FINANCE
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Average US rate on a 30-year mortgage rises slightly for the second week in a row
Associated Press (AP) — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring homebuying season ramps up. The rate rose to 6.67% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.87%. Including…
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CD rates today, March 17, 2025 (Lock in up to 4.50% APY)
The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at today’s CD rates and where you can find the best offers. As of March 17,…
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How are they different, and which one is right for you?
You can use and charge cards to make purchases where credit cards are accepted, and both types of cards can help if you make on-time payments. However, charge cards don’t carry interest and require you to pay off your balance fully each month. They also don’t tend to have preset spending limits, which could come in handy if you’ve ever…
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Kohl’s shares plummet as sales drop, guidance widely miss estimates amid turnaround efforts
Kohl’s (KSS) comeback attempt is falling flat as the department store chain reported fourth quarter results that showed steep drops. On Tuesday before market open, Kohl’s reported that Q4 revenue and same-store sales declined 9.4% and 6.7% year over year, respectively. Adjusted earnings per share came in at $0.95, compared to $1.67 in the year-ago period. Its 2025 outlook was…
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Stocks of McDonald’s and other fast food giants rise, but challenges from Trump tariffs loom
President Trump’s tariffs are throwing a wrench in fast food giants’ plans as the industry continues to struggle with rising costs and lower foot traffic. However, jittery investors may be looking toward value chains that could win over budget-conscious diners. On Friday, shares of McDonald’s (MCD) hit a record high. Over the last week, its stock rose 5%, even as…
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How Global Markets Are Reacting to the Latest Tariff News
U.S. stocks stabilized after Commerce Secretary Howard Lutnick suggested the Trump administration could scale back tariffs on Canadian and Mexican goods, with an announcement expected as soon as this afternoon. Lutnick said Tuesday that Trump would “work something out” with the countries, with a compromise “somewhere in the middle” the likeliest outcome. He made similar comments early Wednesday. Source link
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Has CVS Health Stock Turned Things Around?
Last year, shares of healthcare company CVS Health (NYSE: CVS) crashed by more than 43%. The company struggled with rising medical costs and routinely missed earnings expectations. It also got a new CEO. Investors had many reasons to remain doubtful about its future. But recently, the company posted strong earnings numbers that actually came in better than expected. Under new…
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Tech Stocks Hit as Nvidia Fails to Ignite AI Rally: Markets Wrap
(Bloomberg) — Stocks churned as Nvidia Corp.’s results failed to revive the artificial-intelligence-rally that has powered the bull market. Most Read from Bloomberg Equities came well off session highs, with tech shares leading losses. The chipmaker at the heart of the AI boom erased earlier gains as its good-but-not-great numbers underwhelmed investors. The dollar rose as President Donald Trump said…
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Savings interest rates today, February 24, 2025 (Top rate at 4.50% APY)
The Federal Reserve cut the federal funds rate three times in 2024, which means deposit account rates are also on the decline. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — as much…
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Stock markets may face correction, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday. Roughly $2.7 trillion of U.S. stock market derivatives are due to expire on Friday, which if not exercised, will put pressure on stock markets…
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