for the potential market impact here at home. Let's bring in market forecaster Jim Biano Bianca Research. Jim, great to have you with us.There's a lot to discuss, but in terms of the CPI print, this has not in your mind put to bed the concerns about inflation going higher. >> Yeah, this number was a statistical mess. They assumed that rents in the United States were effectively zero for the month of October.They surveyed the second half of the month because the government was shut down. So when you see thin ...

An uncertain outlook for inflation and interest rates could drive yields higher next year, weighing on bond prices. ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Nasdaq crashes today: U.S. stocks traded lower on Wednesday as investors pulled back from heavyweight technology names, pushing the Nasdaq into a sharp decline. The As of 11:06 a.m. ET, the Nasdaq was hovering near 22,896, down over 215 points, while the S&P 500 slipped to 6,761. The Dow held near 48,079, down just 0.07%. The divergence reflects investor caution toward tech after fresh economic data raised concerns about slowing U.S. growth and the timing of future Federal Reserve rate cuts. Selling pressu ...

[The stream is slated to start at 8:15 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]Federal Reserve Governor Christopher Waller is slated to speak at at the Yale CEO Summit on Wednesday.Waller is one of the five finalists considered for to replace Fed Chairman Jerome Powell when his term expires in May. He's set to be interviewed by President Donald Trump this week, CNBC's Steve Liesman reported. Trump has signaled that Kevin ...

The U.S. stock market is drifting lower on Tuesday following mixed data on the economy's strength, which did little to clear uncertainty about where interest rates may be heading. "Higher prices are again being widely blamed on tariffs, with an initial impact on manufacturing now increasingly spilling over to services to broaden the affordability problem,†according to Chris Williamson, chief business economist at S&P Global Market Intelligence. The S&P 500 fell 0.4% in afternoon trading and remains a bit be ...

The dollar recovered after hitting a 10-week low in the previous session after the delayed U.S. nonfarm payrolls report for November showed the unemployment rate rose by more than expected to 4.6%.While the dollar initially dropped on the data, the market "isn't really jumping on the bandwagon that the Federal Reserve could cut interest rates again as early as January," Commerzbank's Antje Praefcke said in a note.The hurdle for another rate cut seemed to become somewhat higher at last week's Fed meeting and ...

Investors liked what the CFO had to share.Buy-now/pay-later (BNPL) leader Affirm (AFRM +11.73%) is on the move again, jumping 10.2% on Tuesday as the company benefited from a broad upswing in BNPL and fintech stocks, in part on a weaker-than-expected jobs report, which could persuade the Federal Reserve to continue to lower interest rates.However, Affirm also provided some details on its business, including its five-year partnership extension with Amazon in a fireside chat with CFO Rob O'Hare that seemed to ...

Key Takeaways High mortgage rates have been overwhelming homebuyers for the past three years, and some are turning to a mortgage option that helped fuel the 2008 housing crisis. Adjustable-rate mortgages (ARMs) offer fixed introductory rates that later adjust—typically to a higher rate—to reflect current market conditions. These loans are becoming more popular with homebuyers as mortgage rates remain persistently above 6%. While those homeowners risk having a bigger monthly mortgage payment in a few years, ...

By STAN CHOE, AP Business WriterNEW YORK (AP) — The U.S. stock market is slipping on Tuesday following mixed data on the economy’s strength, which did little to clear uncertainty about where interest rates may be heading. The S&P 500 fell 0.6% in afternoon trading and remains a bit below its all-time high set last week. The Dow Jones Industrial Average was down 342 points, or 0.7%, as of 12:45 p.m. Eastern time, and the Nasdaq composite was 0.3% lower.Treasury yields eased a bit, following a larger initial ...