GUANGZHOU, China (Reuters) – Nio unveiled a lower-cost brand named Firefly on Saturday that it touted as a rival to Mercedes’ Smart and BMW’s Mini in the Chinese electric vehicle …
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Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely tied to mortgage rates’ bumpy path this …
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Money market account rates today, December 21, 2024 (best account provides 5.00% APY)
by skolnesBetween March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed …
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Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. However, the …
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Savings interest rates today, December 21, 2024 (best account provides 4.75% APY)
by skolnesToday’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. However, the Fed finally …
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(Bloomberg) — US Treasuries were off their sessions highs late on Friday after a closely watched batch of inflation data came in below expectations, leading traders to lift the outlook …
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
by skolnesA federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the …
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Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The market is spooked by an inflation-concerned Fed not smashing the pedal down …
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President-elect Trump transfers close to $4 billion worth of his Trump Media shares to a trust
by skolnesShares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. …
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Fed’s Goolsbee says policy uncertainty led to his shift on rate-cut path
by skolnes(Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the …