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Bad news for home buyers: Mortgage rates are largely stuck at 7% for the time being.

President Donald Trump’s nominee for commerce secretary, billionaire financial-services executive Howard Lutnick, made an effort Wednesday to ease concerns about potentially inflationary 25% tariffs against Canada and Mexico that could hit Saturday.

Democrats said the move was an unconstitutional seizure of power over the federal budget and warned of disruptions in funding to local police, domestic violence shelters, food programs and more.

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.

There is so much uncertainty over potential tariffs and fiscal policy, “keeping things steady looks like the prudent move.”

With all eyes on the Federal Reserve’s first policy decision of the new year on Wednesday, it’s the Bank of Canada that might end up making a bigger splash for the day.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

VF Corp.’s stock moved into the red after posting a healthy gain earlier in the session on Wednesday, as the apparel and footwear maker’s results weren’t strong enough for the stock to sustain its rally of more than 20% since Jan. 1.

Meta reports earnings Wednesday afternoon. Investors will be focused on the implications of DeepSeek’s success — and on the less flashy topic of currency pressures.

Managers of Norway’s Government Pension Global Fund are resigned to living with tech’s high concentration risk but say stocks like Nvidia have some bubble protection due to this one factor.

A mix of tolerable benefit cuts and realistic revenue increases would make everyone better off

Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.