The average long-term U.S. mortgage rate fell again this week but remained high compared to earlier in the spring home-buying season, according to weekly data compiled by mortgage buyer Freddie Mac. The rate on the 30-year fixed mortgage fell to 6.69% this week from 6.71% a week ago. One year…

Negotiations between UPS and the Teamsters over a new contract for the roughly 350,000 unionized workers at UPS are moving ahead as the threat of a potential strike later this summer hangs over the economy. UPS’ role in the U.S. economy has grown in recent years due to the rise…

Check out the companies making the biggest moves in premarket trading:Virgin Galactic — Shares soared nearly 45% in premarket trading, a day after the company said its first commercial space tourism flight is set for later this month. Its second commercial flight is expected in early August, with monthly runs…

Sports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet’s U.S. assets, it said on Friday, topping an earlier bid by Fanatics. Last month Fanatics agreed to buy the Australian company’s U.S. operations for $150 million in an effort to boost its presence in sports gambling.”While we…

Members of the Teamsters union are almost certain to approve a massive strike at UPS in a vote concluding Friday. A prolonged work stoppage could severely damage the economy – but a strike is still more than seven weeks away, if it happens at all. Strike votes are a common…

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The XRP price has gained by 1% in the past 24 hours, climbing to $0.478546 as the cryptocurrency market recovers a little from its losses earlier in the week.While XRP remains down by 8% in the last seven days, it’s up by 6.5% in the last 30 and has risen…

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First, let’s me point that, based on my analysis, the recent breach of the 20% level from the October lows for S&P 500 is still a bear market rally, and not the beginning of a new bull market. The most popular ETF that tracks the S&P 500 (NYSEARCA:SPY) is up…

Five months after China’s president Xi Jinping declared victory over the pandemic and relaxed stringent social controls, new data this week revealed that the country’s economy was far from returning to full health.While consumers are venturing out to spend, buyers are shunning property, one of the Chinese economy’s central growth…