Existing-Home Sales Fall to 16-Year Low in October as Mortgage Rates Top 7%
Existing-home sales fell to 3.75 million in October, the lowest in 16 years, as 30-year mortgage rates stayed above 7%. Median price: $416,700.
Markets
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
Lutnick Agrees to Testify as Senate Panel Summons Huang Over Nvidia Chip Exports
Commerce Secretary Howard Lutnick agreed to testify on Nvidia chip exports to China. Senate Banking’s chair also asked Jensen Huang to appear Dec. 3.
Fed’s Williams and Hammack Signal More Rate Hikes Ahead of the Dec. 8-9 Meeting
New York Fed President John Williams and Cleveland’s Beth Hammack said Thursday, Nov. 12, more rate hikes are likely as inflation runs hot. What we know.
Nvidia Falls 6.6% Before the Bell as Board Weighs Jensen Huang’s Future
Nvidia fell 6.6% before the bell Nov. 12 after its board met on CEO Jensen Huang’s future. No decision was announced; Bernstein halved its target.
CFTC Investigates Kalshi Filings as Senators Target Drug-Trial Bets
The CFTC is investigating whether Kalshi properly filed event contracts, Kalshi confirmed, as two senators pressed HHS on bets tied to drug trials.
Saudi Oil Output Hits Pre-War High as U.S. Gas Falls Below $4 a Gallon
Saudi Arabia pumped 10.563 million barrels a day in October, OPEC said, as the U.S. average gas price fell to $3.94, its first time under $4 in months.
Nvidia Board Prepares to Oust Jensen Huang, WSJ Reports; Shares Drop 7% Late
Nvidia shares fell more than 7% after hours Nov. 11 after The Wall Street Journal reported the board is preparing to oust CEO Jensen Huang.
Credit Card Debt Hits a Record $1.29 Trillion as U.S. Household Debt Climbs to $19.1 Trillion
Americans owed a record $1.29 trillion on credit cards in Q3, the New York Fed said Nov. 10, as household debt rose $334 billion to $19.1 trillion.
CoreWeave Revenue Jumps to $3.66 Billion as Backlog Reaches $132.5 Billion and Guidance Rises
Nov. 10, 2026: CoreWeave reported Q3 revenue of $3.66 billion, a $132.5 billion backlog and raised 2026 guidance, while its net loss widened. What we know.
Consumer Prices Rose 0.4% in October as Food Costs Jumped
October CPI rose 0.4 percent as food prices jumped 0.5 percent, the BLS reported Tuesday, but the agency withheld most official 12-month inflation rates.