Prospective homebuyers didn’t get much relief on mortgage rates this week, as the average 30-year fixed-rate mortgages barely budged from 6.87 to 6.86%, Freddie Mac reported. Last year, interest rates weren’t wildly different and averaged 6.71% for 30-year mortgages and 6.06% for 15-year mortgages.”The 30-year fixed-rate mortgage continues to trend…

Former President Trump’s pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration’s student loan handout as part of the White House’s repeated efforts to cancel borrowers’ debt. President Biden campaigned on forgiving student…

Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed.Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted index.…

Check out the companies making headlines in premarket trading. Chip stocks —Some of the largest semiconductor stocks were lower following a Bloomberg News report that said the Biden Administration is contemplating stiffer trade restrictions over concern that U.S. companies are giving China too much access to domestic semiconductor technology. Nvidia…

Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp. (VFC), the parent…

Investment thesis Construction Partners, Inc. (NASDAQ:ROAD) is a civil infrastructure company specializing in the building and maintenance of transportation networks. Its strategically located HMA plants and select material deposits provide construction products and services to both public and private infrastructure projects. It is in the business of building and maintaining…

Stay informed with free updatesSimply sign up to the UK inflation myFT Digest — delivered directly to your inbox.The pound hit a one-year high against the dollar on Wednesday after UK inflation figures came in slightly above expectations at 2 per cent for June.The consumer price data was above analysts’…

Once the leader was on his throne, the ritual capitulation could begin. Donald Trump looked on with an ethereal gaze Tuesday as a parade of Republican presidential candidates whose dreams he crushed staged a parade of the vanquished at the Republican National Convention. On another night awash in emotion after…

It’s that time of year when a storm developing in the Caribbean has the potential to become a hurricane. That’s when an early warning system becomes so important. This integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness activities systems helps people get ready to…

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