After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages withContinue Reading
A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers. Weekly application volume fell 0.1% last week from the previous week, according to the MortgageContinue Reading
Our modern world has a voracious appetite for metals, and smart investors can leverage that for profits. The list of metals is extensive, and ranges from lesser-known rare elements such as scandium, yttrium, and gadolinium to the vital component of every battery in every digital device, lithium. Lithium has beenContinue Reading
Workers are likely to see more options for mental health care — but they may have to wait for appointments. Employers reported growing demand for mental health services, Kaiser found, and more than a quarter of large employers said they had added mental health providers to their networks, whether forContinue Reading
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full year in light of the “rough macro environment.” Shares were down more than 9% in after-hours tradingContinue Reading
ABU DHABI, United Arab Emirates — State oil giant Saudi Aramco reported a 39% rise in net income for the third quarter year-on-year, on the back of higher crude prices and tightening global supply. Net income rose to $42.4 billion for the quarter, up from $30.4 billion the previous yearContinue Reading
Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to Shayne Elliott, chief executive officer at major Australian bank, ANZ. The Reserve Bank of Australia has hiked the official cash rate six times in a rowContinue Reading
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep dropContinue Reading
China demand continues to slow but U.S. Infrastructure Act can help buffer the effects Construction and heavy machinery maker Caterpillar (NYSE: CAT) stock has been weathering the bear market down (-17%) on the year. Despite the slowing demand in China, supply chain disruptions, inflationary pressure, and slowdown in the housingContinue Reading
Opinions expressed by Entrepreneur contributors are their own. Almost a decade ago, I found my husband weeping in the glow of his computer screen. I wondered why Rob, a tech entrepreneur with engineering degrees and trademark stoicism, was so visibly upset. “Aaron Swartz killed himself,” he sputtered. Swartz, a 26-year-oldContinue Reading