WASHINGTON D.C (VINnews)— American households devoted nearly half of their total expenditures to housing and food in 2025, the largest combined share recorded in 15 years, according to Bureau of Labor Statistics data released this week. Join our WhatsApp group Subscribe to our Daily Roundup Email Housing accounted for 33.9% of average annual spending, the [...]
United Overseas Bank strategists Quek Ser Leang and Lee Sue maintain a negative stance on USD/CNH, noting that the pair has been edging lower and remains under downward pressure. Short-term projections see...
A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the...
Recent advances in artificial intelligence (AI) have shifted the tech landscape, minting a string of stock winners along the way. One of those is Sandisk (SNDK -14.05%). It's been less than a year since it...
The rate market continues taking cues from turmoil in the tech sector. That resulted in the lowest rates in more than a month today as tech stocks slide to their lowest levels since July. The biggest shift for the underlying bond market (bonds dictate rates) came just before 1pm on reports that Anthropic's post IPO credit rating was not likely to be investment grade. That matters because it means Anthropic would face higher borrowing costs. Given the company's key role in driving the AI buildout, there are two implications that helped bonds/rates today. First, higher borrowing costs mean lower potential debt issuance, and that issuance has been a key factor in pushing interest rates higher in 2026. Second, any headwinds for major AI companies suggest potential economic headwinds given the central role AI plays in the current economic growth cycle. In general, lower/slower economic growth is good for rates/bonds, all else equal. The average mortgage lender added modestly to yesterday's larger improvement, resulting in a top-tier 30yr fixed rate just under 7.30%. This is the lowest level since September 23rd, 2026.
A day after Alphabet lost $500 billion in market value due to a slowdown at Google, Reddit stock plunged 30% Friday after the company said its search traffic was “down meaningfully” in the third...
Jakub Porzycki | Nurphoto | Getty ImagesCrypto firms and law enforcement are racing to recover more than $6 billion worth of cryptocurrency stolen from Binance before hackers manage to hide the funds.The...
CMS Administrator, Dr. Mehmet Oz and President Trump- White House photoWASHINGTON (AP) — Chronically ill people on Medicaid won’t be bound by new work requirement rules that the latest Trump administration...
Oct 31, 2026 – 5.00amIf it wasn’t already obvious how pivotal the float of Anthropic will be to the fate of the artificial intelligence boom, it should be now.Even the biggest gorillas in the AI zoo are...
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/SGD has eased with the softer US Dollar (USD) and lower US yields, while Singapore’s import prices show strong energy-driven inflation.
Didem Mente | Anadolu | Getty ImagesBinance has suffered the biggest hack in crypto history, but that's done little to shake confidence in bitcoin, according to market analysts and researchers.On Thursday,...
Halloween candy: It's decision time. Are you going to get stuff you like? Or are you going to get stuff you don't like so you don't eat any? Are you going to spend a ton? Or are you afraid of being left with...
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ExxonMobil and Chevron reported profits Friday from almost $10 billion to over $15 billion amid the Iran war that’s triggering high oil prices and skyrocketing refining margins. Big Oil’s big earnings come...
Appeasing Moscow and punting on Iran haven’t calmed oil markets or voters. By Keith Johnson, a staff writer at Foreign Policy covering geoeconomics and...
Medical Properties Trust reported Q3 2026 funds from operations of $63.8 million and net income of $201.6 million on $250.1 million in revenue, supported by $680 million of asset sale proceeds and a $2.4 billion secured-notes refinancing that extended debt maturities. The sale of nine hospital properties at prices above original investment and more than $750 million of year-to-date cash collections indicate a focus on strengthening the balance sheet, while portfolio rents are currently...
Covenant Logistics Group CEO David Parker expects truckload contract rates to increase by double digits in 2027 as trucking companies contend with rising operating expenses, tightening driver capacity and...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 30, 2026. Brendan McDermid | ReutersMarket professionals are sounding worried about the artificial intelligence...
Meta reached a settlement in a landmark case over the alleged harms of social media, the plaintiffs' lawyers said Friday, leaving Snap as the only defendant in a trial set to open in Los Angeles next week."We...
During an hourlong earnings call last night, Rivian CEO RJ Scaringe spent less time talking about the production ramp of the all-important R2 SUV than he did hyping the company’s still-unproven autonomous...
Companies are increasingly turning to debt markets to finance the build-outFor the past few years, artificial intelligence has been Wall Street's favourite investment story. Pour billions into chips, build...