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U.S. stocks reverse losses as Treasury yields slip while Powell warns more interest rate hikes may be in store

U.S. stocks swung higher on Thursday, reversing earlier losses as Treasury yields slipped after the 10-year traded close to the 5% mark. Meanwhile, investors

October 19, 2023

Markets

Tesla earnings miss, stock turns lower as Musk tempers Cybertruck expectations

Tesla Inc. investors initially looked past an earnings miss for the EV maker on Wednesday, focusing on some good news about the Cybertruck, but

October 19, 2023

Investment

U.S. industrial output up 0.3% in September as auto strike has limited impact

The numbers: U.S. industrial production rose 0.3% in September, the Federal Reserve reported Tuesday. The gain was above expectations of a 0.1% gain, according

October 19, 2023

Economy

Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024

High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates are over

October 19, 2023

Finance

Canada’s annual inflation cools in September

TORONTO (Reuters) -Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries,

October 19, 2023

Economy

Regulators Focus On AI-Powered Surveillance In BNPL Industry

In recent quarters, the financial services industry has been buzzing with discussions about regulation parity in the Buy Now, Pay Late sector, and its

October 19, 2023

Tech

The Shrinking Truth About Retailers’ Theft Complaints

The recent spate of headlines about the retail theft crisis implies that shoppers have suddenly gone rogue, on a crime spree ranging from cheating

October 19, 2023

Investment

London Stock Exchange Group On Course To Hit Upper End Of Guidance

Shares in London Stock Exchange Group rose on Thursday after the financial markets operator said it was on track to hit the higher end

October 19, 2023

Markets

Bank of America says this brokerage stock is cheap and has 50% upside

Bank of America thinks it’s the right time for investors to scoop up shares of Interactive Brokers after its earnings topped analyst estimates earlier

October 19, 2023

News

Big banks are quietly cutting thousands of employees, and more layoffs are coming

The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even

October 19, 2023

News

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U.S. stocks reverse losses as Treasury yields slip while Powell warns more interest rate hikes may be in store

Tesla earnings miss, stock turns lower as Musk tempers Cybertruck expectations

U.S. industrial output up 0.3% in September as auto strike has limited impact

Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024

Canada’s annual inflation cools in September

Regulators Focus On AI-Powered Surveillance In BNPL Industry

The Shrinking Truth About Retailers’ Theft Complaints

London Stock Exchange Group On Course To Hit Upper End Of Guidance

Bank of America says this brokerage stock is cheap and has 50% upside

Big banks are quietly cutting thousands of employees, and more layoffs are coming

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