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PXCM News

Today's Market: Stocks Turn Higher

The Dow and Nasdaq build on Friday's good vibes, when bad jobs news fueled a rally on hopes for a 50 basis-point rate cut.

Breaking News

Wendy's Stock Surges As Activist Nelson Peltz Mulls Takeover Deal

Nelson Peltz and Trian Partners, Wendy's biggest shareholders, are planning to arrange a takeover of the iconic burger chain.

Fed Minutes Opinion: Powell Wields Interest Rate Hammer In A World Of Inflation Screws

Fed Chairman Jerome Powell has raised his inflation hammer, vowing sharp rate hikes to slow the fastest U.S. inflation in forty years. It won't work.

Mortgage Rates Ease, But Soaring Prices Keep Buyers, Refinancers Sidelined - MBA

“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks," said the MBA's Joel Kan.

General Motors Takes a Big Hit

GM says it found 'malicious login activity' on an unspecified number of online user accounts.