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Mortgage rates push higher with no relief in sight: Freddie Mac

As mortgage rates remain high, homebuyers are looking for ways to lower costs. (iStock) The Federal Reserve is unlikely to reverse its restrictive policy stance anytime soon, pushing mortgage rates further into the 7% range, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage for the week ending May 2 was […]

Fed holds interest rates higher for even longer as inflation remains high

The Fed will not lower interest rates until a certain level of inflation reaches its target rate of 2%. (iStock) The Federal Reserve Board stated: Lack of inflationary developments Interest rates have fallen over the past few months, which is why they’re holding their own at this point. The central bank announced Wednesday that it […]

Shell unveils new $3.5bn share buy-back after higher profits than expected | Shell

Shell plans to shower shareholders with a further $3.5 billion (£2.8 billion) in share buybacks in the next quarter after reporting a better-than-expected profit of almost $8 billion in the first three months of this year. The company reported first-quarter adjusted profit of $7.7 billion, lower than the $9.6 billion reported in the year-ago period […]

Consumers see higher auto payments in exchange for better borrowing rates

Car loan repayment terms have become shorter, but monthly payments have increased. (iStock) Experian recently found that rising interest rates are making long-term loans less attractive, even for borrowers with good credit. report. They’re making higher monthly payments over shorter terms in exchange for better interest rates, said Melinda Zabritsky, head of auto financial insights […]

Perimenopausal women have 40% higher risk of depression, study suggests | Menopause

A global research analysis suggests that perimenopausal women have a 40% higher risk of experiencing depression than premenopausal women. Experts from University College London (UCL) have found that women are more likely to become depressed just before their periods stop, which can lead to new cases or worsen existing symptoms. did. This study highlights the […]

Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

Amazon on Tuesday expected second-quarter revenue to be weaker than Wall Street expectations as it expects spending from cost-sensitive companies on cloud computing services to be slow. Amazon’s first-quarter sales rose 13% to $143.3 billion, above the average of $142.5 billion, according to LSEG data. Amazon shares rose as much as 6% in after-hours trading […]

Fed expected to keep interest rates higher for longer amid stubborn inflation

Christopher Zook, chief investment officer at CAZ Investments, weighs in on the Fed’s response to the economy as expectations for interest rate cuts plummet and Japan’s yen and tech company profits plummet. Just a few months ago, Wall Street was confident that the Chinese government would start cutting rates in May. federal reserve. But a […]