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Mortgage rates fall below 7% in boost for homebuyers

The average rate on a 30-year mortgage fell this week to just below 7% for the first time since mid-April, providing a slight boost to homebuyers trying to weather a housing market slumped by rising prices and relatively few homes available. Mortgage buyer Freddie Mac said Thursday that interest rates fell to 6.94 percent from […]

Asia FX weakens as Fed minutes brew rate fears, boost dollar – Investing.com

Investing.com — Most Asian currencies traded in narrow ranges on Thursday, recouping some overnight losses as minutes from the U.S. Federal Reserve’s latest meeting boosted the dollar amid growing concerns about higher interest rates for a long time. The prospect of a renewed trade war between the U.S. and China after China retaliated against higher […]

New Study Calls into Question Whether DEI Programs Really Boost Corporate Earnings

The replication crisis strikes again. It’s safe to say that diversity, equity, and inclusion is one of the more controversial ideas of our time (and a multibillion-dollar industry). Some such as Elon Musk argue that DEI — which definitionally speaking means addressing structural inequalities in society — constitutes blatant racism. Others contend that DEI is simply about creating more […]

Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings

More wealthy shoppers flocked to Walmart, helping the nation’s largest retailer overcome inflation headwinds faced by its rivals and deliver better-than-expected quarterly results, the company said Thursday. Walmart said total U.S. comparable sales increased 3.8% in the first quarter ended April 30, with most of the increase coming from households with incomes of $100,000 or […]

House GOP investigates WH push to boost voter registration

The Republican-led House Oversight Committee is closely monitoring the Biden administration’s efforts to increase voter participation. Back in 2021, President Biden signed the following agreements: presidential order It directed government agencies to “examine ways to expand opportunities for people to register to vote.” But Republicans question the constitutionality of the directive. “Our concerns are compounded […]

President Joe Biden looks to boost worker, consumer power as election looms

The Biden administration has rolled out new rules over the past week aimed at empowering workers and consumers as the president seeks to address bleak economic conditions ahead of what is expected to be a close election. They have been announced one after another. Last Tuesday, the Federal Trade Commission (FTC) passed a resolution banning […]