Author: super@dmin

Last month was a bloodbath for stocks. The S&P 500 sat on a 9.4% gain for the year on Oct. 1. By the 29th, the benchmark index SPX, +0.08%  was down 1.1%, its worst month in seven years. But I found one group of stocks that bucked the trend. While other stocks fell in tandem,…

Saudi Arabia’s public prosecutor is seeking the death penalty for five of the 11 people it has charged over the murder of Jamal Khashoggi, in a case that has drawn a barrage of criticism of the kingdom and strained ties with the U.S. Riyadh released more detail Thursday about how Khashoggi, a government critic, was…

Getty Images Federal Reserve Board Chairman Jerome Powell For someone who prides himself on transparency, Federal Reserve Chairman Jerome Powell sure left people confused as to his intentions during a discussion in Dallas on Wednesday night. Powell alongside Dallas Fed President Robert Kaplan discussed everything from the global economy to details about his previous job…

The British pound tanked against its main rivals on Thursday as senior members of U.K. Prime Minister Theresa May’s cabinet resigned, signaling more turmoil and ahead for her leadership and casting fresh doubts on an orderly exit from the European Union. The pound GBPUSD, -1.7397%  dropped to a session low of $1.2751 versus the U.S.…

Getty Images A home with American flag in Frankenmuth, Michigan. Rates for home loans took a breather after churning to the highest in nearly eight years, mortgage liquidity provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 4.94% in the Nov.15 week, unchanged during the week. The 15-year fixed-rate mortgage averaged 4.36%, up three…

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms. The most high-level resignation came from chief Brexit negotiator Dominic Raab, making it the second in that office after David Davis stepped down in July. Calls…

The stock market lost its mojo in September, and price action since has been pretty ugly. The S&P 500 Index SPX, -0.58%  slumped as much as 10.6% from the September high to the October low, the Nasdaq COMP, -0.23%  as much as much as 14.9%, the Dow Jones Industrial Average DJIA, -0.69%  as much as…

Student-loan debts are crippling the finances of Americans and seriously stressing them out, according to a new survey. It’s no secret there are widespread hazards with hefty student loans, but a new report from Student Debt Crisis, a nonprofit organization, and Summer, a start-up geared at helping student-loan borrowers figure out repayment, paints a stark…

The selloff in the virtual-asset market extended into Thursday, with the No.1 digital currency on track for its fourth consecutive loss and a fresh yearly low. A single bitcoin BTCUSD, -3.56%  was last changing hands at $5,482.69, down 2.6% since Wednesday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange. Earlier in the session,…

London’s big banks were under pressure Thursday, but the FTSE 100 managed to stay in the black as the pound plunged after resignations in the U.K. government over Prime Minister Theresa May’s Brexit proposal. However, smaller-companies, more vulnerable to a weakening currency, were seeing their shares decline with the falling sterling. How are markets performing?…