Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets

Elon Musk spent more than $276 million in newly disclosed donations to Republican groups since July, making him the biggest known donor of the 2026 midterm election as the party fights to hold its majorities in Washington this November. The largest share – $158 million – went to the Senate Leadership Fund, the main super…

CME FedWatch currently places the probability of a Fed hold at its 3.75%–4% range at the October Federal Open Market Committee (FOMC) meeting at roughly 78%, with a December hike viewed as the more probable next move. What this rate environment means for brokers and buyers Jay Lessard, president and senior loan officer at Arizona-based…

Digital wallets have made the phone a familiar place to pay. X Money is testing whether a social platform can claim a place in that payment routine. Consumers already have wallets on their phones, stored credentials at merchants and payment apps that reduce the work required to complete a transaction. But success is no layup:…

The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty Images SK Hynix shares fell on Wednesday as exponential second-quarter earnings and revenue growth still failed to satisfy analysts’ supercharged expectations for an artificial-intelligence darling. Here…

VanEck Short Muni ETF (SMB +0.14%) offers tax-exempt income from short-duration municipal bonds, while Vanguard Short-Term Corporate Bond ETF (VCSH +0.13%) provides higher yields through a massive, low-cost portfolio of investment-grade corporate debt. Both funds aim to provide low-volatility income by targeting the shorter end of the fixed-income spectrum. However, they serve different roles: one…

Shares of Rexford Industrial Realty (REXR +0.57%) are down more than 1% this year. The real estate investment trust (REIT) focuses strictly on Southern California infill industrial properties: warehouses, distribution facilities, and light manufacturing buildings located inside densely populated markets, where the land is almost fully developed. The stock is overlooked because it is a…