Tesla shares are falling after HSBC gave the stock a “Reduce” rating, citing concerns about its timeline for future initiatives. Meanwhile, the average 30-year mortgage rate has fallen to 7.5%, down from 7.76% last week, according to Freddie Mac. Trending tickers on Yahoo Finance include Walt Disney , Eli Lilly , and Coinbase Global .3:15 p.m. ET - Jason Child, Arm Holdings CFO4:05 p.m.
ExxonMobil passed Tesla as the most shorted stock last month. Here are the 10 names investors are betting against the most. After four straight months as the most-shorted stock, Elon Musk's EV maker moved into second place behind oil giant Exxon, while Apple came in third.The Canadian dollar is set to strengthen less than previously expected over the coming year once a slowdown in the domestic economy opens the door to Bank of Canada interest rate cuts, a Reuters poll found. "They will probably cut pretty meaningfully next year," said Erik Nelson, a macro strategist at Wells Fargo Securities in London.
Posthaste: Baby boomers expect to leave $1 million or more to their kids — much to millennials' surpriseThe Bank of Canada on Thursday said the era of super-low interest rates was likely over and warned businesses and households to plan for higher borrowing costs than they have been used to in recent years.
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