Americans in disaster-prone areas are paying 82% more for home insurance than those in low-risk zip codes
Home insurance has become increasingly unaffordable for those living in areas most impacted by climate disasters, the Treasury Department said.
Kelly Cloonan
Markets Fellow
Capital One is having a tough week
The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.
Stock market today: Indexes close lower as tech stocks tumble
Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.
Why a downward spiral for emerging markets may only just be getting started
Emerging market stocks have fallen 10% since October amid fears of a new trade war, but markets are still not fully pricing in the risks, UBS said.
These 3 stocks would be the big winners if TikTok is banned in the US
With a possible ban looming for the popular short-form video app, these stocks are set to gain as companies look to capture TikTok users' screen time.
Stock market today: Indexes slip after the best day for stocks since November
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
Why BofA says it's the software sector's 'time to shine'
Software stocks are about to have a breakout moment amid converging tailwinds like agentic AI and continued cloud migration, Bank of America says.
Energy stocks are off to a blockbuster start in 2025 after back-to-back years of underperformance
Energy stocks have surged 5% so far this year, outpacing the S&P 500 index's 1% loss after lagging the market for the last two years.
The surging dollar will separate the winners and losers this earnings season
A stronger dollar is typically associated with higher dispersion during earnings season, Morgan Stanley's Mike Wilson says.
Here's how single women are successfully navigating an otherwise brutal market for first-time homebuyers
Despite a gender wage gap and high home prices, single women are outperforming in the housing market.
What BofA says it would take for the Fed's next rate move to be a hike
The Fed is likely done cutting rates amid robust economic activity and can now eye a hike if core PCE or long-term inflation expectations rise, BofA says.
Insurance stocks tumble as LA fires threaten record losses
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Global insured losses climbed to $140 billion last year, led by damages from Hurricanes Milton and Helene, a report from Munich Re found.
China's bond market is signaling worry over a possible decades-long economic downturn
China's bond yields have plunged to all-time lows in recent weeks, drawing parallels to Japan's "lost decades," a long period of economic stagnation.
Quantum computing stocks tumble after Nvidia boss Jensen Huang says the tech is still 20 years away
Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.
Why 2025 is set to be the year of the altcoin
While bitcoin already enjoys fairly robust regulatory support, more favorable crypto policy is likely to boost altcoins this year, source say.
Stock market today: Indexes close lower as new data clouds rate cut views
The Nasdaq dropped almost 2% and the S&P 500 lost 1%. Traders see potential for fewer rate cuts this year after the latest data.
Moderna and other vaccine maker shares jump after first US bird flu death
Moderna surged as investors turned eyed potential demand for a vaccine to protect against bird flu after the US reported its first death from the virus.
Goldman dials back its bullish gold forecast amid a dimmer outlook for rate cuts in 2025
Goldman Sachs pushed its $3,000 per ounce gold target from the end of the year to mid-2026, citing a slower pace of rate cuts than previously expected.