Avoiding the 30-year mortgage loan trap can save you hundreds of thousands of dollars
In this difficult housing market — with high mortgage loan rates and a dearth of home sellers because so many are locked in with much lower interest rates — the spread between the 30-year and 15-year rates may not seem very important if you are looking to buy a home. But it might be the […]
Regional banks face hit from new debt level requirements
Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. Saul Loeb | AFP | Getty Images U.S. regulators on Tuesday unveiled plans to force regional banks to issue […]
GM, Google exploring ways to use AI across automaker’s business
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors is working with Google to explore opportunities to implement AI technologies across the automaker’s business, the companies announced Tuesday. The broad partnership around generative, or conversational, AI between […]
Nio earnings Q2 2023
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago loss as deliveries of its upscale EVs slipped amid a […]
Best Buy (BBY) Q2 2024
Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered its outlook for the rest of the year as it feels the lull of post-pandemic spending on kitchen appliances, computer monitors and other electronics. CEO Corie Barry said the company still anticipates this year will be “the low point in tech demand,” before […]
10 drugs to face Medicare price negotiations: See the list
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims […]
Hawaiian Electric’s stock soars after update on cause of Lahaina fires
Shares of Hawaiian Electric Industries Inc. skyrocketed Monday after the electric company responded to a lawsuit filed by Maui County over the deadly Lahaina fires, by calling the suit “factually and legally irresponsible.” The company said that a fire in the area at 6:30 a.m. local time on Aug. 8 appeared to be caused by […]
This strategist says smart investors should hang on to stocks. Here’s why.
That the month of August is stacking up as something of a disappointment for stock investors shouldn’t be a huge surprise. The Stock Trader’s Almanac tells us that August has delivered the second-worst month for the S&P 500 over the past 35 years. September has also proved a bit bumpy somewhat, historically. With that in […]
U.S. stock futures hold recent gains as easing Treasury yields underpin sentiment
U.S. stock index futures were little changed Tuesday and holding latest gains as 10-year Treasury yields eased further from recent highs. How are stock-index futures trading S&P 500 futures ES00, -0.08% dropped 4 points, or 0%, to 4,438 Dow Jones Industrial Average futures YM00, -0.12% eased 37 points, or 0.1%, to 34,557 Nasdaq 100 futures […]
Investors skeptical about a ‘soft landing’ are more bullish on longer-dated bonds
Investors skeptical about a “soft landing” for the U.S. economy think now is a good time to consider buying long Treasury bonds. That’s because the economy looks to be revving back up, with the Federal Reserve Bank of Atlanta estimating a 5.9% gross domestic product growth rate in the third quarter, even though the Federal […]
