Unexpectedly strong home sales at the start of this year reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing. Home prices nationally rose 0.16% in…
Tag: rise
1 Stock That Profits From the Rise of Remote Work
Video conferencing software company Zoom Video (ZM) posted better-than-expected fourth-quarter results and provided a positive earnings outlook for the current quarter. Moreover, given the rise in demand for technology and…
Stocks rise, regional bank stocks rebound
U.S. stocks moved higher Tuesday following U.S. and European efforts to stabilize the banking system. The S&P 500 (^GSPC) climbed 1.3%, while the Dow Jones Industrial Average (^DJI) gained nearly…
Check Fraud Is on the Rise. Here’s What You Can Do to Prevent It.
Other, more high-tech fixes are also being considered, Mr. Martel said, but he couldn’t offer a timeline for updates. There are “thousands upon thousands” of postal boxes, he said, and…
Mortgage demand falls as interest rates rise
A potential buyer with her realtor view a home listed for sale during an open house in Parkland, Florida. Carline Jean | Tribune News Service | Getty Images Mortgage rates…
US Futures Rise as Fed Aligns With Street Wagers: Markets Wrap
(Bloomberg) — US equity-index futures rose as investors grew confident the Federal Reserve’s peak interest rate would be within levels already priced in by markets. Most Read from Bloomberg Contracts…
ASML forecasts 25% rise in 2023 revenue as chip industry recovers
Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year.…
Mortgage demand plunges, as interest rates rise
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half…
Dutch Bros Posts 53% Rise in Third Quarter Sales, Shares Jump After Hours
By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 53% surge in third quarter sales, sending its shares higher aftermarket by 5%. The Oregon-based company said total…
Australia’s house prices fall, interest rates rise but analysts say no crash yet
Newly built houses in the Denham Court suburb of Sydney, Australia. Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Bloomberg…