As Netanyahu vows Iran payback, markets watch for dangers of further escalation
Economy

As Netanyahu vows Iran payback, markets watch for dangers of further escalation

Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024 Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday […]

Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
Economy

Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year

Bitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world’s biggest cryptocurrency could reach new heights.Bitcoin previously hit its all-time high of $68,990.90 in November 2021. Since then it has fallen about 60%.related investing newsMarshall Beard, chief strategy officer at U.S.-headquartered… […]

Red hot refinance demand retreats after tiny bump higher in mortgage rates
Economy

Red hot refinance demand retreats after tiny bump higher in mortgage rates

Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. […]

Hong Kong stocks rally over 6% in sixth straight day of gains
Economy

Hong Kong stocks rally over 6% in sixth straight day of gains

View of Victoria Harbour in Hong Kong SAR of China Jackyenjoyphotography | Moment | Getty Images SINGAPORE — Hong Kong’s Hang Seng index was up over 6% on Wednesday, hitting a 22-month high for a sixth day of gains amid further optimism about Beijing’s latest stimulus policies. The index closed up 6.2%, ending at 21,133.68 […]

As Ford loses billions on EVs, the company embraces hybrids
Economy

As Ford loses billions on EVs, the company embraces hybrids

Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020.Rebecca Cook | ReutersHeads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models.”You’re going to see a lot more hybrid systems from us,” CEO Jim Farley said Thursday after… […]