Mortgage and refinance rates today, February 13, 2025: Rates inch up after inflation report
These are today's mortgage and refinance rates. Rates are up in response to high inflation, and they probably won't fall soon. Lock in your rate today.
Here's Why Bitcoin Could Soon Get a Big Boost
This could be a sign of some apprehension in the markets about Trump's prposed tariffs and their effect on the economy. According to a report from Bloomberg, top asset management firm BlackRock is looking at launching a Bitcoin ETP in Europe soon. It would be the first European crypto ETP, and it could lead to many more such ETPs.
Himax (NASDAQ:HIMX) Delivers Strong Q4 Numbers, Stock Jumps 10.5%
Semiconductor maker Himax Technologies (NASDAQ:HIMX) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 4.2% year on year to $237.2 million. On top of that, next quarter’s revenue guidance ($212.3 million at the midpoint) was surprisingly good and 5.8% above what analysts were expecting. Its GAAP profit of $0.14 per share was 40% above analysts’ consensus estimates.
Wall Street ends higher after Trump unveils tariff plan
(Reuters) -The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners. A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%.
Singapore Weighs Tax Incentives to Help Revive Stock Market
(Bloomberg) -- A Singapore government-led review group proposed tax incentives to revitalize the stock market, the first steps taken in a market plagued by low liquidity and a dearth of new listings.The proposals include tax measures to attract enterprises to list in Singapore, as well as encourage fund managers to boost the launch and growth of funds with substantial investment in domestic equities, according to a statement from the Monetary Authority of Singapore on Thursday. The review group
Record Stock ‘Fragility’ Sends Warning to Broader Market
(Bloomberg) -- Rising instability among some of the biggest US stocks is driving a measure of single-stock “fragility” to record levels, with the market increasingly vulnerable to whipsaw patterns among clusters of shares such as occurred in the dot-com bubble of the late 1990s.Stock fragility, a measure of a company’s daily share-price move relative to its recent volatility, is on track to reach its highest in more than 30 years among the largest 50 stocks in the S&P 500 Index, based on the ave
Inflation Helped Trump Get Elected. Now It’s His Problem.
The president’s team blames his predecessor for stubborn inflation, but Trump’s own agenda could make it harder to defeat.
Goldman’s Rubner Sees US Stock Risk as Everybody ‘in the Pool’
(Bloomberg) -- A bearish trade is looming for US equities, according to Goldman Sachs Group Inc.’s Scott Rubner.The market is increasingly crowded and dip-buying is running out of steam, Rubner said. The managing director for global markets and tactical specialist was rightfully bullish heading into 2025, while touting an upcoming negative turn. In a note on Wednesday, he said this was his “last bullish email” for the first quarter.“Everyone is in the pool, including retail traders, 401k inflows
Could Bitcoin Reach $200,000 in 2025?
It seems like any time the doubters claim that Bitcoin (CRYPTO: BTC) is dead, it simply bounces back to reach fresh all-time highs. This leading digital asset has soared in the past few years, but in the past seven weeks, it's been trading around the $100,000 level. Bitcoin bulls are hoping for the next breakout to happen.
Some federal workers are ‘getting wealthy at taxpayer expense,’ says Elon Musk, whose companies have received at least $20 billion from the government
Musk’s task force wants to cut tens of thousands of federal workers, and now it’s aiming at people he thinks are too rich.