Articles

Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut

Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.

Trump’s cap for credit-card interest rates wouldn’t pass Congress, analyst says

Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts the plan wouldn’t get the congressional approval that it needs to become reality.

Mortgage rates went up right after the Fed cut interest rates. Here’s why.

Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.

Apple’s iPhone 16 is selling better than the iPhone 15, says T-Mobile CEO

T-Mobile Chief Executive Mike Sievert says it’s “nonsense” that the iPhone 16 line’s preorder sales are underwhelming so far.

More investors are betting on Trump Media’s ‘DJT’ stock to drop

Short selling of DJT stock has risen ahead of the lockup expiration on insider sales on Friday.

God-washing: Fund fined for misleading clients about its ‘biblically responsible investing’ strategy

Regulators said Inspire Investments failed to meet the investment criteria it marketed, after a similar crackdown on “greenwashing” among ESG funds.

Fertility-benefits provider Progyny’s stock on track for biggest-ever decline after losing ‘significant’ client

Progyny Inc.’s stock tumbled 31% Thursday, to put it on track for its biggest-ever one-day decline, after the provider of fertility-care benefits for employers said a “significant” client had terminated its agreement with the company.

After Fed rate cut, the next 6 months will be crucial for investors. Here’s why.

“There still are opportunities here,” Erik Aarts at Touchstone Investments said.

Trump proposes credit-card interest caps, but smart money still views him bank-friendly

The analyst community isn’t taking the former president’s proposal too seriously, and is instead looking at Trump’s bank-friendly first term as a guide for how investors should play a possible second Trump term.

Nvidia’s stock is surging. Here’s how it tends to perform after interest-rate cuts.

Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

Bond spreads for ‘Magnificent Seven’ tighten as investors celebrate interest-rate cut

“As frequent bond issuers, big tech loves lower rates.”

Mortgage rates fall to lowest level in two years: Here’s how much money you need to buy a $400,000 home

The 30-year mortgage rate is averaging 6.09%, Freddie Mac said in its latest weekly survey on Thursday.
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