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Intel Rivalry Heats Up: Broadcom, TSMC Explore Deals to Split Chipmaker

Intel stock jumps on report of potential deals with Broadcom, TSMC that could split the company in two.

European Stocks Hold Gains as Defense Spending Outlook Boosts

European stocks hover near record highs and bonds decline amid expectations of increased government defense spending. German and British yields rise, while the Stoxx 600 index holds steady with defense stocks advancing. The war in Ukraine remains a key focus as markets await details on new defense funding, while the Federal Reserve's interest-rate path and US-China relations are also in focus.

OpenAI Considers Special Voting Rights to Thwart Musk Takeover

OpenAI considers granting special voting rights to its non-profit board to preserve directors' power amid Elon Musk's takeover bid.

BOJ’s Bank Stock Unloading Nears Completion, Raising Specter of ETF Sales

Bank of Japan may finish selling bank stocks faster than planned, raising questions about the timing of its ETF sales.

Trump Social Media Company Reports $400.9 Million Loss

Truth Social, the social media company founded by former US President Donald Trump, reports a $400.9 million loss in 2022, with revenue declining by 12%.

FHA, VA Loan Delinquencies Climb, Signaling Economic Trouble for Lower-Income Americans

Government-backed home loans are increasingly falling behind on payments, potentially signaling financial struggles for lower-income Americans. Delinquency rates on FHA and VA loans have surpassed pre-pandemic levels, highlighting the economic pressures faced by these borrowers amidst high home prices, inflation, and rising interest rates. Despite gradual increases in conventional mortgage delinquencies, they remain below pre-pandemic lows. Experts anticipate a potential rise in delinquencies outside the FHA sector, reflecting the vulnerability of lower-income households. Higher-income consumers are also facing the impact of inflation, with growing delinquencies observed in this group. However, current delinquency rates remain lower than during the 2008 financial crisis and the pandemic lockdowns, suggesting a stronger overall financial position among homeowners.

Wall of Worry: Stock Market Anxieties Linger Despite Record Highs

Investors should be wary of a complacent market and emerging risks, such as a trade war, government spending deficit, and China's real estate crisis. Despite near-record S&P 500 levels, the "wall of worry" includes potential triggers like bond yield spikes, valuations concerns, and technical sell signals.

How to Calculate Car Insurance Premiums: Factors That Affect Your Rate

Car insurance premiums vary depending on factors like coverage, location, and driving record. Learn how to calculate your premium, save money with discounts, and find the best deal.

Deep Layoffs Expected at HUD: Staff Cuts to Impact Housing Assistance, Discrimination Investigations, and Research

HUD bracing for deep job cuts amid Trump, Musk push to trim federal government

Tesla Stock Rallies Above 100-Day Moving Average, Buoyed by Positive Sentiment

Tesla's stock has rebounded above its 100-day moving average after a brutal stretch, but challenges remain amid declining sales in China, falling used car prices, and new tariffs.