Interest rate News & Breaking Stories

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Argentina is making economic reforms to reduce imbalances and control inflation, while Chile is seeing growth driven by copper demand.

Jonesboro-based Halsey Thrasher Harpole Real Estate Group celebrates 10 years in 2024 with a major ownership change and expansion plans.

Dow Jones up 0.36%, S&P 500 up 0.15%, Nasdaq up 0.17%. Manufacturing data, job openings, and Treasury yields in focus.

Fidelity Bank Plc investors see 507% capital gains in 5 years, outperforming all benchmarks; analysts predict further growth potential.

Dow closes above 40,000 for the first time, Nvidia set to report earnings, metals prices near record highs, Fed dominates.

Megacap stocks Apple, Meta, and Alphabet saw gains as Nvidia surged. GameStop soared due to Reddit influence. Market influenced by economic data.

Finance House launches Sanad, UAE's credit card with the lowest interest rate at 1.25%, offering Emiratis significant savings and no annual fees.

Statistics Canada to release GDP figures for March and Q1 today. U.S. reports 'unprecedented' human smuggling from B.C. Interest rate cut may boost shopping.

Europe's inflation rises to 2.6%, ECB may cut interest rates ahead of US Fed, but future cuts uncertain due to growth concerns.

Salesforce CRM shares drop 16% pre-market due to mixed Q1 results and weak Q2 guidance. Investors cautious amid slowing tech spending.

Fixed mortgage rates are down for the third week, but may not drop much lower in 2024. Consider buying now.

Elon Musk reminisces about Red Lobster, blames financial troubles on endless shrimp deal. Industry struggles amid rising costs and consumer behavior.

Red Lobster closing dozens of restaurants, including NY and NJ locations. Facing financial struggles, auctioning off inventory. Largest seafood chain in U.S.

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First Central Savings Bank reports positive earnings despite higher interest rates, with focus on loan growth and asset quality. #Banking #Finance

Fed calms market fears as stocks rise after policy meeting. Interest rates steady, Powell says rate hike unlikely. Inflation remains high.

Republic First Bank seized by regulators after pulling out of import funding discussions, leading to takeover by Fulton Bank. Market impact significant.

US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.

Dow drops as Treasury yields spike, retail sales beat expectations. Goldman Sachs shines, Apple falls, Tesla faces layoffs. Geopolitical tensions rise.

Regulators investigate Morgan Stanley's wealth management division over potentially risky clients. Stock falls as probe widens. CEO transition adds uncertainty.

Beef and beverage prices remain high, while some food categories see a decrease in prices. Grocery inflation remains steady.

Wells Fargo estimates Costco's gold bar sales at $100-200 million/month. Gold prices up 13% this year. Silver coins also available online.

Inflation remains high despite avoiding recession post-pandemic. Experts predict gradual decrease in prices, uncertainty over interest rate cuts in 2024.

RBI keeps interest rate at 6.5% as India's economy shows strong growth, aiming for 7% GDP growth in 2024-25.

Consumer prices rose in February, casting doubt on inflation hitting the 2% target, impacting mortgage rates and rental prices.

Markets react to Malaysia Airlines plane crash and Gaza fighting, Shire and AbbVie strike deal, UK competition watchdog orders banking probe.

Asian markets fell as US stock indexes closed in the red ahead of key inflation data. Indian GDP data to be released.

Oil prices edge down following U.S. Federal Reserve comments and Middle East tensions, with uncertainty in demand and market surplus forecasted.

Malaysia's economy grows despite falling exports, with domestic consumption offsetting. Bank Negara Malaysia raised interest rates, but growth remains steady.

Stocks fall sharply on disappointing inflation data, raising fears of longer high interest rates. Nearly 90% of S&P 500 stocks fell.

January CPI report shows 3.1% inflation rate, exceeding expectations but cooling trend. Fed cautious on monetary policy amid rising shelter costs.

Tesla's CEO Elon Musk discussed investor concerns about profitability, AI, humanoid robots, and Cybertruck deliveries in the fourth-quarter earnings call.

Traders await Bank Negara Malaysia's meeting as the ringgit opens lower against the US dollar. US GDP figures may impact currencies.

Biden administration approves $4.9 billion in student loan debt relief for 73,600 borrowers, bringing total loan forgiveness to $136.6 billion.

JPMorgan Chase CEO Jamie Dimon's pay raised to $36 million for record-breaking 2023 profits, making him the highest-paid bank CEO.

Rising costs prompt seniors to consider returning to work, survey shows. Many say Social Security benefits won't cover expenses.

S&P 500 lost 1.5% in the first trading week of 2024, ending a nine-week streak. Analysts expect rocky start to 2024.

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Wall Street is rising after a big rally as investors hope for several interest rate cuts coming next year.

"Stock futures slip ahead of economic data, but Wall Street hopes for rate cuts. U.S. markets back to 12-month highs."

Get the latest on mortgage rates and find out how to save money on your mortgage in the long run.

High-quality company Microsoft (NASDAQ:MSFT) continues to generate strong results. OpenAI CEO Sam Altman has joined Microsoft, strengthening its position.

Investors lose hope in Fed, jobless claims rise, Starbucks employees strike on Red Cup Day. Labor market cooling, unionization efforts growing.

Hedge funds are exiting their short positions at a rapid pace, signaling a potential market resurgence and a rebalancing of US dollar longs.

Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.

Markets rally for a second day, with weekly totals up on the Dow and Nasdaq. Apple's earnings disappoint.

Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.

Israel vows to maintain its siege on Gaza until hostages are released, causing a growing humanitarian crisis in the region.

Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.