The average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
The average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman at 3:35 p.m. ET. Meanwhile, Rivian shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola , BlackBerry , and Lucid Group .3:05 p.m.
Despite fanfare, federal funding and even a visit from the prime minister, the owner of an N.W.T. mine project is closing down its processing plant in Saskatoon. Vital Metals owns Cheetah Resources, which is the owner of the Nechalacho mine project, about 100 kilometres south-east of Yellowknife. The project is one of the first rare earth metal mines in Canada.
'We had to put our life and goals on hold': This YouTuber blasted parents who don't have a secure retirement as 'irresponsible' — saying the kids will feel obligated to help. Is he right?Income stocks can make you rich slowly. Now is an opportunity to lock in an 8% dividend yield and enjoy higher passive income for decades. The post Income Stocks: A Once-in-a-Decade Chance to Get Rich appeared first on The Motley Fool Canada.
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Rivian stock tumbles on convertible note offering, sales guidanceRivian (RIVN) shares fell in early trading after announcing its plans to issue $1.5 billion in convertible debt. The EV truck maker also issued third quarter revenue guidance of $1.29 billion to $1.33 billion. Yahoo Finance Live explains the company's announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Higher interest rates are here for the 'foreseeable future': EconomistInvestors are finally adjusting to the idea that interest rates are going to be higher for the 'foreseeable future,' EY Chief Economist Greg Daco tells Yahoo Finance Live. Daco thinks the Federal Reserve is done raising rates, adding that 'we're not going to see the type of rapid rate cuts that the Fed has proceeded with in times of economic slowdowns,' in the past. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Intel plans to spinoff programmable chip unit in next 2-3 yearsIntel (INTC) announces its plans to spin off its Programmable Solutions Group segment, eyeing an IPO in two to three years. Yahoo Finance Live monitors Intel's stock action in early market trading. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Oil demand: We are still in an oil bull market, analyst explainsOil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Treasury yields rise to 16-year highThe 10-year and 30-year Treasury yields have risen to their highest levels since 2007. Yahoo Finance Live's Julie Hyman and Josh Lipton take a deep dive into what these bond market moves could mean amid the Fed's 'higher for longer' interest rate outlook and this morning's JOLTs report data. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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FDA approves Novavax's updated COVID-19 vaccineFDA officials have approved Novavax's (NVAX) updated COVID-19 vaccine while the biotech company awaits a renewed recommendation by the CDC. Yahoo Finance Live analyzes the upward stock action surrounding Novavax shares ahead of Tuesday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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