Mortgage rates dipped just under 7% this week after crossing above that threshold in the prior reading as rates remain stubbornly high, stifling the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.99% this…

As the equity market makes new all-time highs and the implied risk for equities is hovering near record-highs as well, it is prudent for investors to reduce risk. There are different ways to achieve that – from portfolio rebalancing and focusing on more defensive areas of the market to better…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Switzerland’s financial regulator has banned HSBC’s Swiss private bank from taking on prominent public figures as clients after finding the lender violated anti-money laundering regulations.Finma imposed a range of penalties on HSBC’s…

Medicare Advantage plans are popular. They’re estimated to have enrolled more than half of Medicare beneficiaries for the first time in 2024. But changes are underway. Those enrolled in Advantage plans or considering them need to pay careful attention when evaluating plans in this fall’s open enrollment season. There could…

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Nvidia’s blistering rally will force a major tech fund to acquire more than $10 billion worth of shares of the chip giant while dumping Apple.The index that the Technology Select Sector SPDR Fund (XLK) follows will soon rebalance, based on an adjusted market cap value from Friday’s close. The new…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The S & P 500 and Nasdaq Composite were flat Monday as both stock indexes hovered near all-time highs. After closing at a record Thursday,…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. Chinese state media…

A market hooked on a handful of mega-cap stocks is a precarious place to be. The Russell 2000, which tracks the smallest 2000 stocks in the Russel 3000, fell 1.6% on Friday, was in the red year-to-date, was back where it had first been in January 2021, and was down…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Reform UK has pledged to drastically cut taxes and boost health and defence spending in its election manifesto, despite concerns its plans do not add up. At a press conference on Monday…