Articles

Rising layoffs? The surge in jobless claims may have been a mirage.

Remember that spike in jobless claims — aka layoffs — since the end of the school year? Not to worry, the most recent reports suggest.

China’s luxury-goods heyday is history

With sales of high-end goods on the decline and future economic growth set to moderate further, luxury companies are gradually recognizing that China isn’t the golden goose it was once was.

This oversold stock-market rally could be a buying opportunity

Watch NYSE new highs vs. new lows, and the S&P 500 above 5,500. Plus, Chipotle looks tasty.

Cisco gets back on track — and it could spur the stock’s best day in 4 years

Cisco’s business “has bottomed and is trending in the right direction,” one analyst says.

‘Underconsumption core’: The latest TikTok trend is users showing off all the stuff they’re not buying

Despite a surprising surge in retail sales last month, young people on TikTok are pushing back on the overwhelming pressure to spend. That’s not a bad idea, personal-finance experts say.

Betting markets now see Kamala Harris beating Donald Trump in November

Republican presidential nominee Donald Trump’s chances of winning this year’s White House race appear to have declined over the past month, with betting markets now putting his prospects below those of Democratic candidate Kamala Harris.

Recession fears in bond market fade after July’s retail-sales data

Thursday’s surprisingly strong retail-sales data for July took some of the fear of a U.S. recession out of the bond market, sending yields toward their biggest one-day advances in more than a month.

Mortgage rates inch up after a big plunge last week. Rates ‘will likely trend down in the coming months,’ Freddie Mac says.

The 30-year mortgage rate is averaging at 6.49% Freddie Mac said in its latest weekly survey on Thursday.

M&T Bank draws downgrade on ‘mixed bag’ from lower interest rates

Wells Fargo its rating bank to underweight, based on its exposure to reduced interest rates.

Single cat ladies may be saving the world, one estate plan at a time

There’s no default estate option for charity, so if you want to leave a legacy, you have to be intentional about it.

Retail investors bought the dip in tech stocks during August’s market scare

Retail investors were aggressively buying into the market in early August, throughout the market chaos.

Pimco waves off brief yield curve move, sees no looming recession

Bond giant Pimco points to ‘daisy-chain’ reaction in markets as catalyst for brief reversal of Treasury yield curve
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