Banks snatch up mortgage bonds that saw best returns since 2002
US banks flush with cash are buying up mortgage bonds and betting that the asset class will get a further boost in 2026 from relaxed capital rules.
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IKEA battles Amazon, Temu as market shifts bring pain to flat-pack dynasty
The maker of the much-loved Billy bookcases and products with hard-to-pronounce names is on its third iteration of “the biggest transformation in IKEA history.”
Factory malaise continues as manufacturing gauge drops to 1-year low
Producers are drawing down their raw materials inventories at the fastest rate since October 2024.
Samsung’s first trifold phone is expensive and half-baked
Nearly seven years in, the foldable smartphone era has been a letdown — but you can't say that hardware makers haven't tried.
The 11 big trades of 2025: Bubbles, cockroaches and a 367% jump
From bond desks in Tokyo and credit committees in New York to currency traders in Istanbul, markets delivered both windfalls and whiplash.
Nvidia, Lenovo and Samsung to test consumer appetite for AI at CES
At CES, the annual consumer technology conference happening in Las Vegas next week, the biggest names in tech will make the case for artificial intelligence.
Target jumps after FT reports activist Toms Capital took stake
Target Corp. shares rose on Friday after the Financial Times reported that an activist investor built up a stake in the big-box retailer, citing people it didn't identify.
Poorer Americans dropped federal flood insurance when rates rose
Most US homeowners insurance policies don’t cover flood damage, and the federally subsidized NFIP accounts for nearly 90% of residential flood coverage.
California again delays ‘zone zero’ wildfire protection rules for homes
Officials are waiting until March 2026 to continue work on regulations to require ember-resistant zones around some 2 million houses in high-risk wildfire areas.
Trump enjoys World Cup draw spotlight that kicks off anticipation for event U.S. will host with Canada, Mexico
The U.S. learns two of its opponents and possibilities for the third in group-stage play, which will include two games at SoFi Stadium.