Mortgage rates sail past 7% as market moves into critical spring homebuying season
Mortgage rates rose to new highs this week, but buyers are adjusting. (iStock) Mortgage interest rates have climbed above 7%, which is likely to dampen the appetite for home buyers during the market’s key spring home buying season, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage was 7.10% for the week […]
Josh Hawley Moves to End FBI ‘Power Grab’ in Spy Powers Bill
Sen. Josh Hawley (R-Missouri) said Thursday he has introduced an amendment to end the FBI’s “power grab” in the spy powers bill aimed at curbing government surveillance abuses. . holy I have written“Everyone should know about the Turner Amendment.” This part of the House bill would give the FBI the power to pressure even more […]
Oil Moves Down on Crude Inventory Build – OilPrice.com
Oil prices fell today following the Energy Information Administration’s announcement. report Inventories increased by 2.7 million barrels in the week ending April 12. That compares with the previous week’s hefty 5.8 million barrels of production and an estimated 4 million barrels of production for the week ending April 12, reported by the American Petroleum Institute […]
Stocks making the biggest premarket moves: Eli Lilly, Travelers, United Airlines, Alcoa and more – CNBC
Check out the companies making the biggest moves in pre-market trading: Eli Lilly , ResMed — Eli Lilly’s stock price could see its weight-loss drug Zepbound treat patients with obstructive sleep apnea The stock rose 2% following the pharmaceutical giant’s announcement that it showed Shares in ResMed, which makes devices to treat sleep-related breathing disorders, […]
Julian Assange’s extradition case moves to next stage after US provides British court with assurances
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NY GOP moves to knock ‘The Biggest Loser’ trainer Cara Castronuova out of Senate primary
A former trainer on the TV show “The Biggest Loser” is running for the U.S. Senate, but the influential Republican Party is trying to knock her out of the Republican primary. Powerful party insiders are seeking to disqualify former Golden Globe boxer Carla Castronuova from competing against popular Democratic incumbent Sen. Kirsten Gillibrand, who is […]
Stocks making the biggest moves midday: GL, JPM, ZTS, WFC – CNBC
Check out the companies that are trending in intraday trading. JPMorgan — Announces that net interest income levels may be lower than Wall Street analysts expected in 2024, despite beating both top and bottom line estimates last quarter After that, the bank fell 5%. CEO Jamie Dimon also highlighted the dangers of inflationary pressures. Wells […]
Biden Backs FISA Bill as Speaker Mike Johnson Moves Again to Renew Spy Powers Authority
President Joe Biden on Friday backed a bill that House Speaker Mike Johnson (R-Louisiana) wants to pass that would reauthorize the controversial surveillance bill. President Joe Biden’s administration is HR 7888, the Information Reform and Protection of America Act (RISAA), a bill that reauthorizes Section 702 of the Communications Decency Act. Section 702 is a […]
House moves forward with modified FISA bill, but will it be enough to appease hard-liners?
The House Rules Committee advanced a modified version of a key federal surveillance extension, increasing pressure on Republicans to forgo their recent infighting and pass the legislation ahead of its scheduled expiration next week. The committee advanced a new proposal to reauthorize Section 702 of the Foreign Intelligence Surveillance Act during a late-night meeting on […]
Income investing opportunities emerge as the outlook for rate cuts moves to September – CNBC
Although traders’ hopes for a June rate cut were dashed, income-seeking investors may find a golden opportunity to pick up bonds and high-dividend stocks at bargain prices. Consumer prices rose faster than expected in March, rising an annualized 3.5%, beating Wall Street expectations. The news sparked a selloff Wednesday, with the Dow Jones Industrial Average […]