Market

Mortgage rates dip amid market volatility caused by evolving tariff plans. The average 30-year mortgage rate is 6.89%, down from 6.95% the previous week. 15-year mortgage rates also fell to 6.05% from 6.12%.

Published on: February 06, 2025, 06:00 PM UTC

The Bank of England's latest economic forecasts contradict Chancellor Rachel Reeves' plans to boost UK growth, predicting a slowdown, rising inflation, and a potential recession. This poses challenges for Reeves as she attempts to repair public finances and improve business sentiment.

Published on: February 06, 2025, 06:00 PM UTC

Senate finance committee questions U.S. trade representative nominee Jamieson Greer on trade tensions impact on farmers and rural economies.

Published on: February 06, 2025, 06:00 PM UTC

Qualcomm shares fell as investors worry about declining smartphone demand. Qualcomm projects flat or low single-digit growth in the overall smartphone market in 2025, excluding Huawei revenue. Qualcomm's technology license business outlook also raised concerns among analysts. Despite the decline, Qualcomm reported strong fiscal Q1 results, with revenue rising 17% to $11.7 billion and EPS of $3.41.

Published on: February 06, 2025, 04:04 PM UTC

Vanguard Cuts Fees on 168 Mutual Funds and ETFs, Lowering Average Ratio to 0.07%

Published on: February 06, 2025, 04:03 PM UTC

Eli Lilly's Q4 earnings beat estimates, sending shares up 2%. Revenue increased 45% to $13.5 billion, driven by GLP-1 drugs Mounjaro and Zepbound. Mounjaro alone brought in $11.5 billion, but missed Wall Street estimates. The company raised its 2025 guidance to $58-$61 billion.

Published on: February 06, 2025, 04:02 PM UTC

Stay up-to-date on the latest market movements with our comprehensive analysis of the mixed performance of US stocks. Delve into earnings reports from Amazon, Eli Lilly, Peloton, Qualcomm, and more, and track the impact on key indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.

Published on: February 06, 2025, 04:02 PM UTC

Treasury Secretary Scott Bessent clarifies that the Trump administration is not pressuring the Federal Reserve to lower short-term interest rates, but rather seeking to reduce longer-term borrowing costs via 10-year Treasury yields. Bessent emphasizes the administration's focus on economic growth, inflation, and supply when assessing 10-year government bond yields.

Published on: February 06, 2025, 04:01 PM UTC

Amidst President Trump's shifting trade policies and the Fed's rate moves, investors are closely monitoring the labor market for signals on future rate cuts. While the Fed has categorized the job market as stable, economists have noted signs of weakness, including rising long-term unemployment and a low hiring rate. This softening, along with data showing a deterioration in consumer employment expectations and rising continuing claims, suggests that the upcoming January jobs report could shift the narrative on the Fed's rate outlook.

Published on: February 06, 2025, 04:01 PM UTC

Ford CEO Jim Farley slams Trump's tariffs, calls for fairness for all automakers in the industry.

Published on: February 06, 2025, 04:01 PM UTC