A hotter than expected inflation report sent the average 30 year fixed mortgage rate up 12 basis points to 7.30%, abruptly ending four weeks of declines after lower borrowing costs had helped revive mortgage applications.
Condo sellers outnumbered buyers by 123% in September, giving purchasers unprecedented leverage within Redfin’s 13 years of records, while higher ownership costs restrained demand and the nationwide median condo price slipped 0.8% to $339,000.
Democratic control of Congress could bring investigations into Trump’s expanding portfolio of corporate stakes, including Intel and U.S. Steel, while electoral losses may leave some Republicans more willing to support stricter oversight.
Quiet wealth often grows through ordinary decisions involving cars, insurance, investing, additional income, budgeting, taxes and privacy. A survey of U.S. millionaires suggests disciplined financial habits can matter more than status purchases or inherited money.
Torus raised $500 million to manufacture Foundry, a modular system combining battery storage and AI computing. The container sized units can use existing grid capacity at businesses and factories, with installations available within four months.
CoreWeave’s earnings beat and stronger 2026 guidance sent its shares sharply higher, helping Nasdaq 100 futures rise 1.9% and lifting chip stocks worldwide even as hotter U.S. inflation reinforced expectations for a December Federal Reserve rate increase.
China extended its gold buying streak to two years as purchases by Poland, Uzbekistan and the Czech Republic added to strong official demand following a third quarter that rose 42% from a year earlier.
Christopher Waller put a 50 basis point December increase on the table after inflation exceeded forecasts, while Lorie Logan called for at least two more 25 basis point hikes and suggested policymakers could accelerate tightening this winter.
Gold and silver suffered sharp losses after hotter October inflation lifted Treasury yields, strengthened the dollar, and raised the possibility that the Federal Reserve could approve a larger interest rate increase at its December meeting.
CoreWeave’s 168% revenue surge, raised outlook, and financing backed by customer contracts helped drive an 11% premarket rally, easing concerns about the neocloud’s funding position and the wider sustainability of the AI trade.
The White House is standing by Trump’s tariffs despite election losses, persistent inflation and polling showing broad support for repeal, while businesses reorganize supply chains and Democrats prepare a difficult challenge to the president’s trade agenda.
Nvidia shares rebounded before Wednesday’s opening bell, but an investigation, possible restrictions and questions about Jensen Huang’s leadership continued to shadow the company ahead of its Nov. 17 quarterly earnings report.
Treasury yields surged after October consumer inflation exceeded forecasts, while Federal Reserve Governor Christopher Waller warned that a 50 basis point December rate increase should be considered if inflation readings remain hotter than expected.
A 7% semiconductor surge and 3.4% Nasdaq-100 gain suggest capitulation may have sparked a rebound, but battered valuations, Nvidia’s scandal and unresolved technical hurdles leave the durability of the AI trade in serious doubt.
Buc-ee's will open its Murfreesboro, Tennessee, travel center on Nov. 16, capping a busy 2026 expansion year as the company advances into new states while confronting continued scrutiny over its trademark lawsuits.
Gold and silver advanced as the dollar weakened and crude oil plunged, but resilient employment figures and an 82.2% probability of a December rate increase left Tuesday’s inflation report as the crucial test for precious metals.