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Mortgage rates dawdled at trivial levels for much of early 2023, making homebuying seem like an achievable dream for many. However, the recent spike, where average rates for 30-year fixed mortgages surged to 6.81%—the highest since February—casts a long shadow over the housing market. This dramatic increase has triggered a substantial 8.5% decline in mortgage
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Morgan Stanley recently shattered expectations with its first-quarter earnings, posting a remarkable $2.60 per share instead of the anticipated $2.20. Earnings climbed a staggering 26% to reach $4.32 billion, largely fueled by an impressive surge in stock trading revenue that soared by 45%. This financial titan is an embodiment of resilience and adaptability in a
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In the ever-evolving landscape of American manufacturing, the recent comments from former President Donald Trump regarding auto tariffs stirred quite the conversation. When Trump mentioned the need for “a little bit of time” for automakers to adapt their production strategies amidst a hefty 25% tariff, it was a display of recognition—a tacit admission that the
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Webull, the stock trading app aimed at democratizing trading, recently made headlines with its staggering 375% stock price increase on its second day on the market. This kind of explosive growth is rarely seen and raises numerous questions about sustainability, investor sentiment, and the overall trajectory of the financial markets. Following its merger with SK
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