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Mortgage Rates Rise as December Rate Cut Looks Less Likely

What Happened Mortgage rates just jumped to their highest level in over three weeks. The 30-year fixed mortgage rate hit 6.33% on October 30. That's up from 6.13% before the Fed's latest meeting - a move in the wrong direction for hopeful homebuyers. The Federal Reserve cut its benchmark rate by a quarter point on […]
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Dow Falls 350 Points With Netflix Dragging Tech Lower Ahead of Tesla Results

The Selloff Markets slid Wednesday as investors digested a flood of earnings reports. The Dow Jones Industrial Average fell over 350 points, or 0.8%. The S&P 500 lost around 0.8%. The tech-heavy Nasdaq Composite led declines, dropping about 1.5%. Wall Street had been riding high on strong third-quarter earnings so far. That optimism faded Wednesday […]
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Standard Chartered Says Bitcoin Will Dip Below $100K Before Rallying to $200K

The Prediction Standard Chartered's top crypto analyst sees a dip coming for Bitcoin. Geoff Kendrick, global head of digital assets research at the bank, wrote Wednesday that "a dip below $100,000 seems inevitable, although the dump may be short-lived." He's not backing off his bullish stance though. Kendrick confirmed his year-end price target of $200,000 […]
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AI Bubble Named Biggest Market Threat for First Time Ever, Yet Investors Stay Bullish

The Bubble Concern AI bubble fears are spiking among professional investors. Bank of America's latest Global Fund Managers Survey polled 166 managers overseeing $400 billion in assets. A third named an AI equity bubble as the top market threat. That's up from just one in 10 a month earlier. It's the first time in the […]
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