Markets
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U.S. stocks mostly higher in final hour of trade as investors parse jobless claims, await March jobs report
U.S. stocks traded mostly higher in the final hour of trade on Thursday, with the Dow Jones Industrial Average wavering between gains and losses, as investors digested weekly data on the number of Americans applying for unemployment benefits, while looking to Friday’s jobs report for signs of a slowing economy and the future of the…
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Bond market’s most deeply inverted gauge is pointing to ‘large slowdown in economic growth’ and ‘deep recession’
The most deeply inverted part of the U.S. yield curve is one that hasn’t sent a false signal about the prospects of a U.S. recession in more than a half-century of research. That’s the spread between 10-year and 3-month Treasury yields, which was around 153 basis points below zero as of Thursday — reflecting a…
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HBAN Stock Price | Huntington Bancshares Inc. Stock Quote (U.S.: Nasdaq)
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services. The firm operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial…
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10-year Treasury yield drops for sixth straight session, longest stretch since March 2020, amid recession fears
Most Treasury yields fell on Wednesday, with the 10-year rate declining for a sixth straight session, after data showed the U.S. economy’s private sector added fewer-than-expected jobs in March and reinforced recession fears. What happened The yield on the 2-year Treasury TMUBMUSD02Y, 3.787% declined 7 basis points to 3.761% from 3.831% on Tuesday. Wednesday’s level…
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I’m 61 and earned $83,200 in investment income last year. Will that affect my Social Security benefit?
Dear MarketWatch, I really enjoy your articles. Thank you for your terrific work. My question is this: I know that if you take Social Security before your full retirement age, you’ll lose $1 in benefits for every $2 over the earnings threshold. But does that include investment income or just wages? I’m 61 and I…
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Mortgage demand falls — despite a dip in the 30-year rate — as buyers struggle to find homes for sale
The numbers: The rate for a 30-year mortgage dipped for the fourth week in a row, but buyers aren’t seizing the opportunity, as they can’t find many listings on the market. Demand for mortgages fell 4.1% in the latest week as the 30-year fixed-loan rate dropped for the fourth consecutive week. Demand fell for both…
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Bud Light draws backlash after promoting trans activist Dylan Mulvaney, but marketing pros say it’s a smart move
When trans activist and actress Dylan Mulvaney shared this past weekend on social media that she was featured in a Bud Light BUD, -0.05% promotion, it prompted transphobic backlash from many conservative commentators and fans of the beer alike. One commentator wrote: “Who the hell at @budlight thought it was a good idea to make…
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Oil-production cuts threw ‘another log on the fire’ in Fed’s inflation fight, says BlackRock’s Rick Rieder
Soon after March’s sudden bank failures startled markets, April kicked off with surprise oil-production cuts that left investors worried about potential ripple effects on still high inflation. Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, said in a phone interview that when he saw…
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The commodity supercycle is still young, these strategists say. Here’s why.
Be careful what you wish for. U.S. job openings dropped below 10 million, a symbolic sign that the Federal Reserve’s efforts to combat inflation by sapping labor-market demand was working — and U.S. stocks promptly fell. Perhaps the bigger issue is that investors were not willing to push stocks out of the 3,800 to 4,200…
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Oil futures fall after 4 session gains in a row, but supply data is ‘far from recessionary’
Oil futures inched lower Wednesday, with prices easing back after posting gains in each of the past four trading sessions, buoyed by concerns over tighter supplies on the heels of an OPEC+ decision over the weekend to cut oil production. Weak U.S. economic data Wednesday fed concerns of an economic recession that would hurt energy…