Articles

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.

JetBlue Airways to open its first premium customer lounges in New York and Boston

Airline said it is responding to growing demand for “premium” perks.

These tips for investing in mutual funds and ETFs can help you ride with the Fed

Gold glitters, while investors face recession jitters.

Bank stocks join market rally. Analyst cites boost to lenders’ balance sheets.

Bank stocks moved up on Thursday as they added to gains from the previous session on the heels of the first interest-rate cut by the U.S. Federal Reserve since 2020.

Leading index for U.S. economy drops for sixth straight month in August

The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.

Home sales fall to lowest level since October 2023

Existing-home sales fell to a rate of 3.86 million in August, the National Association of Realtors said.

Mobileye’s stock surges as Intel gives this reassuring sign

Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.

U.S. Steel’s stock up 2% after offering strong guidance and confidence Nippon deal can close by year-end

United States Steel Corp.’s stock rose 2.2% early Thursday after the company updated third-quarter guidance and said it’s still confident it can win the necessary approvals for its planned takeover by Japan’s Nippon Steel, and that it can close the deal by year-end.

Stocks need to hold any gains after the Fed rate cut or the S&P 500 is at risk

Market giving mixed signals; new trading positions include Airbnb.

Philadelphia Fed’s factory gauge moves back into growth territory in September

The Philadelphia Federal Reserve Bank said Thursday its gauge of regional business activity rose to 1.7 in September from negative 7 in the prior month.

Corning’s stock rises as it sticks to Q3 profit view

Maker of optical fiber and displays continues to expect Q3 profit of 50 cents to 54 cents a share.
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