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Finance
Stories and analysis from The Business Now newsroom.
Economy
Buying a Home Just Got Harder: Mortgage Rates Hit Their Highest Level in Nearly a Year
Buying a Home Just Got Harder: Mortgage Rates Hit Their Highest Level in Nearly a Year For millions of Americans hoping to buy a home, financing just became more expensive. The average 30-year fixed mortgage rate has climbed to 6.58%, its highest level since August of last year, according to the latest market data. The...
Dow Jones
Think $10,000 Can’t Change Your Life? Here’s What It Became in QQQ Over 10 Years
Think $10,000 Can’t Change Your Life? Here’s What It Became in QQQ Over 10 Years Imagine making a single $10,000 investment and then doing absolutely nothing for the next decade. No day trading. No market timing. No chasing the latest meme stocks. Just patience. For investors who placed that bet on the Invesco QQQ Trust...
Business
Beyond Washington and Tel Aviv: How India’s Defense Future Could Be Affected by America’s New Bill
Beyond Washington and Tel Aviv: How India’s Defense Future Could Be Affected by America’s New Bill A new provision in the United States’ annual defense legislation has triggered an intense political debate in Washington. Critics argue it could deepen military integration between the United States and Israel, while supporters describe it as a way to...
Business
Trump Warns Iran After Red Sea Tanker Attacks: Could the World’s Most Critical Shipping Route Be at Risk?
Trump Warns Iran After Red Sea Tanker Attacks: Could the World’s Most Critical Shipping Route Be at Risk? A fresh escalation in the Middle East has once again placed one of the world’s most important maritime trade routes under intense global scrutiny. After two Saudi oil tankers were attacked in the Red Sea, U.S. President...
Commodities
Oil Hits $100: The Global Energy Shock That Could Make Everything More Expensive
Oil Hits $100: The Global Energy Shock That Could Make Everything More Expensive A price level that global markets have been fearing has returned. Brent crude oil has climbed to $100 per barrel, a psychological and economic milestone that could have far-reaching consequences for households, businesses, governments, and financial markets worldwide. The rally has been...
Business
Europe Hits Pause: Why the ECB’s Interest Rate Decision Could Be a Warning for the Global Economy
Europe Hits Pause: Why the ECB’s Interest Rate Decision Could Be a Warning for the Global Economy The European Central Bank (ECB) has chosen caution over action. In its latest monetary policy announcement, the ECB left its key interest rate unchanged at 2.40%, while the Deposit Facility Rate remained at 2.25%, matching economists’ expectations. At...
Business
US Jobless Claims Shock Economists: What the Lowest Reading in Months Means for the Fed, Stocks, and Interest Rates
US Jobless Claims Shock Economists: What the Lowest Reading in Months Means for the Fed, Stocks, and Interest Rates The U.S. labor market has delivered another surprise—and it’s one that could reshape expectations for interest rates, stock markets, and the broader economy. The latest Initial Jobless Claims report showed that 187,000 Americans filed for unemployment...
Business
He Didn’t Build Rockets for Elon Musk—He Built Them for India’s Space Future
He Didn’t Build Rockets for Elon Musk—He Built Them for India’s Space Future Success stories often begin with a bold vision. But sometimes, they begin with a surprisingly modest paycheck. When Pawan Kumar Chandana graduated from IIT Kharagpur, he had the credentials to pursue high-paying opportunities in the private sector. Instead, he chose a different...
Business
Google’s Biggest AI Test Has Arrived: Will Alphabet’s Multi-Billion Dollar Bet Finally Pay Off?
Google’s Biggest AI Test Has Arrived: Will Alphabet’s Multi-Billion Dollar Bet Finally Pay Off? For nearly two years, one question has dominated Wall Street: Can Google turn its massive AI investments into lasting profits? That question is now at the center of Alphabet’s latest earnings report. While Microsoft, Amazon, Meta, and OpenAI continue to accelerate...