Mortgage Rates Fall to 6.5%, Hitting Their Lowest Since October 2024
Mortgage rates hit 6.5%, the lowest level since October 2024 Mortgage rates moved slightly lower again this week following the Labor Day long weekend, reaching a fresh 2025 low. The average 30-year mortgage rate was 6.5% this week through Wednesday, according to Freddie Mac data, down from 6.56% a week earlier. The average 15-year rate […]
US Stock Futures Hold Steady as Investors Anticipate Key Jobs Report
US stock futures little changed as investors await key jobs report Pressure on House to pass Trump’s ‘Big Beautiful Bill’ by July 4 deadline The pressure is one for House Republicans to pass President Trump’s massive tax cuts and spending bill by his July 4 deadline. Fox – 32 Chicago U.S.. stock futures are little […]
Billionaire Investor Mark Cuban Sounds Alarm: ‘This is How Recessions Begin’ Amid Federal Spending Cuts Impacting the Economy
Billionaire investor Mark Cuban warns ‘this is how recessions start’ as federal cuts ripple through the economy Mark Cuban warned the federal government’s abrupt and deep cuts are having spillover effects across the economy, eventually leading to a downturn. The latest jobs report showed solid gains, but it pointed to early effects of DOGE cuts […]
What You Need to Know This Week
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]