Mortgage rates dropped to 6.63% this week, according to Freddie Mac’s Primary Mortgage Market Survey. Rates for 30-years fixed-rate mortgages were 6.69% last week, dropping by 0.06 percentage points. Rates for 15-year mortgages also dropped slightly from 5.96% last week to 5.94% this week. Both 15-year mortgages and 30-year mortgage…

For the most part, the stock market and underlying stocks’ fundamentals have been in a state of disconnect since the furious rally that began in November. Most companies are still reporting slowdowns in revenue growth driven by elongated macro pressures, even though the S&P 500 freshly hit records above 5,000.…

Defense Secretary Lloyd Austin transferred his duties to his deputy as he is hospitalized for treatment for symptoms “suggesting an emergent bladder issue,” according to the Pentagon. Deputy Secretary of Defense Kathleen Hicks assumed the functions and duties of the top spot at the Pentagon shortly before 5 p.m., Maj.…

Most large cryptocurrencies were up during morning trading on Friday, with Bitcoin BTCUSD, +0.23% seeing the biggest change, rising 3.79% to $47,057.90. Seven additional currencies posted upswings Friday. Uniswap UNIUSD, -1.34% increased 3.74% to $6.57, and Ethereum ETHUSD, -0.13% climbed 2.80% to $2,493.15. Solana SOLUSD, -1.42% rose 2.08% to $104.90,…

The tech layoffs that hit the sector in 2023 have continued into 2024, with a host of companies ranging from Big Tech to smaller firms making cuts. Amazon.com Inc. AMZN, +2.71% recently announced that it is cutting “several hundred” roles across its Prime Video and MGM Studios organization while Twitch, the…

The Bank of England on Thursday is expected to follow the European Central Bank last week and the Federal Reserve on Wednesday in leaving interest rates unchanged. The Bank Rate will remain at 5.25%, the highest since March 2008, for the fourth meeting in a row, according to bets in…

2/2 © Reuters. FILE PHOTO: The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. Picture taken March 18, 2019. REUTERS/Yuka Obayashi/File Photo 2/2 By Anton Bridge, John Geddie and Daniel Leussink TOKYO (Reuters) – Donald Trump’s pledge to block Nippon Steel’s…

By Riham Alkousaa BERLIN (Reuters) -Germany’s government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to…

Investing.com – The U.S. dollar steadied near two-week highs in early European trade Wednesday ahead of the release of the minutes of the Federal Reserve’s December meeting. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at…

BANGKOK – UOB Thailand has entered into a strategic partnership with Thailand’s Board of Investment (BOI) to enhance foreign direct investment (FDI) in the country’s high technology sectors, with a focus on electronics and electric vehicles (EVs). This collaboration, under the guidance of UOB Thailand President Tan Choon Hin, is…