Mortgage refinancing drops to a 22-year low

Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market,…

Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it…

Mortgage demand drops further as interest rates shoot back to June high

GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that…

Bitcoin slumps below US$19,000, Ether drops despite Merge progress

Bitcoin dipped under US$19,000 to the lowest price since mid-June in an across-the-market slump for the top 10 cryptocurrencies by market capitalization in Wednesday morning trading in Asia. Ether also…

Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven…

Snap Stock Is Down by Double Digits After Earnings. Meta Platforms Drops Too.

Text size In May, Snap lowered financial forecasts it had issued in April. Dreamstime Snap stock was sinking after the Snap chat parent reported slowing sales and said it wouldn’t…

Mortgage demand drops to lowest level in 22 years

Daniel Acker | Bloomberg | Getty Images The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more…

ASML Stock Drops. The Chip Supplier Slashes Sales Outlook Amid Delays.

Text size ASML’s machines are key to the global chipmaking industry. Courtesy Bart van Overbeeke/ASML ASML beat expectations for second-quarter earnings, but shares in the critical supplier of manufacturing equipment…

Bitcoin Plunges Below $20K for First Time Since December 2020; Ether Drops Below $1K

Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin (BTC) sank below $20,000 for the first time…

Stock Market Today: Dow’s Fed Day Gains Disappear, Tesla Slides, Amazon Drops

Text size Federal Reserve Chairman Jerome Powell. JIM WATSON/AFP via Getty Images The stock market was tumbling Thursday as pessimism replaced optimism following the Federal Reserve’s three-quarter point rate increase—and…