Mortgage rates well over 5% have refinancing applications down 83% year over year. Another week, another round of bad news for a U.S. housing market under pressure. For the fourth week in a row, mortgage Read more…
Disney’s streaming service has updated a widely criticized policy. For most of its existence, Disney’s modus operandi was simply to make everyone happy. It’s animated films, theme parks and Mickey Mouse-branded merchandise has endeared it Read more…
Tycoon’s social media empire faces many challenges including fierce competition from TikTok. Mark Zuckerberg’s plate is full. His Meta Platforms (META) – Get Meta Platforms Inc. Report empire, which includes the social networks and messaging apps Read more…
Microsoft stock is rallying even after the software giant missed earnings estimates. Here are the levels it must clear now. Shares of Microsoft (MSFT) – Get Microsoft Corporation Report are rallying about 5% on Wednesday. That Read more…
Monthly auto loan payments broke the $700 level for the first time. Auto loans broke the $700 level in July for the first time ever because consumers fueled their desire for bigger new vehicles as Read more…
“Recent indicators of spending and production have softened and inflation remains elevated,” the Fed noted following back-to-back 75 basis point rate hikes. Updated at 2:41 pm EST The Federal Reserve delivered its second major rate Read more…
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FOMC raises federal funds rate target by 75 bps to 2.25-2.50% as widely expected. The decision was by unanimous vote. In the accompanying statement, Fed said that recent indicators of spending and production have “softened”. Read more…
Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the Read more…
Illustration by Alex Castro / The Verge Google’s improving Gmail’s search results, which should make it easier to find a specific contact. In a blog post, Google explains it’s rolling out “intent matching for names Read more…