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Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating.
Jamie Dimon warns that investors are showing ‘extraordinary amount of complacency’
JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks.
What does the Moody's rating downgrade mean for the economy?
Investors sold off U.S. debt over the weekend after a high-profile downgrade of the nation’s credit, stoking concern about rising borrowing costs as long-term Treasury yields spiked. The trend
So much for ‘Sell America’ — S&P 500 tallies sixth straight win as stocks erase losses following Moody’s downgrade
For a minute there, it looked like the “Sell America” trade was poised to make a comeback on Monday after Moody’s decided to strip the U.S. of its top-tier credit rating late Friday.
Australian central bank reduces benchmark interest rate to 3.85% in second cut this year
Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage for a second time this year, to 3.85% after inflation fell within a target range. The Reserve Bank of
Morgan Stanley market strategist says downgrade dip presents buying opportunity
Morgan Stanley's chief market strategist said in an investor note that a stock market decline related to the Moody's downgrade could give investors a buying opportunity.
Asian shares advance after China cuts interest rates to boost economy
Asian shares rallied Tuesday after China cut key interest rates as part of its effort to fend off malaise worsened by the trade war. Shares in China's CATL, the world's largest maker of electric
JPMorgan CEO Dimon Still Intends to Step Down in Next Few Years. ‘It’s Up to the Board.’
What we’ve told you is that the board has intent...to be thinking about succession, and we should be doing that,’ the CEO says at JPMorgan’s Investor Day.
Tariffs creating ‘diminished momentum’ among Texas businesses, Dallas Fed survey finds
President Donald Trump’s tariff policy is taking a toll on Texas’ economic activity — and the optimism of the state’s business leaders — according to a Federal Reserve Bank of Dallas survey. In its
UnitedHealth Stock Gains 8% After Insider Buys. New CEO Bought $25 Million.
UnitedHealth Group shares rose 8% Monday, buoyed by news that five company insiders including new CEO Stephen Hemsley bought stock in the battered health insurer. UnitedHealth Group stock finished at
Bath & Body Works brings on former Nike exec as new CEO
Bath & Body Works has chosen a former Nike executive to become its new CEO: Daniel Heaf. The company also put out preliminary first-quarter results.
‘Sell America’ is back on after a massive debt warning
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.
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