Despite competition cooling in the housing market, homebuyers continue to face challenges as mortgage rates remain high. The average 30-year fixed mortgage sits at 7.31 percent as of September 28, according to Freddie Mac. Monthly principal and interest for a home has increased 122 percent in the past three years, according to
Bears like JPMorgan and bulls like Fundstrat remain split on what looms for markets in October, with some strategists eyeing a rebound in earnings.Retirees: Do NOT Make This Critical CPP Pension Mistake That Can Cost You Thousands I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.Despite fanfare, federal funding and even a visit from the prime minister, the owner of an N.W.T. mine project is closing down its processing plant in Saskatoon. Vital Metals owns Cheetah Resources, which is the owner of the Nechalacho mine project, about 100 kilometres south-east of Yellowknife.
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Oil demand: We are still in an oil bull market, analyst explainsOil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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TikTok parent company sees significant valuation decline from 2022ByteDance's — the parent company of the social media app TikTok —valuation has reportedly dropped over 25% year-over-year. After seeing exponential growth over the past three years, ByteDance's revenue has slowed, due in part to increased competition from Meta’s (META) Instagram Reels and YouTube Shorts (GOOG, GOOGL). Yahoo Finance Tech Editor Dan Howley reports on ByteDance's valuation slump and ongoing discussions surrounding TikTok's regulation in the U.S. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Bond market 'fear gauge' hits highest level since MayThe ICE BofA MOVE Index (^MOVE), also known as the bond market 'fear gauge,' has hit its highest level since May. Yahoo Finance's Jared Blikre breaks down the details of the the multi-decade highs seen in U.S. Treasury bond yields and what it means for market volatility. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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