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Mortgage rates dipped slightly to 6.85% for 30-year fixed-rate and 6.04% for 15-year loans as inflation data was shrugged off by financial markets. Rates remain elevated, impacting affordability and homebuyer demand.
Published on: February 20, 2025, 07:03 PM UTC
Energy stocks have outperformed other sectors thanks to natural gas, driven by cold weather, pipelines, and midstream companies. Amid expectations of stock buybacks and dividend hikes, investors have rotated into the Energy sector. Plains All America Pipeline, Baker Hughes, and MPLX have posted strong gains, while ExxonMobil, Chevron, and BP have also seen increases.
Published on: February 20, 2025, 07:02 PM UTC
US stocks experienced a decline on Thursday as investors closely examined Walmart's financial outlook and assessed the potential impact of President Trump's proposed tariffs and policy changes.
Published on: February 20, 2025, 07:02 PM UTC
Gold hits record high amid geopolitical risks, trade war concerns, and Trump's Fort Knox comments. Market experts anticipate further price increases due to central bank demand and safe-haven appeal.
Published on: February 20, 2025, 07:01 PM UTC
Rivian (RIVN) reports Q4 and full-year earnings after the bell, with investors eyeing revenue, loss per share, EBITDA, and production/delivery updates amid partnership expansions, government loan scrutiny, and potential EV tax credit repeal.
Published on: February 20, 2025, 07:01 PM UTC
Rivian (RIVN) reports Q4 earnings Wednesday, with analysts expecting revenue of $1.386 billion and an adjusted EPS loss of $0.65. Watch for updates on production, partnerships, and the status of the federal EV tax credit.
Published on: February 20, 2025, 07:00 PM UTC
Freddie Mac reports a decline in average 30-year mortgage rate to 6.85%, marking the fifth consecutive week of reduction.
Published on: February 20, 2025, 06:05 PM UTC
Oil extends gains on supply uncertainty as US inventories rise
Published on: February 20, 2025, 06:04 PM UTC
Mexico's central bank vows continued monetary easing despite US tariff uncertainty; minutes show potential for further rate cuts in March.
Published on: February 20, 2025, 06:04 PM UTC
Chicago Fed President Goolsbee expects the PCE inflation reading to be less sobering than the CPI, but remains concerned about potential inflation impact from Trump's tariff policies.
Published on: February 20, 2025, 06:03 PM UTC