Investors have survived September, the historically worst month of the year for stock market returns. Outside of February (which has an average return that’s just barely negative), September is the only month to average a negative return for the S&P 500. The S&P 500 was actually positive for September this…

The Federal Reserve’s costly renovation project will have a new manager as Fed Chair Kevin Warsh has tasked the General Services Administration (GSA) with managing the completion of the project. On Wednesday, the Fed’s Office of Inspector General released a report which found that while there was no administrative misconduct…

Mortgage rates rose to the highest level since November 2023, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.28% from last week’s reading of 7.03%.The average rate on a 30-year loan…