Real Estate

“Surging interest rates push mortgage demand down more than 40% from a year ago”

“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…

Economy, Energy

“Oil Price Rise ‘Trickles Down to Everything,’ Even Your Potato Salad to Go”

“The headlines about high oil and gas prices seem far away from products like plastic wrap or lawn fertilizer. In reality, though, these everyday items need hydrocarbons to get made, and all across the supply chain, the struggle is on… Continue Reading…

Stocks

“S&P 500 rises Friday led by Apple, but still heads for fourth-straight down week”

“The market is set to wrap up a roller-coaster week with the S&P 500 headed for its worst month since March 2020. The Dow Jones Industrial Average rose about 220 points, or 0.7%. The S&P 500 ticked up 1.3%. The… Continue Reading…

Cryptocurrencies

“Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours”

“Bitcoin prices fell sharply on Thursday night, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 7% in the last 24 hours, and dropped as low as $38,287 in the same period, according… Continue Reading…

Stocks

“Dow rises for a second day to new record, broader market weighed down by tech losses”

“The Dow Jones Industrial average rose for a second day to start 2022 as investors bet on the kinds of stocks that would benefit from a robust economy this year despite the omicron threat. Losses in tech shares that were… Continue Reading…

Economy

“20% of Americans couldn’t pay their energy bill in the last year. How to keep costs down”

“…In the last year, about 20% of Americans struggled to pay their energy bill in full at least once, according to a study by Help Advisor. At the same time, 18% kept their house at a temperature that was either… Continue Reading…

Business, Stocks

“Stitch Fix shares are down more than 27%, analyst says apparel retailer has hit a ‘growth wall’”

“Stitch Fix shares plummeted more than 27% Wednesday to a fresh 52-week low as one analyst said the company has run smack into a “growth wall.” The online shopping and styling service was able to top fiscal first-quarter expectations after the bell on… Continue Reading…

Business, Stocks

“Twitter CEO Jack Dorsey is expected to step down, sources say”

“Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up more than 5% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital payments… Continue Reading…

Business

“Ford’s sales… down by 27.4% in the third quarter”

” Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production. The drastic decline was narrower than auto forecasters expected, but… Continue Reading…

Economy, Stocks

“Slow Motion Deterioration: Some Shares Down 20% or More”

“EDITOR NOTE: A stock market crash that some experts are predicting calls to mind a sudden, catastrophic event. A recent CNBC report suggests it this drop may already be happening, but at a slower, steadier pace than in the past.… Continue Reading…