Inflation And Banks Drag Stocks Lower Despite Earnings

By Stocks and bonds slumped due to the combination of rising inflation and subdued bank earnings … [+] guidance.gettyThe earnings season began slowly last week, with only 10 S&P 500 companies reporting. Banks were a large contingent of the reporters, which boosted the sector’s earnings expectations for the quarter as all the banks reported better-than-expected…

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Elevated Inflation Data Expected To Delay Interest Rate Cuts

By More From ForbesApr 13, 2024,12:59pm EDTLet’s Play This ‘Weird’ Pattern For Cheap 8%+ Dividends”,”scope”:{“topStory”:{“index”:2,”title”:”Let’s Play This ‘Weird’ Pattern For Cheap 8%+ Dividends”,”image”:”https://specials-images.forbesimg.com/imageserve/633ef719acf4acfe6b048d1d/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Apr 13, 2024″,”hourMinute”:”07:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1713008700000},”uri”:”https://www.forbes.com/sites/michaelfoster/2024/04/13/lets-play-this-weird-pattern-for-cheap-8-dividends/”}},”id”:”f6ogqhf64ka800″},{“textContent”:”Apr 12, 2024,03:47pm EDTInflation Accelerates In March As Prices Rise Faster Than Expected”,”scope”:{“topStory”:{“index”:4,”title”:”Inflation Accelerates In March As Prices Rise Faster Than Expected”,”image”:”https://specials-images.forbesimg.com/imageserve/66198c310712f2b579f3fa1a/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Apr 12, 2024″,”hourMinute”:”03:39″,”amPm”:”pm”,”isEDT”:true,”unformattedDate”:1712950776257},”uri”:”https://www.forbes.com/sites/mikepatton/2024/04/12/inflation-accelerates-in-march-as-prices-rise-faster-than-expected/”}},”id”:”1mq6pk9crdkc00″},{“textContent”:”Apr 12, 2024,03:13pm EDTChina Market Update: Risk Off…

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Unemployment figures show slight rise

The number of people in Jersey registered as unemployed or wanting to work more hours has risen by 100 in the past year. Statistics Jersey, which reports how many people are actively seeking work every three months, says 700 people were looking for work on 31 March. Of the 700 registered, 370 are women and…

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Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac

By: The 30-year fixed-rate mortgage averaged 6.88% this past week, according to Freddie Mac.  (iStock ) Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year ago, the 30-year fixed-rate mortgage averaged 6.27%. “Mortgage rates have been drifting higher…

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