The Federal Reserve, in its meeting, slashed interest rates for the second time this year. It cut key interest rates by 25 bps, bringing down the benchmark rate to 4.5%-4.75%, following the 50-bps cut...
Election Day has approached, and the polls indicate a tight race between Democratic Party candidate Kamala Harris and Republican nominee Donald Trump. Neither candidate holds a meaningful edge in enough...
Wall Street has shown a remarkable rally this year. The artificial intelligence (AI) craze and rate-cut optimism have been the major driving factors amid recession fears, geopolitical tensions and the...
While the 30-year mortgage rate has improved and is again on a downward trajectory, it is crucial to acknowledge that it is still relatively high. However, mortgage rates are currently at 6.08% (as of...
The third quarter of 2024 has been extremely volatile for the U.S. stock market. While recession fears, geopolitical tensions, fading AI craze and uncertainty surrounding the elections kept investors on...
With just a few trading days left to end the first nine months of 2024, one cannot help but note Wall Street's remarkable rally in this span, buoyed by the artificial intelligence (AI) craze and rate-cut...
Wall Street rallied, buoyed by the first interest rate cut since 2020 to address slowing economic growth. The S&P 500 and the Dow Jones hit new all-time highs and topped 5,700 and 42,000 milestones, respectively,...
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 77.45% from its 52-week low price of $71.22/share.But are more...
According to Freddie Mac, for the week ending Sept. 12, the 30-year fixed-rate mortgage slipped to its lowest level since February 2023. The rate on the 30-year loan averaged 6.2%, down from the four-week...
The Fed is likely to deliver the first interest rate cut since 2020 in its meeting, scheduled to start on Tuesday. Markets are pricing in 50% chances of a 50-bps rate cut and 50% odds of a 25-bps rate...