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Mortgage rates poised to rise as U.S. Treasury yields surge

LOS ANGELES (AP) — The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages and other consumer loa...

Wall Street braces for trading surge as Tesla enters S&P 500

LOS ANGELES (AP) — Adding a company to the benchmark S&P 500 stock index is typically a mundane exercise — except when it comes to a company like Tesla. The market value of the ...

Blockbuster IPO market still calls for cautious approach

LOS ANGELES (AP) — Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. ...

Blockbuster IPO market still calls for cautious approach

LOS ANGELES (AP) — Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. ...

Tesla to be added to benchmark S&P 500 index in one stage

Tesla will be added to the benchmark S&P 500 index on a single day next month, rather than over two days as previously contemplated. S&P Dow Jones Indices sa...

Cannabis stocks surge as US election opens new markets

LOS ANGELES (AP) — Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana. Shares in some ...

Homebuyers’ down payments rise as US home prices climb

LOS ANGELES (AP) — Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment. In the April-J...

Rising vacancies, declining rents squeezing apartment REITs

LOS ANGELES (AP) — The pandemic is squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacanc...

Cresco Labs CEO talks legal marijuana industry challenges

LOS ANGELES (AP) — Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic. In California and other states t...

US housing roars back despite recession, high unemployment

LOS ANGELES (AP) — The U.S. housing market has staged a furious comeback this summer, even as the economy struggles to regain its footing after being knocked into a recession due to the coronavirus. ...

Surge in options trading helps drive gains on Wall Street

LOS ANGELES (AP) — Stock options trading is up sharply this year, fueled by investor optimism for more gains on Wall Street. Options are contracts that give investors the right, tho...

Wall Street’s 3-day skid a reality check for runaway market

Wall Street’s summer-long party fueled by investors’ appetite for some of the world’s best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sh...

Betting on European stocks as the global economy reopens

LOS ANGELES (AP) — Much of Europe remains off limits to American tourists because of the pandemic, but the region is looking like an attractive destination for stock investors. While...

US WeChat users sue Trump over order banning messaging app

LOS ANGELES (AP) — Some U.S.-based users of WeChat are suing President Donald Trump in a bid to block an executive order that they say would effectively bar access in the U.S. to the hugely popular Ch...

Cratering economy offsets Wall St. gains in 2020 campaign

LOS ANGELES (AP) — President Donald Trump has often cited the stock market's gains as a barometer for his administration's success. And if history is a guide, Wall Street's fortunes in the next few mo...