Markets
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Do you have a high-yield savings account? Warning: This could stop you from accessing your cash in a hurry.
You’ve made some money by stashing funds in a high-yield savings account, and now you want to cash in to make a down payment on a home. High-yield savings accounts are having a moment. With the federal-funds rate in the range of 5% to 5.25%, consumers can earn an annual return of up to 5%…
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The share of first-time homeowners hits lowest level in 41 years. But this house hunter, 33, has a plan.
As student-loan payments are set to resume, Houston-based house hunter Meshawn Cisero is looking over his budget with a fine-toothed comb and cutting expenses as he gears up to pay over $400 a month for his student debt. The 33-year-old, who works as a program manager at a startup, has cut back on traveling, going…
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PTEN Stock Price | Patterson-UTI Energy Inc. Stock Quote (U.S.: Nasdaq)
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China retail sales and industrial production cooled in May
Growth in China’s consumption and industrial production cooled in May, showing that the country’s economic recovery is losing momentum, official data showed Thursday. Retail sales, a proxy for China’s consumption, rose 12.7% from a year earlier in May, down from an 18.4% increase in April, said the National Bureau of Statistics. The result missed the…
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Older adults are finally catching up on delayed surgeries. That means pain for health insurers, gains for hospital operators.
Older adults are finally catching up on surgeries for problems with their knees and hips they delayed during the pandemic. That means higher costs for health insurers and potential gains for hospital and surgical-center operators. The trend was revealed by executives at Dow DJIA component UnitedHealth Group Inc. UNH at a Goldman Sachs investor conference…
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Tesla again raises starting price of Model Y by $250 in U.S.
Tesla Inc. raised U.S. prices for its Model Y crossover by $250 on Tuesday. The starting price for a Model Y is now $47,740, according to Tesla’s website. Prices for the “long-range” and “performance” versions remained the same. After cutting prices on its vehicles earlier this year to boost sales, Tesla has been tweaking prices…
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UnitedHealth leads insurer stocks lower, SoFi shares advance, and more stocks on the move
Here are some of the most notable movers in Wednesday’s session: Stock gainers: Shares of surgery-linked names including Stryker Corp. SYK, Universal Health Services Inc. UHS, Zimmer Biomet Holdings Inc. ZBH, Teleflex Inc. TFX, Boston Scientific Corp. BSX, Edwards Lifesciences Corp. EW and Intuitive Surgical Inc. ISRG were among the biggest… Source
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2-year Treasury yield jumps after Fed sees more 2023 rate hikes on the way
The two-year Treasury yield jumped Wednesday afternoon after the Federal Reserve officials indicated more interest rate hikes are on the way this year even as they voted for no rate increase in June. What’s happening What’s driving markets Projections released on Wednesday showed that the median estimate of policy makers for the fed funds rate…
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Why SoFi’s stock is this analyst’s top pick in fintech
SoFi Technologies Inc. shares have more than doubled this year, but they’re still cheap in the eyes of BTIG analyst Lance Jessurun. “Ultimately, while SoFi’s shares may be inexpensive now, it’s difficult to see valuation remaining this low,” he wrote in a Tuesday note to clients, as he initiated coverage of the financial-technology name with…
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Recession? Who cares! Deutsche Bank shares Goldman’s bullish stocks view as banks split on downturn.
Happy Fed decision day to all who observe. After Tuesday’s as-expected inflation numbers, the market has settled on the idea that the Fed will skip a rate hike at the meeting, and according to market strategist Charlie Bilello, the Fed has done exactly what markets expected at every meeting since 2009. Wall Street banks are…