The mortgage rates have experienced a decline for the third consecutive week, which should have been a signal for a surge in refinancing applications. However, this was not the case as there was a notable drop of 15% in applications to refinance a home loan compared to the previous week. Despite this, the volume remains
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and projecting weak home improvement spending for the second half of the year. The company now expects total sales to fall between $82.7 billion and $83.2 billion for the year, a decrease from its previous projection of $84 billion to
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a landmark trial involving allegations by Hewlett Packard. However, just two months after his acquittal, Lynch was reported missing following the sinking of a superyacht off the coast of Sicily. The yacht, called the Bayesian, capsized during a
Elliott Management has been making bold moves in the past few months, becoming one of the most active activists in the investment world. One of their recent investments was in Texas Instruments, resulting in a 1.7% increase in the stock since their involvement. Additionally, Elliott Management purchased shares in Southwest Airlines, pushing for a course
The recent surge in Palo Alto Networks’ stock price following their better-than-expected fourth-quarter earnings has sparked enthusiasm on Wall Street. The shares jumped over 8% to reach approximately $372 each, nearing their all-time high close of nearly $377. This significant rally of around 27% since August 5 has caught the attention of investors and analysts
As the 2024 election approaches, both former President Donald Trump and Vice President Kamala Harris have outlined their respective economic agendas, with tax changes being a central focus. Trump aims to preserve the tax cuts brought forth by the Tax Cuts and Jobs Act (TCJA), which include individual and business tax cuts. These tax cuts
When it comes to evaluating the cost efficiency of electric vehicles (EVs) compared to traditional gasoline-powered cars, factors such as the model of the EV, the buyer’s location, and charging habits play a crucial role. While the initial purchase price of an EV may be higher than a gas-powered vehicle, the long-term savings on fuel
In the wake of the Bank of England’s recent interest rate cut, Britain’s major high street lenders, including Barclays, Halifax, HSBC, and NatWest, have been quick to respond by slashing borrowing costs. This move has led to a surge in homebuyer activity, with these lenders now offering five-year fixed rate mortgages of under 4%. This
Alaska Airlines recently announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This comes after the antitrust regulators completed their investigation of the deal without filing a lawsuit to block the merger. The $1.9 billion agreement between the two carriers was announced eight months ago, marking a significant step
Boeing announced on Monday that it has temporarily stopped flight tests of its 777X aircraft after discovering damage in a structure of one of the wide-body planes. The company revealed that the damage was found in a custom part located between the engine and the airplane structure during routine maintenance checks. As a result of