Yesterday, it was a drop below 7.25%. Today, the 7.20% floor was broken. Mortgage rates have been on a tear over the past month and are now back to 7.17% for the average lender. If there's one thing that deserves most of the credit for this bull run, it's the extreme bearishness in tech stocks. The NASDAQ is now down roughly 14% from the October highs and the drop perfectly coincides with the drop in bond yields and interest rates. The road ahead is fairly simple: if tech continues causing panic in stocks, interest rates can continue to benefit. The caveat is that the benefit to rates has been getting smaller and smaller relative to the drama in stocks. This would also suggest that any miraculous bounce in stocks would likely prompt a similar correction in rates. Economic data still matters as well. On that note, tomorrow brings the monthly jobs report, which should always be respected as a potential source of volatility.
Another wipeout for stocks tied to the buildout of AI data centres is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.
by ALEXX ALTMAN-DEVILBISS | The National News DeskThu, November 5, 2026 at 10:54 AMA Powerball ticket is seen on a counter after being purchased in a store on October 04, 2023 in Miami, Florida. (Photo by...
OCBC’ strategists Sim Moh Siong and Christopher Wong expect USD/CNH to consolidate as Chinese policymakers temper rapid Renminbi (RMB) gains. A recent hike in the FX deposit reserve requirement ratio to 6%...
Mother Jones illustration; om Williams/CQ-Roll Call/Getty Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Voters threw Republicans out of...
Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days.At the centre of the crisis is...
The US labour market continues to show strength, with unemployment claims reportedly falling to their lowest level in 57 years. This suggests that most employers are holding on to their existing employees and...
DTN's Quick Takes 11/5/2026 | 12:45 PM CST (Illustration by Nick Scalise) OMAHA (DTN) -- Posted 12:42 -- December corn is down 3 1/2 cents per bushel, January soybeans are down 12 3/4 cents, December KC wheat is up 3 cents, December Chicago wheat is up 1 cent and December MIAX wheat is up 3 3/4 cents. The Dow Jones Ind
(Oil & Gas 360) – Oil prices climbed more than $2 per barrel Thursday as investors reassessed the outlook for the U.S.-Israeli conflict with Iran, while renewed attacks on vessels in the Persian Gulf...
Paraguayan lawmakers voted to impeach President Santiago Peña minutes after his resignation, as the collapse of a digital bank tied to his government froze millions of people's savings.
Given how deeply Google products are embedded in many Canadian classrooms, alarm bells were set off when the company told schools that switching off artificial intelligence tools totally will also cut access to its ubiquitous search engine.
In brief American Bitcoin, the Trump-family-backed, Hut 8-majority-owned miner, swung to roughly $126 million in net income in Q3, from a $57.2 million loss in Q2, with adjusted EBITDA of about $221 million. The turnaround leaned heavily on a $197 million gain on its digital assets as Bitcoin’s book value rose. Mining
The U.S. midterm elections lay the foundations for a dramatic change in Washington, which saw global oil prices fall in response, and that could soon lead to relief at gas pumps. Oil prices fell sharply on...
.16K FollowersAnalyst’s Disclosure: I/we have a beneficial long position in the shares of MU, SKHY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses...
Natural Gas Inventories as of October 30, 2026 The EIA has released its natural gas inventory report, showing a net increase of 77 Bcf as of October 30, 2026. Working gas in storage was 3,801 Bcf as of...
HomeStock IdeasLong IdeasTech SummaryMicron Technology, Inc.'s stock price is dropping today by roughly 10%, which created a great opportunity, as the sell-off now reaches 41% in barely over 4 months.Each...
A midterm shift in Congress and two high-profile House losses have left crypto's biggest bill on a ticking clock. One lawyer says the calendar could decide XRP's regulatory future before the new year...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, Nov. 4, 2026. Jeenah Moon | ReutersWhether it's a referendum on the midterms or just a continuation of a bear market in...