The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week, but demand for mortgages didn’t move much.Total mortgage application volume increased 0.5% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This after demand surged the…

Check out the companies making headlines in premarket trading.FedEx — Shares slipped 2.9% after the shipping giant reported quarterly results. The company notched an earning beat with an adjusted $4.94 per share against a Refinitiv consensus estimate of $4.89 per share. However, revenue came in below expectations at $21.93 billion.…

If you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher. Higher prices can be helpful for struggling cocoa farmers. But those prices, along with high prices of other key chocolate ingredients, might not be great news for sweets shoppers…

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ChatGPT has taken the world by storm since launching to the public at the end of last year, with its ability to generate results from natural language having applications in nearly every modern sector of the economy.This includes finance and cryptocurrency, with several traders already using ChatGPT to develop their…

Introduction PDD Holdings (Pinduoduo) (NASDAQ:PDD) is a Chinese e-commerce company that was founded in 2015. They have been on the uptrend over the last few years, and are well positioned for future growth. Following the pandemic, the e-commerce industry saw a lot of growth, though particularly in China, which is…

European stocks edged lower on Wednesday, as investors waited for the congressional testimony from Federal Reserve chair Jay Powell later in the day, while hotter than expected UK inflation data reinforced views that the Bank of England will extend its tightening campaign for longer.The region-wide Stoxx 600 was 0.1 per…

A bill that would legally protect doctors who prescribe and send abortion pills to patients in states where abortion services are outlawed or restricted is now headed to New York Gov. Kathy Hochul’s desk after the state legislature passed the legislation on Tuesday. The bill ensures that doctors, medical providers…

Stock futures slipped Wednesday after the S&P 500 closed lower for the second day in a row and attention turned to Federal Reserve Chairman Jerome Powell’s testimony before Congress. These stocks were poised to make moves Wednesday: FedEx (FDX) was falling 2.7% in premarket trading after the shipping giant reported…

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