After coming under pressure over the course of the previous session, stocks saw further downside during trading on Wednesday. The major averages showed a lack of direction early in the session but slid more firmly into negative territory as the day progressed.The major averages finished the day off their worst levels but still moderately lower. The Dow slid 171.50 points or 0.4 percent at 46,121.28, the Nasdaq fell 75.62 points or 0.3 percent to 22,497.86 and the S&P 500 dipped 18.95 points or 0.3 percent ...

Nigeria’s naira could come under modest pressure next year after stabilizing in 2025 as the nation’s central bank cuts rates gradually and crude prices fall, Citi https://t.co/R0jJ0toSEI ...

[Music] I'm Yahoo Finance executive editor Brian S and you're taking a look at a live shot of the opening bells on Wall Street on this uh somewhat rainy Wednesday morning here in New York City. That is at least the government of Switzerland ring the bell. The New York Stock Exchange Security National getting things underway at the NASDAQ. Of course, they're keeping things secure. All right, if the market is trying to show everyone that it knows what a meltup is, it's doing a pretty good job. Friends, stocks ...

BREAKING:🇺🇲 TREASURY SECRETARY BESSENT SAYS POWELL SHOULD HAVE CUT RATES BY 100–150 BPS. https://t.co/UQHoOVifzn ...

💥BREAKING:TREASURY SEC BESSENT SAYS POWELL SHOULD HAVE CUT RATES 100-150 BPS NOW. https://t.co/CvFSD0FjUP ...

Sales Strategy - Ford is aggressively pursuing increased F-150 pickup sales this quarter [1] - The company is offering very low interest rates to buyers with low credit scores [1]

All right, let's start off with your thesis here, Bill. You're saying that the weakness in the housing market, that's a sign that the Fed needs to cut rates even more than it has already. So, I don't want to put this in context, though.The Fed's cut rates by about 75 basis points over the last year and mortgage rates are up about 15 basis points. So, how is that going to help when the housing market seems to be really guided by some other factors. >> Well, the housing market is is one where it's very sensit ...

All right, the mortgage numbers just released after a volatile week for interest rates. Diana Olick is here. She's got more on that front.Diana, good morning. >> Good morning, Becky. Yeah, and you remember last week when we saw that massive 58% weekly surge in refinance demand.Mortgage demand stalled though last week, even though interest rates fell further. The average rate on the 30-year fix for conforming loans dropped to 6.34% from 6.39%. That's for loans with 20% down.But that's the lowest level since ...

Core Insights - The article discusses the current state of money market account (MMA) rates, highlighting the impact of recent Federal Reserve rate cuts on these rates and the importance of finding competitive rates for savings [1][3][4]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.59%, while top rates can exceed 4% APY, comparable to high-yield savings accounts [2]. - TotalBank currently offers the highest MMA rate at 4.4%, which is over seven times the national average [8]. Group 2: Federal Reserve Influence - Money market account rates are closely tied to the federal funds rate set by the Federal Reserve, which influences deposit account rates [3]. - Following a series of cuts in September and November 2024, the federal funds rate was reduced by a total of 100 basis points, leading to a decline in money market rates [4]. Group 3: Future Rate Expectations - Rates are expected to continue declining after the Fed's recent cuts, suggesting that savers may have limited time to benefit from higher rates [5]. Group 4: Considerations for Savers - Money market accounts are appealing for those seeking safety, liquidity, and better returns than traditional savings accounts, especially in the current elevated interest rate environment [6]. - Factors to consider when choosing a money market account include liquidity needs, savings goals, and risk tolerance [7].

Market Overview - Asian stock markets are mostly trading lower, influenced by negative cues from Wall Street and rising uncertainty regarding interest rates after comments from US Fed Chair Jerome Powell [1][15] - Renewed trade tensions with the US and escalating geopolitical tensions in Europe and the Middle East are negatively impacting market sentiment [1] US Federal Reserve Insights - Jerome Powell described equity prices as "fairly highly valued" and noted a "challenging situation" for the Fed, with inflation risks tilted to the upside and employment risks to the downside [2] - Fed Governor Stephen Miran called for substantially lower interest rates, advocating for a 50 basis point cut at the last Fed meeting [3] - The general market consensus anticipates two more interest rate cuts before the end of the year, with a 94.1% chance of a 25 basis point cut at the upcoming Fed meeting [4][3] Australian Market Performance - The S&P/ASX 200 Index fell by 83.90 points or 0.95% to 8,762.00, breaking a three-session winning streak [5] - Major miners like BHP Group and Fortescue saw slight declines, while Mineral Resources gained over 2% [5] - Oil stocks generally performed well, with Woodside Energy up 0.4% and Santos gaining more than 1% [6] Japanese Market Performance - The Nikkei 225 Index closed at 45,300.30, down from earlier highs, reflecting a mixed performance across sectors [9] - Market heavyweight SoftBank Group gained almost 2%, while Fast Retailing declined more than 2% [10] Economic Indicators - Japan's manufacturing activity contracted to 48.4 in September, marking the 14th contraction in 15 months and the steepest decline since March [13] - The services PMI edged down to 53.0, indicating the lowest figure since June despite ongoing growth in the services sector [14]