Author: Money Mechanics

The Fed’s December interest-rate cut won’t move mortgage rates because markets have already priced it in.  The Fed cut interest rates in its latest meeting, as expected. The Fed committee was divided on how to proceed. Takeaway: Mortgage rates will remain largely unchanged in the near term with today’s Fed meeting proceeding as forecasted. They cut their policy rate by 25 bps, which was priced in beforehand. The committee was sharply divided, as expected. The committee’s projections and Chair Jerome Powell’s remarks indicate that this will be the last interest-cut for a while. As expected, a sharply divided Fed voted…

Spinny, an Indian online marketplace for used cars, is raising around $160 million as it moves to acquire car services startup GoMechanic, TechCrunch has learned. The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation. Nearly $90 million of the round is primary, people said; Existing investor Accel has already wired about $44 million of that amount, with some details of the investment appearing in regulatory filings in India this week, which Indian…

(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was at $58.03 a barrel, up 43 cents, or 0.75%. Both benchmarks fell about 1.5% on Thursday. The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on…

remains firmly in bullish territory. Momentum is strong, structure is intact, and the price continues to respect higher levels despite short-term overbought readings. This is a market that’s not asking if – it’s asking from where.  H4 Update – Scenario Delivered  In our Lab Note #34, we wrote:  “The first thing that catches the eye on the above chart is a breakout above the pink rising channel, which confirms bullish continuation. Therefore, if the move continues, the next stop could be around 6338-6340.”  Yesterday, bulls didn’t just reach that zone – they pushed straight through it, opening the door to higher…

A home is shown for sale in The Heights in Houston, Monday, Oct. 27, 2025.Kirk Sides | Houston Chronicle | Getty ImagesHome prices have finally come down compared with last year, though just fractionally, according to daily reads from Parcl Labs, which looks at high-frequency listing data on single-family homes, condos and townhomes, both new and existing. They may stay softer, though, as home prices are down 1.4% in just the last three months.On a national level, home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates…

Dividend stocks can be an excellent way for investors to earn income from their investment portfolios. Companies that consistently pay tend to have sound business models and strong fundamentals. Those that consistently raise dividends outperform those that don’t, with less volatility. 10 stocks we like better than Realty Income › Investing in the stock market is a great way to build lasting wealth. It can also be an excellent way to let your money work for you by investing in dividend stocks. These are stocks in companies that pay shareholders, usually on a quarterly basis, a share of their profits.…

After the proposal was published, Nikitra Bailey, executive vice president at the National Fair Housing Alliance (NFHA) testified before Congress about her reasons for opposing the change and has now released a video on YouTube that outlines her concerns. “ECOA became the law in 1974 and it stops banks from denying you a loan or a credit card because of who you are and things that you cannot control, like your race, your gender, your skin color, your religion, your age and whether or not you’re married,” Bailey says in the video. “This is a law that gave us women…

Iana Kunitsa/Moment via Getty ImagesFollow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways Claude Code installation is straightforward as long as you follow a few simple steps.Projects are scoped by directory, so setup location matters.Proper setup unlocks fast, stable, agentic development workflows.Claude Code has been making waves in the development world. I recently used Anthropic’s coding assistant to build a complex and fairly sophisticated iPhone app from start to finish. I started by using Claude Code inside Apple’s Code Intelligence feature of Xcode, but found Code Intelligence to be buggy. It crashed or hung fairly consistently.…

(Oil Price) – India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks to boost its nuclear power capacity tenfold within two decades. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) bill passed the federal government approval on Friday. Later this month, the bill is expected to be submitted to Parliament for discussion and vote in the winter session. The landmark legislation, if adopted by Parliament, could drive huge investments from private companies in India’s nuclear energy sector.…

This WeekOnce again, markets were focused on the Federal Reserve and artificial intelligence (AI) investment this week.For the Fed, they remain more concerned about the weak labor market than above-target inflation. Given this, they cut 25 basis points for the third straight meeting, bringing the fed funds rate down to a 3-year low of 3.75%. From here, though, they signaled a pause is likely since they expect the economy to improve in 2026. Specifically, they forecast faster real GDP growth (2.3% vs. 1.7% in 2025), slowing core inflation (2.5% vs. 3.0%), and slightly lower unemployment (4.4% vs. 4.5%), and just one…