Articles

Mortgage rates drop to a five-week low

The 30-year mortgage rate is averaging at 6.74% Freddie Mac said in its latest weekly survey on Thursday.

Momentum stocks’ share of S&P 500 swells to highest level in history, but that doesn’t mean market is in a bubble.

Momentum stocks have dominated the market over the past year, causing their weighting in the S&P 500 to swell to its highest share in history, according to a report from market strategists at Piper Sandler.

AMC clinches deal with NBC to show live Olympics coverage in theaters

AMC Entertainment Holdings Inc. has clinched a deal with Comcast Corp.’s NBC to show live daytime coverage of the Paris Olympics at 160 of the company’s U.S. theaters.

The dark side of high-yield savings accounts

Savings yields soared in 2023—and all that interest income is now showing up on people’s tax returns.

This investor made billions on Weight Watchers over 23 years and got out just before the stock imploded

In the history of Wall Street, there has never been an investment quite like Ray Debbane’s legendary Weight Watchers trade.

JPMorgan Chase fined a total of $348.2 million for ‘inadequate’ monitoring and market misconduct

Firm said in February that it had self-identified that some trading wasn’t being picked up by its surveillance platform

Americans are saving more, but hardships linger for a portion of the country

Retirement savings rose in 2023, but so did hardship withdrawals: Vanguard Group

The U.S. reduced the number of $20 bills in circulation in 2022, something it hadn’t done in decades. Here’s why.

There were 11.5 billion $20 bills in circulation in 2022, down from 11.9 billion the year before.

Nvidia is no longer Wall Street’s favorite stock. This company is.

Late in December, Nvidia Corp. topped a list of favorite stocks among analysts working for brokerage firms. But with the stock continuing to soar this year, running the same screen of the S&P 500 produces a different result, with Nvidia no longer even making the top 20.

Elon Musk’s SpaceX successfully launches third Starship flight test

The uncrewed Starship and Super Heavy Rocket blasted off with the rocket’s 33 Raptor engines from SpaceX’s Starbase facility near Boca Chica, Texas, at 9:25 am Eastern time. Stage separation was completed about three minutes later, amid cheers at SpaceX’s headquarters in Hawthorne, Calif.

U.S. Steel’s stock drops as Biden speaks against buyout by Japan’s Nippon Steel

Stock extends losses after President Biden says it’s ‘vital’ for the business to remain in American hands.

Goldman CEO says banks falling short on keeping women in senior-level roles: report

David Solomon says the long-term success of the storied investment bank relies on promoting women to upper management.
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