Samsung Sparks $30 Billion Chipmaker Rally After 21% Sales Jump

(Bloomberg) — Samsung Electronics Co. reported a better-than-anticipated 21% jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on the $550…

Demand for adjustable-rate mortgages surges, as interest rates jump

A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4%…

Big landlords jump into the homebuilding as demand for single-family rentals surges

Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental…

Exxon Flags Huge Profit Jump as Lawmakers Target Dividends

(Bloomberg) — Exxon Mobil Corp. signaled its highest profit since 2008 as Russia’s war in Ukraine upended global commodity markets. Most Read from Bloomberg Exxon’s announcement that first-quarter results may…

Mortgage rate soars closer to 5% in its second huge jump this week

The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%,…

Stocks Jump on China Vow; Bonds Steady Before Fed: Markets Wrap

(Bloomberg) — Stocks in Asia jumped Wednesday amid a rally in technology shares and a pledge from China to keep capital markets stable, while Treasuries held steady as investors awaited…

Mortgage rates jump back to higher, pre-Ukraine war levels

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The war-induced drop in U.S. mortgage rates was short-lived. Rates popped up again this…

January home sales jump 6.7% despite a record low supply

A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to…

Jobless claims jump to 286,000, the highest level since October

Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan.…

Mortgage rates jump again, causing headaches for homebuyers

Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The…