Mortgage rates are up but there’s still good news for homebuyers. Getty Mortgage rates continued their ping-ponging this week, inching up to 3.69%, according to Freddie Mac. That’s .12% higher than last week, but still 1.16% lower than this time last year. The Mortgage Bankers Association, which measures rates on all loans (not just conventional
Month: October 2019
It is “logical” for McLaren Automotive to continue manufacturing in the U.K. in spite of Brexit concerns, the firm’s chief executive said on Tuesday. “You only need one manufacturing location for 5,000 cars a year,” Mike Flewitt, chief executive officer of McLaren told CNBC’s “Street Signs.” “It would be uneconomic to do anything else,” he
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America beat analysts’ estimates for profit and revenue as the firm’s consumer and banking businesses offset a slump in trading. The firm said net income excluding an impairment charge rose
A slew of Wall Street’s top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference. The conference is best known for hedge fund managers making market-moving presentations. The Sohn conference held in San Francisco is the West Coast version of the investment conferences that began in New
Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow. Millennials are expected to be five times wealthier in the next decade than they are
Shares of Bank of America, U.S. Bancorp, PNC and Bank of New York Mellon all ticked higher on Wednesday as the bank’s profits topped Wall Street’s forecasts. But some of the bank’s shares rolled over as executives warned the current lower interest rate environment is likely to hinder bank’s net interest margin growth, a widely-watched
Alliance | Getty Images If you’re thinking of tidying up your balance sheet by taking out a personal loan, consider doing some research first. It could save you thousands of dollars. That’s because the interest rates lenders charge on personal loans can vary significantly, even if you have pristine credit, according to an analysis by
By Stacey Freeman, Next Avenue Contributor Getty Thanks to technology, we can buy groceries online. We can search online for a job, a pet, even a spouse. And if for whatever reason that spouse doesn’t work out, we can go through the divorce process online, too. But when you’re divorcing, can a website, or a
I see from the National Review that Beto O’Rourke’s remarks about revoking tax-exempt status of religious institutions such as colleges, churches, etc. for opposing same-sex marriage is still a thing. I’m not going to try to review the response to this remark, which has been epic. My purpose is to get some expert comment into
Building a brokerage is no easy feat, and for some, finding a partner to take the journey with may be the best course of action. However, though from the outset someone may seem like a perfect fit for the enterprise, it’s possible a lack of proper due diligence could leave you with a partner who
Investors rotated money from fast-growing stocks to “clean companies with no real flaws” as major indexes dipped during the session, CNBC’s Jim Cramer said Wednesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all slipped no more than 0.30% on the trading day. The action coincided with a Federal Reserve report that said
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a 7% fall in quarterly profit on Wednesday, as the world’s largest custodian bank earned lower fees and took a hit from a drop in interest rates. Net income applicable to common shareholders fell
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47
Sen. Elizabeth Warren (D-MA) speaks during the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. A record 12 presidential hopefuls are participating in the debate hosted by CNN and The New York Times. Win McNamee | Getty Images Sen. Elizabeth Warren may have a new slogan: “Where’s the beef?” During
In this photo illustration, an ‘Impossible Whopper’ sits on a table at a Burger King restaurant on April 1, 2019 in Richmond Heights, Missouri. Burger King announced on Monday that it is testing out Impossible Whoppers, made with plant-based patties from Impossible Foods, in 59 locations in and around St. Louis area. Michael Thomas |
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The City of Boston is ending its relationship with Fisher Investments, pulling $248 million in pension assets from the firm. Mayor Martin Walsh announced on
Many life threatening falls are preventable by easy steps from seniors and Congress, the Senate Aging Committee was told Wednesday. Falls, the leading cause of fatal and non-fatal injuries for older Americans, are expected to double in cost to $100 billion by 2030 as Baby Boomers age. About 75 percent of the bills are paid
Getty The largest dark web child pornography site in the world has been taken down. That was the word today from the U.S. Attorney’s Office for the District of Columbia, the Justice Department’s Criminal Division, the IRS Criminal Investigation (IRS-CI), and U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), together with the National Crime
BRAZIL – 2019/09/11: In this photo illustration the Massachusetts Institute of Technology MIT logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The coming decade, between 2020 and 2030, is when America gets old. A just-announced joint venture’s primary purpose is to fuse
House lawmakers are upping the pressure on the e-cigarette industry with two hearings scheduled Wednesday morning looking to rein in the industry and assess its risk as an emerging public health threat. The House Appropriations Committee and an Energy and Commerce subcommittee have called physicians, parent groups, public health officials and anti-smoking groups to testify.
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