Bloomberg Money Minute: Stock Market Rally, Mortgage Rate Dip, and Campbell's Lawsuit

Markets and Interest Rates

• 📈 Stocks are trading higher as investors anticipate an interest rate cut from the Federal Reserve following the Thanksgiving holiday.
• 💡 Homebuyer activity is showing resilience as the year concludes, with pending home sales at their highest since last November.

Mortgage Rates

• 📉 Mortgage rates have experienced a slight decrease, according to Freddie Mac.
• 🏠 Freddie Mac's chief economist notes that despite the slight dip, homebuyer activity remains strong.

Campbell's Lawsuit

• ⚖️ Campbell's is facing a lawsuit involving allegations of racist remarks and criticism of its products by an executive.
• 🚫 The company has placed an executive on leave and is defending its ingredients, stating it does not use 3-D printed or lab-grown chicken, or any artificial or bioengineered meat.
• 🗣️ The suit claims the vice president of IT described the company's products as "highly processed food for poor people" and questioned a co-worker's intelligence.