Market

30-year mortgage rates dip slightly to 6.87%, but remain close to 6.9%. Despite volatility in bond markets, rates have been stuck in a narrow range, impacted by inflation data and Fed rate cuts assumptions.

Published on: February 13, 2025, 07:02 PM UTC

SailPoint (SAIL) raised $1.38 billion in its Nasdaq IPO, valuing the identity management tech firm at $12.6 billion. The company expects revenue growth of 41% in 2025, but is still operating at a loss.

Published on: February 13, 2025, 07:02 PM UTC

Q4 Earnings Highlights: Bowlero, VF Corp, Apple, CBRE, 1-800-Flowers Earnings results for Bowlero, VF Corp, Apple, CBRE, and 1-800-Flowers reveal mixed Q4 performances in the consumer discretionary sector.

Published on: February 13, 2025, 07:01 PM UTC

India's PM arrives at the White House to discuss tariffs, but energy, personal connections, and non-tariff barriers could soften Trump's stance.

Published on: February 13, 2025, 06:03 PM UTC

US stocks rebound on Trump's tariff announcement, hotter inflation data

Published on: February 13, 2025, 06:02 PM UTC

Coffee prices are soaring, with futures up 30% year-to-date and consumer prices rising as well. The surge is due to climate issues impacting production in top exporters like Brazil and Vietnam, as well as rising shipping and labor costs. Some companies are considering price hikes, while others are shielded by hedging strategies.

Published on: February 13, 2025, 06:02 PM UTC

30-year mortgage rates continue to hover around 6.87%, despite recent volatility in bond markets. While rates are slightly lower than the year-to-date high of 7.04%, they remain well above the sub-4% rates seen in recent years. Experts predict that rates will likely stay elevated due to inflation concerns and the Federal Reserve's reluctance to lower interest rates. Mortgage applications for home purchases remain depressed due to the higher rates.

Published on: February 13, 2025, 06:01 PM UTC

Wholesale prices in the US rose by more than expected in January due to higher food and energy costs, limiting progress on inflation ahead of tariffs imposed by the Trump administration.

Published on: February 13, 2025, 05:04 PM UTC

Chinese property firm Greentown China Holdings Ltd. priced a $350 million bond to refinance offshore debt, the first dollar note sold by a major Chinese property firm since 2023.

Published on: February 13, 2025, 05:04 PM UTC

Egg prices have hit a record high and are expected to continue rising due to an outbreak of avian flu that has decimated laying hen flocks. Despite the wholesale price of eggs reaching $8.15 a dozen, grocery stores are keeping prices lower to attract shoppers and maintain market share. Retailers are employing strategies such as limiting purchases, offering loyalty discounts, and reducing promotions to offset their losses. However, with egg demand remaining strong and the supply gap widening, it is likely that prices will continue to increase.

Published on: February 13, 2025, 05:03 PM UTC