The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]
Mortgage rates surge over 7% as tariffs hit bond market Read More »
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also lowered its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up
Frontier Airlines cuts flights after travel demand fell in March Read More »
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece,
Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation Read More »
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20
Morgan Stanley tops quarterly estimates as equity trading revenue surges 45% Read More »
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings:
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty Images State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the
State Farm pleads for emergency rate hikes on California homeowners Read More »
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the
Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says Read More »
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York City. Michael M. Santiago | Getty Images With each passing day since President Donald Trump’s sweeping tariff announcement last week, a growing sense of unease had begun to pervade Wall Street. As stocks plunged
Trump’s pivot on tariffs shows that Wall Street still has a seat at his table Read More »
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner’s meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida. Julio Aguilar | Getty Images For decades, Major League Baseball has stood alone among the major U.S. sports leagues as the only one without a salary cap. Team owners may test
MLB weighs a salary cap as potential lockout looms in 2026 Read More »
