From looking at the stock market this week, you wouldn’t think that the United States intervened in a military conflict in the Middle East over the weekend. Monday saw some dips and slight drops, but the market rebounded and closed up almost 1%. So far on Tuesday, markets are surging, with the S&P 500 hitting
Bitcoin and crypto have rebounded after a major escalation in the Israel-Iran conflict sent prices spiraling amid fears of a “doomsday” scenario. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus gains!” The bitcoin price has
From the looks of it, 2026 is going to be AI’s big year in the finance department. A new study from AI-powered procurement software company Tropic found that half of finance departments are currently piloting AI solutions, but 86% plan on using it in much fuller force by 2026. And they aren’t just doing it
‘Little urgency to cut rates’ The odds of a rate cut by the Federal Reserve have steadily dropped during the spring and are a virtual lock to remain unchanged this week. According to the CME Group’s FedWatch tool, 99.8% of interest rate traders think the Fed will leave benchmark rates at a range of 4.25%
00:00 Brad The FOMC’s June rate decision coming Wednesday. Investors aren’t expecting the Fed to cut rates, but they are awaiting an important update on the economic outlook. Yahoo Finance Fed correspondent, Jennifer Schonberger, has more. Jennifer. 00:18 Jennifer Schonberger Good morning, Brad. That’s right. The Federal Reserve widely expected to hold interest rates steady
The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of
Bitcoin has struggled to break out in recent months despite hitting a fresh all-time high in May and fears building over a $37 trillion “ticking time bomb.” Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus
The 30-year conforming rate has been relatively volatile since the start of the year, but its low point for 2025 came on April 11 when it reached 6.69%. That’s a higher number than many consumers and mortgage professionals would like, although home sales and mortgage demand are up from one year ago. Fed’s Waller on
Piggybacking on previous comments from President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media that “Jay Powell needs to lower interest rates — enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better
Markets hate volatility. Since President Donald Trump regained power, the country has seen a ton of it. Commercial real estate finance professionals holding out hope for a semblance of stability to push the Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, CRE Finance Council President and CEO Lisa Pendergast said. What’s