(Bloomberg) — The world’s biggest maker of crop nutrients said fertilizer demand is just now starting to stabilize from seismic shocks of the past few years that left the company with wild profit swings. Most Read from Bloomberg “We’re getting back at least to a market that we would call stable,” Nutrien Ltd. Chief Executive […]
(Bloomberg) — European equities gained after a euro-area policy maker hinted that two more interest rate cuts may be in store this year. Most Read from Bloomberg The Stoxx Europe 600 index advanced about 0.5%, led by the tech sector after a rebound in Nvidia Corp. shares helped boost the S&P 500 on Tuesday. Basic […]
LOS ANGELES (AP) — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. The rate fell to 6.87% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.67%. This is the third straight […]
SAN FRANCISCO (Reuters) – Automobile owners in the United States are holding on to their vehicles longer, according to a new study, even as major supply disruptions caused by the COVID pandemic ease and availability at dealerships rise. The average age of U.S. cars and light trucks this year rose to a record 12.6 years, […]
BTC rose over 7.5% on Wednesday, capping its best performance since March 20. Weak U.S. data strengthened the case of a Fed rate cut in September. The BOE and ECB are likely to cut rates in June. Bitcoin {{BTC}} posted its biggest single-day gain in nearly two months on Wednesday as weak U.S. economic data […]
US stocks rose on Wednesday, eyeing fresh record highs as a soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) jumped about 0.4% at the open. The tech-heavy Nasdaq Composite (^IXIC) climbed about 0.5%, after hitting […]
US stocks held steady on Wednesday, eyeing fresh record highs as a soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected. Futures on the Dow Jones Industrial Average (YM=F) rose about 0.4%, while those on the S&P 500 (ES=F) were 0.5% higher. Contracts on the Nasdaq […]
(Reuters) -Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious Americans shelled out less for big-ticket items while focusing on small-scale home repair and maintenance tasks. Customers have reined in discretionary spending and put pricey renovations on hold as they adjust to higher borrowing costs and elevated inflation. “Home improvement […]
Waking up with neck and back pain is more common than you’d think, but that doesn’t mean it’s something you should deal with. Like any muscle strain, leaving this problem unaddressed can do more harm than good in the long run, and sleep experts say that investing in the right pillow can make a world […]
Max Verstappen continued his crushing dominance of Formula One by taking pole position for the Miami Grand Prix. Four hours after racing to victory in Saturday’s sprint race, Verstappen saw off the challenge from Ferrari at the Hard Rock Stadium to retain his perfect record in qualifying this season. Verstappen’s latest one-lap triumph marked his […]
By Howard Schneider WASHINGTON (Reuters) – U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed […]
WASHINGTON — The Biden administration will take a historic step toward easing federal restrictions on cannabis, with plans to announce an interim rule soon reclassifying the drug for the first time since the Controlled Substances Act was enacted more than 50 years ago, four sources with knowledge of the decision tell NBC News. The Drug […]