February 6, 2025

 The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, providing a small relief for prospective home shoppers before the busy spring homebuying season. The average rate fell to 6.89% from 6.95% last week, according to Freddie […]

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OpenAI is considering 16 states for data center campuses as part of the Stargate project. The project, which has been in the news, is exploring potential sites in Wisconsin and other states. The data center buildout is a significant part of the $500 billion Stargate AI project. — news from Bloomberg

Honeywell International (HON) announced on Thursday that it will split into three independent companies, becoming the latest storied conglomerate to plan a breakup. Shares in Honeywell, which has been undergoing a strategic review of its operations, were volatile in premarket trading, reversing earlier gains to fall more than 2%. The conglomerate said it is planning […]

Philip Morris’s stock rises as outlook tops analyst estimates. MarketWatch reports that Philip Morris forecasts an upbeat 2025 profit as demand for ZYN nicotine pouches surges. Yahoo Finance also notes that Philip Morris rallies after operating income shines in Q4 amid the company’s smoke-free transformation. The company’s stock touches a record high as its outlook […]

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster, and producer for media, educational, and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based […]

Shares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations and boosted its full-year forecast. The fashion and accessories company said it now expects full-year revenue of over $6.85 billion, which would be about 3% higher than the prior year. It expects earnings per share of […]

The Bank of England cut interest rates on Thursday for the third time in about six months, amid signs of weak economic growth in Britain and an unexpected slowdown in inflation. Policymakers cut the key rate a quarter point to 4.5 percent as the bank lowered its forecasts for economic growth this year. Two members […]

SHANGHAI, Feb 6 (Reuters) – The Trump administration’s move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder than online dollar-store Temu, thanks to Temu’s wider product range and moves to change its shipping strategy. Both sites grew exponentially in the U.S. in recent years, helped by […]

A retail army is bullying bigger investors waiting to buy a stock-market dip, says Goldman strategist.— news from MarketWatch