The recent decrease in mortgage rates for the third consecutive week did not lead to a surge in refinance applications. In fact, there was a 15% drop in applications to refinance a home loan. This decline may be surprising given the lower rates, but it is important to note that the volume was actually 90%
The surge in online sports betting has significantly impacted personal finances, especially for those who are already facing financial distress. A recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlighted the detrimental effects of sports betting on households that are already financially vulnerable. The paper reveals that the legalization of sports
News broke in June of British tech entrepreneur Mike Lynch being acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. However, just a mere two months later, Lynch’s name surfaced in the news again, this time for a troubling reason. He was reported missing after a superyacht he was on,
Lowe’s recently made the decision to adjust its full-year forecast due to a decline in quarterly sales and the expectation of weak home improvement spending in the latter half of the year. This adjustment includes projecting total sales between $82.7 billion and $83.2 billion for the year, compared to the initial forecast of $84 billion
The recent surge in Palo Alto Networks’ stock price following a positive earnings report has sparked excitement on Wall Street. Investors reacted enthusiastically to the news, driving the stock up by more than 8% to approximately $372 per share. While the strong performance may seem promising at first glance, some analysts believe that the stock
With the economic agendas of former President Donald Trump and Vice President Kamala Harris being front and center, the issue of taxes has come into sharp focus for the upcoming presidential election. As it stands, trillions in tax breaks implemented by Trump through the Tax Cuts and Jobs Act are set to expire after 2025,
Electric vehicles have been touted as a cost-effective alternative to traditional gasoline-powered cars in the long term. While initial purchase prices might be higher for EVs, the lower fuel and maintenance costs can result in a lower lifetime cost compared to gas vehicles. However, several factors come into play to determine whether EVs are truly
In the aftermath of the Bank of England’s first interest rate cut in four years, Britain’s major high street lenders have been actively reducing their borrowing costs. The likes of Barclays, Halifax, HSBC, and NatWest are now offering attractive five-year fixed rate mortgages at rates of under 4%, which is below the BOE’s key rate
Alaska Airlines has announced that their planned acquisition of Hawaiian Airlines has successfully cleared the U.S. Justice Department. This comes after the antitrust regulators completed their investigation of the $1.9 billion deal without filing a lawsuit to block the merger. While this is a significant milestone, the two carriers still need approval from the U.S.
Boeing announced on Monday that it has temporarily halted the flight tests of its 777X aircraft model. This decision was made after the company detected damage in a structure of one of the wide-body planes during a routine maintenance check. The damaged part is a custom component located between the engine and the airplane’s structure.