Market News Explorer
Stay informed with the latest market news and analysis.
Mortgage rates rise, hitting demand
Dec 19, 2024, 1:09 PM
Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.
Hidden ‘Junk’ Fees Must Be Disclosed, F.T.C. Rule Says
Dec 19, 2024, 1:10 PM
Hotels, short-term rentals and event ticket-sellers must advertise the full price of their offerings under the rule, which is supposed to go into effect in the coming year. Here’s what to know.
Post Office spent £132m defending itself at Horizon inquiry
Dec 19, 2024, 12:06 PM
The money relates to legal costs for the inquiry into the wrongful conviction of sub-postmasters.
Micron stock plummets as weak outlook overshadows AI opportunity
Dec 19, 2024, 10:35 AM
Micron's AI opportunity wasn't enough to offset investor concern over its weak outlook for the current quarter.
IT expert convicted for repeatedly lying about inventing Bitcoin
Dec 19, 2024, 11:47 AM
Computer scientist Craig Wright was given a suspended prison sentence for what was described as "legal nonsense."
Why Kylie Kelce’s Podcast, ‘Not Gonna Lie,’ Is a Breakout Hit
Dec 19, 2024, 11:29 AM
But in her first interview since her podcast reached No. 1, she does share ideas about why the show has become a breakout hit.
Nvidia’s Global Chips Sales Could Collide With US-China Tensions
Dec 19, 2024, 11:25 AM
The chipmaker expects more than $10 billion in foreign sales this year, but the Biden administration is advancing rules that could curb that growth.
US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates
Dec 19, 2024, 10:30 AM
(Bloomberg) -- Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalContract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since March, according to data released Thursday by the National Association o
Stock market today: Dow, S&P 500, Nasdaq bounce back from Fed-fueled rout
Dec 19, 2024, 9:37 AM
Stocks are looking to bounce back from their worst day since the summer.
Wall Street's fear gauge — the VIX — saw second-biggest spike ever on Wednesday
Dec 19, 2024, 9:14 AM
The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.
Amazon Drivers at Seven Distribution Centers Walk Out
Dec 19, 2024, 9:10 AM
The retail giant said it expected its operations to be largely unaffected by the strike of some Teamsters union members.
Government shutdown odds are rising. Economic experts aren’t panicking (yet).
Dec 19, 2024, 8:33 AM
Washington could be barreling towards yet another spending crisis, but the initial reaction from economic watchers was to downplay the prospect of a protracted shutdown.
Stock market today: Dow, S&P 500, Nasdaq futures point to rebound from Fed-fueled rout
Dec 19, 2024, 8:43 AM
Stocks are looking to bounce back from their worst day since the summer.
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
Dec 19, 2024, 8:35 AM
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. GDP growth has now topped 2% in eight of the last nine quarters.
Washington and the Markets are Feeling the President-elect Effect
Dec 19, 2024, 8:00 AM
The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.
Jerome Powell makes clear the Fed is already thinking about life under Trump
Dec 19, 2024, 7:57 AM
Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.
Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Dec 19, 2024, 7:16 AM
Stubborn inflation, tax rises and high interest rates makes it difficult for many to muster optimism, at least in the short term.
Having a Christmas gathering this year? The feast will cost more this year
Dec 19, 2024, 6:00 AM
Millions of Americans are gearing up for Christmas, with many planning to spend time with loved ones and cook food. Christmas dinner and gingerbread ingredient will be costlier, according to Expana.
It was a better year for Bidenomics than for Biden
Dec 19, 2024, 6:00 AM
Voters are unimpressed with the Biden economy, but it has improved all year and should allow Trump to take office in January with a pleasant tailwind.
Why Powell says inflation is still on track: Morning Brief
Dec 19, 2024, 6:00 AM
Fed Chair Powell tried to make sense of contradictory storylines and conflicting data, delivering a final watchword: caution.
How much will my water bill rise by?
Dec 19, 2024, 5:57 AM
Regular Ofwat has revealed how much water companies can raise their customers' bills by.
Minister Tulip Siddiq named in Bangladesh corruption probe
Dec 19, 2024, 4:22 AM
Tulip Siddiq is alleged to have helped her aunt, the former prime minister of Bangladesh, embezzle up to £4bn.
Where Does a ‘Remarkable’ U.S. Economy Go From Here?
Dec 19, 2024, 5:03 AM
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.
Why are water bills rising so much and what can I do?
Jul 10, 2024, 7:03 PM
The water regulator has confirmed that average water bills will rise by 36% between 2025 and 2030.
Fed rate cut: How it affects your bank accounts, loans, credit cards, and investments
Dec 18, 2024, 2:00 PM
How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.
Nike to report earnings as investors look for turnaround under new CEO Elliott Hill
Dec 18, 2024, 9:00 AM
Wall Street is hoping Nike will take a step in the right direction under new CEO Elliott Hill.
Water bills to rise by £31 over next five years, regulator says
Dec 19, 2024, 2:03 AM
Water bills to rise by £X a year on average in England and Wales over the next five years, regulator says
G.M. Led in China for Years. Here’s How It Ended Up 16th in Sales.
Dec 19, 2024, 12:00 AM
General Motors has gone from market leader to also-ran in the world’s largest car market, stymied by its own missteps and Chinese policies that favored its local rivals.