Stocks making the biggest moves before the bell: AT&T, IBM, Crocs, Blackstone & more
Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 1.5% in premarket trading, after the company beat estimates by...
Stocks making the biggest moves after hours: IBM, CSX, Tesla, Lam Research & more
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: IBM — The tech company saw its stock dropping more than 5% in extended...
Weekly mortgage demand drops over 6% after interest rates move even higher
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell 6.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract...
Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society
Billionaire hedge fund manager Paul Tudor Jones believes inflation is here to stay, posing a major threat to the U.S. markets and economy. “I think to me the No. 1 issue facing Main Street investors is inflation, and it’s pretty clear to...
Younger investors are treating crypto trading like a ‘competition’ with their friends, UK regulator says
Casino chips decorated with bitcoin logos. Andrey Rudakov | Bloomberg | Getty Images LONDON — The vast majority of traders under 40 are investing in cryptocurrencies and other “high-risk” assets due to a sense of “competition” with friends and family,...
Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032
Photo by Mike Kline (notkalvin) | Moment | Getty Images House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans. But there’s an irony in the...
Stock futures are flat ahead of major earnings reports on Tuesday
U.S. stock futures were steady in overnight trading Monday as investors geared up for a big day of earnings on Tuesday. Dow futures fell just 12 points. S&P 500 futures fell 0.03% and Nasdaq 100 futures were around the flat...
Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
A worker carries lumber as he builds a new home in Petaluma, California. Getty Images Rising interest rates will result in a sharp drop in refinance demand in 2022, meaning a lot less business for mortgage bankers, according to the...
Homebuilder sentiment bounces back despite ongoing supply chain problems
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June 3, 2021. Mike Blake | Reuters The nation’s homebuilders aren’t seeing any relief from supply chain issues that have slowed...
Supply chain chaos is already hitting global growth. And it’s about to get worse
Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to...