Dow Jones futures were little changed in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally reversed on Wednesday after the Federal Reserve hit 5.1% as the new peak rate target and Fed Chief Jerome Powell demanded “much more evidence” that inflation is under control. X But stocks pared losses in …
Stocks fall on Fed outlook; Musk sells more TSLA Read More »
China could reopen its border with Hong Kong before the Lunar New Year China may drop quarantine requirements for Hong Kong residents traveling to the mainland ahead of the Lunar New Year next month as part of the latest round of reopening measures, the South China Morning Post reported, citing official sources. close to the …
Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …
As home prices fall, Southern Californians who bought at the high are nervous Read More »
CNN — Mortgage rates fell again this week, falling for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, …
Mortgage rates fall for the fourth consecutive week | CNN Business Read More »
The Dow Jones Industrial Average fell on Wednesday as major stock indexes threatened to fall again after back-to-back selloffs in stock markets on Monday and Tuesday. Shares of Apple and Tesla traded sharply lower after the market opened. X Sports + Outdoors Academy (ASO), MongoDB (MDB), discount retailer Ollie’s Market Electrical outlets (OLLI), Thor Industries …
Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …
European markets fall as investors assess China’s Covid relaxation and oil moves Read More »
