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Stocks

“Dow Jones Surges 900 Points On Cool Inflation Data; Treasury Yields Dive”

“The Dow Jones Industrial Average briefly surged 900 points Thursday after the closely watched consumer price index, or CPI, inflation gauge came in cooler than expected. The 10-year Treasury yield dived to 3.87% Thursday after the cooler-than-expected CPI reading. Meanwhile,… Continue Reading…

Real Estate

“30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago”

“Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That… Continue Reading…

Economy

“Food, gas prices pinch families as inflation surges globally”

“From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price… Continue Reading…

Stocks

“Astra stock surges 30% after the rocket builder reached orbit successfully”

“…Astra stock jumped as much as 42% in trading from its previous close of $9.53. With unusually heavy trading volume, the stock is trading anywhere from 30% to 40% since hitting the high. Indeed, it was trading about 31% higher… Continue Reading…

Business, Stocks

“Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain”

“Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media Technology Group. Austin-based Phunware is an… Continue Reading…

Business

“Tesla posts record net income of $438 million, revenue surges by 74%”

“Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 3% after hours as investors digested the numbers. Here’s how the company… Continue Reading…