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Real Estate

“Mortgage refinance demand jumps 19% after rates hit lowest level since July”

“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.07% from 7.17%, with points falling to 0.59 from 0.60 (including the origination fee) for loans with a 20% down payment, according… Continue Reading…

Real Estate

“Mortgage refinance demand jumps 14% as rates fall to… [7%]”

“After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market… As a result, applications to refinance a home loan increased 14% from the previous week and were 10% higher… Continue Reading…

Stocks

“Adani’s Blockbuster Day Sees Market Value Jump by $23 Billion”

“Three of the 10 listed Adani Group stocks surged by their daily limit, headlining a blockbuster day for billionaire Gautam Adani that added $23 billion to his conglomerate’s market value… Adani Green Energy Ltd., which secured a $1.4 billion loan… Continue Reading…

Stocks

“Carvana Stock Jumps on an Upgrade. Wall Street Still Isn’t Sure About Its 700% Rally.”

“CarvanaCVNA11.58% stock has skyrocketed from roughly $4 to $40 this year—and it’s up another 11% on Monday thanks to an upgrade…” https://www.barrons.com/articles/carvana-stock-price-sell-upgrade-429516f3?siteid=yhoof2 It’s to late to jump on board now. At least I wouldn’t do it. Most of the time when… Continue Reading…

Business, Stocks

“Spotify jumps after saying it will cut 17% of workforce — read the full memo from CEO Daniel Ek”

“Spotify shares rose Monday after the music streaming service said it is laying off 17% of its workforce, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth. In an email sent to staff, Spotify… Continue Reading…

Business

“British fintech Wise reports 280% jump in profit as higher interest rates boost income”

“…Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. 30, 2023. Including interest income, the company’s total income stood at £656 million for the period, up 58% year-on-year. Before tax, company profit came in… Continue Reading…

Stocks

“RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update”

“Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an upbeat assessment of the progress it is making on inspections of a potential jet engine defect. The company formerly… Continue Reading…

Business

“Delta Air Lines profit jumps almost 60% after strong summer”

“Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices. In… Continue Reading…

Business

“Honda posts 78% rise in Q1 profit on U.S. sales jump”

“Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen… Like other automakers, Honda said it benefited from strong sales to retail customers in… Continue Reading…

Business

“Intel jumps 7% as it returns to profitability after two quarters of losses”

“…For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of $1.5… Continue Reading…