Borrowers are moving faster to secure lower rates, but there are consequences for the mortgage market.https://www.wsj.com/finance/investing/the-race-to-refinance-makes-mortgages-more-expensive-for-everyone-else-43f48ff5?mod=rss_markets_main
Find insight on rent affordability, Westpac, the U.S. housing market, Nexi and more in the latest Market Talks covering Financial Services.https://www.wsj.com/finance/banking/financial-services-roundup-market-talk-73ee0593?mod=rss_markets_main
Find insight on Nexi, EFG International, and more in the latest Market Talks covering Financial Services.https://www.wsj.com/finance/banking/financial-services-roundup-market-talk-077b4f0d?mod=rss_markets_main
The bank aims to shrink its workforce by 5,200 employees as part of plans to simplify its operations, consolidate its legal entities and phase out legacy technology systems.https://www.wsj.com/finance/banking/abn-amro-to-shrink-workforce-dispose-of-unit-as-part-of-2028-growth-plan-55aadc2f?mod=rss_markets_main
The bank is turning the page on a set of legacy issues with the conclusion of a credit review under which it is taking another large provision for bad property loans.https://www.wsj.com/finance/banking/julius-baer-draws-line-under-credit-review-as-bank-posts-record-client-assets-a89a1536?mod=rss_markets_main
The current finance chief, Mark Mason, is expected to look for a CEO role elsewhere.https://www.wsj.com/finance/banking/citigroup-plans-to-reorganize-u-s-personal-banking-business-names-next-cfo-95d175b9?mod=rss_markets_main
Global markets rose on hopes of a Federal Reserve rate cut and as investor optimism over artificial intelligence returns. U.S. markets are closed Thursday for the Thanksgiving holidayhttps://www.wsj.com/finance/stocks/global-markets-boosted-by-fed-rate-cut-hopes-u-s-markets-closed-for-thanksgiving-92086600?mod=rss_markets_main
Yields on U.K. government bonds were little changed as investors digested the measures announced during Wednesday’s budget.https://www.wsj.com/finance/investing/japanese-govt-bonds-seen-as-responsive-to-likely-worsening-of-budget-de6191e6?mod=rss_markets_main
The dollar weakened for its second straight loss.https://www.wsj.com/finance/currencies/effect-may-weigh-on-u-s-dollar-c6cf790d?mod=rss_markets_main
The billionaire investor has formed a consortium with a United Arab Emirates-based investor group.https://www.wsj.com/business/deals/todd-boehly-makes-a-play-for-international-assets-of-russias-lukoil-1baa02c6?mod=rss_markets_main
Treasurys traded sideways as U.S. markets enter the holiday season placing high odds that the Fed will cut interest rates in December.https://www.wsj.com/finance/investing/jgb-yields-higher-on-hopes-for-boj-rate-increase-ca194204?mod=rss_markets_main
Gold settled 0.6% higher, up for a fourth-consecutive session, and silver rose 3.8%, up for a third-consecutive session.https://www.wsj.com/finance/commodities-futures/gold-edges-higher-amid-hopes-for-lower-rates-9bc999b6?mod=rss_markets_main
Find insight on Telus, Alibaba, Nvidia, Oracle and more in the latest Market Talks covering Technology, Media and Telecom.https://www.wsj.com/business/tech-media-telecom-roundup-market-talk-837129ca?mod=rss_markets_main
https://www.wsj.com/finance/stocks/softbank-shares-rebound-as-volatile-ride-continues-04e93505?mod=rss_markets_main
U.S. stock futures pointed to a higher open following the prior session’s broad-based gains, as delayed data boosts expectations for a Fed rate cut next month.https://www.wsj.com/finance/global-markets-rise-tracking-wall-street-gains-ahead-of-thanksgiving-9ba872bc?mod=rss_markets_main
The new exchange will help Robinhood offer additional prediction contracts tied to sports, elections and other future events.https://www.wsj.com/finance/robinhood-susquehanna-to-launch-exchange-to-expand-prediction-markets-offerings-38a4bcc1?mod=rss_markets_main
The firm is updating its house-recommendation approach and pursuing additional initiatives to build trust in the market, writes CEO Bob Mann.https://www.wsj.com/opinion/glass-lewis-is-poised-to-change-its-old-ways-proxy-voting-7f6b6d0c?mod=rss_markets_main
Empowering shareholders and not advisory firms will strengthen public markets and support the U.S. economy.https://www.wsj.com/opinion/the-proxy-process-needs-an-overhaul-00052637?mod=rss_markets_main
Nvidia’s earnings lifted U.S. stock futures and international equities, while the U.S. dollar rose as investors dialed back expectations of another Fed rate cut next month.https://www.wsj.com/opinion/global-markets-lifted-by-nvidias-record-earnings-21ae486a?mod=rss_markets_main
Switching from a 30- to 50-year 6% fixed-rate mortgage would increase the term by 67% but reduce monthly payments by only 12%.https://www.wsj.com/opinion/a-50-year-mortgage-makes-no-economic-sense-interest-rate-risk-equity-c4658f5d?mod=rss_markets_main