“We have long been of the belief that it is the economy that is most important, and not lower interest rates for the sake of propping up stock prices,” Zaccarelli says. He anticipates the FOMC ...
Mr. Cooper stock rises after mortgage giant Rocket announces a $9.4 billion deal to buy the company Mortgage giant Rocket Companies (RKT) announced Monday that it is acquiring its top competitor ...
It took the US stock market 18 months to recover from its most recent bear market—the downturn of December 2021, which was spurred by the Russia-Ukraine war, intense inflation, and supply shortages.
He covers business, economics, money and workplace issues for CBS MoneyWatch. Stock markets in the U.S. opened sharply lower on Thursday amid mounting investor concerns about slowing economic ...