC - Dec. 4 -
BoE governor expects four UK rate cuts next year as inflation eases
Andrew Bailey welcomes better than expected fall in price growth in FT interviewFinancial Times - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
What drives home equity loan interest rates?
Wonder what impacts home equity borrowing rates? Here are the factors borrowers should be aware of.CBS News - Dec. 3 -
California cuts back on water deliveries, anticipating dry year ahead
California's cities may only receive about 5 percent of the water deliveries they have requested this year, with dry and warm conditions expected to persist through the winter, state officials ...The Hill - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Boeing’s volatile bonds could outshine the defense sector next year
Boeing Co. was named a “best idea” by the U.S. investment-grade team at CreditSights on Tuesday, on expectations the troubled aerospace company can stabilize its ratings and provide a path to ...MarketWatch - Dec. 3 -
Top officer in Afghanistan promoted after senator drops hold
A top Army officer who served in Afghanistan was promoted by the Senate on Monday night after Sen. Markwayne Mullin (R-Okla.) dropped his hold on the promotion. He had raised concerns about a lack ...The Hill - Dec. 3 -
South Korean won falls sharply against the U.S. dollar after president declares martial law
South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared martial law.CNBC - Dec. 3 -
What's the home equity loan interest rate forecast for December 2024?
Will December be a good time to borrow from your home equity? Here's where rates could head this month.CBS News - Dec. 3 -
AT&T sees earnings growth over next 3 years; eyes more than $40B in anticipated shareholder returns
AT&T anticipates earnings growth over the next three years thanks to the momentum of 5G and fiber servicesABC News - Dec. 3 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
Restoring Nomura’s credibility will take more than pay cuts
Taint of latest scandal overshadows bank’s growing earnings and could have long-lasting consequencesFinancial Times - Dec. 3 -
Zscaler’s post-earnings stock drop further bucks 2024’s rally by software sector
Zscaler’s stock was down on the year prior to earnings, while an ETF tracking the software sector had rallied 29%MarketWatch - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
Special counsel defends prosecution of Hunter Biden as more Democrats signal discomfort with pardon – live
Special counsel David Weiss hit back at Biden’s assertion that his son has been unfairly prosecuted. Biden criticized by some supporters for pardoning son Hunter What is a presidential pardon ...The Guardian - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Will credit card interest rates fall this December?
Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.CBS News - Dec. 2
