The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan…
We’re making some changes to the CNBC Investing Club’s core holding designations to let members old and new know which stocks are our favorites going into 2025. To be a core holding, a stock must have excellent fundamentals for now and next year, and it must be one that I would prefer not to trim,…
For 86 years, researchers at Harvard have been studying the lives of hundreds of people and their families to discover what makes us happy. For example, the Harvard Study of Adult Development found that happy people tend to have good conflict-resolution skills, exercise often and maintain positive relationships. Dr. Robert Waldinger, the study’s director and…
Starbucks Workers United members picket outside a Starbucks store in Chicago, Illinois, US, on Friday, Dec. 20, 2024. Vincent Alban | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on Friday. The strikes will escalate each day, covering…
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023. Joe Raedle | Getty Images Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN…
The 10-year Treasury yield retreated on Friday as a key inflation gauge showed cooler-than-expected price pressures. Mid-morning remarks by Chicago Fed President Austan Goolsbee, confirming that rates could still decline next year despite the central bank’s cautious stance, also helped lift bond prices. The yield on the 10-year Treasury fell 4.4 basis points to 4.526% after topping…
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty Images A government shutdown is looming just as the peak holiday travel season gets underway. Lawmakers have…
CNBC’s Jim Cramer on Friday warned novices against day trading, referencing an article from the Wall Street Journal that described how more investors are developing serious gambling addictions to risky market trading. “We need to help those who’re getting addicted, and we need to stop those who might become addicted,” he said. “After all, the…
CNBC’s Jim Cramer reviewed Friday’s market action, dubbing the session an “exquisite moment,” where stocks opened weak, but the averages climbed by the close. While he said this particular moment has come and gone, he listed ways investors can recognize one in the future, saying these conditions can yield big gains. “We used to call…
Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie…
