In Finance
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Stocks making the biggest moves after hours: eBay, Qualcomm, DoorDash, Carvana and more
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Nationwide, Santander and NatWest to raise mortgage rates
Nationwide, Santander and NatWest will increase their rates on home loans amid uncertainty in the sector.
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Three Tips For Small Business Borrowers In A High Interest Environment
While the rates will be higher than bank term loans and SBA loans, non-bank lenders are usually willing to provide funding, albeit at a higher coast of capital.
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Americans were paid an additional $235 billion in interest in 2023, thanks to the Fed
New York (CNN) — If you’re carrying a lot of high-interest debt, the fact that the Federal Reserve once again did not cut interest rates at its Wednesday meeting may
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Fed Repricing Gives Rise to New Equities Playbook in Asia
(Bloomberg) -- A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value...
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T-Mobile Officially Acquires Mint Mobile in $1.35 Billion Deal
T-Mobile officially finalized the $1.35 billion deal to acquire Mint Mobile, according to a press release from the telecom company. The deal was first announced in March 2023 but had to clear regulatory approval. The U.S. Federal Communications Commission (FCC) gave approval to the deal last week after T-Mobile pledged to let existing Mint customers switch providers for 60 days after the acquisition. T-Mobile has also pledged to keep Mint’s $15 per month deal for both new and existing...
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Stocks making the biggest moves midday: Super Micro Computer, Starbucks, Pfizer and more
These are the stocks posting the largest moves in midday trading.
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Mortgage Rates Move Lower After Fed Announcement
Wednesday brought a full schedule of events and data for the bond market to digest and bonds dictate day to day changes in mortgage rates. The morning's data was perfectly palatable, resulting in modest strength heading into the afternoon's Fed announcement. Contrary to impression given by many news headlines on Fed day, there is rarely any significance to the Fed's actual decision to hike/cut/hold steady at any given meeting by the time the meeting actually happens. Markets will...
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Yum Brands stock is falling because people are not buying chicken and pizza
Cash-strapped consumers are not splurging on pizza and chicken, and that’s hurting sales at restaurant company Yum Brands. Shares of Yum brands were down by nearly 5% in early hours, trading at $135, after the company reported a decrease in sales for its Pizza Hut and KFC divisions. The Louisville, Kentucky-based company missed Wall Street’s expectations, having generated $1.6 billion in revenue — about $1.15 earnings per share — in the first quarter. Analysts had predicted it would make...
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Today's 30-year mortgage rates plummet while 15-year mortgage rates rise | May 1, 2024
The interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 1, which is 0.375 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last...
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Mastercard (MA) Cuts Forecast, Network Spending Misses Estimates
Mastercard Inc. cut its forecast for revenue growth for the year and spending on the payments giant's network missed estimates. Growth in...
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Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.