The stock market hates surprising economic news. The latest evidence: Stocks plummeted in December after Fed officials signaled that they expect to cut interest rates only two times next year — down from the four projected in September. The news triggered a sell-off that ended in a 3% drop in the S&P 500 (^GSPC) and … Read more
Quantum computing stocks have emerged as one of 2024’s hottest investment themes, with the Defiance Quantum ETF (NASDAQ: QTUM) soaring 49.4% year to date, nearly doubling the S&P 500‘s robust 24.3% gain. While widespread commercial quantum computers might take years to develop, major technological breakthroughs have sparked an early rush into what many see as … Read more
Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today’s top stories Federal agencies will run out of money tonight at midnight after House Republicans weren’t able to pass a stop-gap funding measure yesterday. … Read more
By Stephen Culp and Alden Bentley NEW YORK (Reuters) -Wall Street closed mixed on Thursday and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless post-Christmas trading. The dollar was flat, crude oil fell, and gold rose. The three U.S. stock indexes were all nearly unchanged, paring mild … Read more
By Rishav Chatterjee and Shivangi Lahiri (Reuters) -Singapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees. The firm’s shares slumped by the most in over four years as the city-state’s bourse opened for … Read more
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to … Read more
Before you dive into the house hunt, having a good handle on your budget is crucial — specifically, how much you can afford to pay monthly on your mortgage payment. There are several ways to gauge this, but one of the most popular strategies is called the “28/36 rule.” Here’s how the 28/36 rule can … Read more