Mortgage rates jumped for a second straight week and hit new highs for the year as borrowing costs for homebuyers rise.
The average30-year mortgage rate climbed to 4.30% from 4.21% last week, mortgage buyer Freddie Mac said Thursday. That is up from 3.73% a year ago.
Rates rose in anticipation of a widely expected hike in the Federal Reserve’s key interest rate, which the central....More>>>
Toward the end of trading Tuesday, the Dow traded up 0.57 percent to 24,523.96 while the NASDAQ climbed 0.01 percent to 6,875.94. The S&P also rose, gaining 0.28 percent to 2,667.34.
Leading and Lagging Sectors
Tuesday afternoon, the telecommunication services sector proved to be a source of strength for the market. Leading the sector was strength from Zayo Group Holdings Inc....More>>>
Wall Street was set for a slightly upbeat session on Wednesday, but with investors staying cautious ahead of the Federal Reserves rate announcement thats likely to include the third rate hike in 10 years.
Market participants were also watching the election in the Netherlands, where populist, far-right candidate Geert Wilders is vying to win the most seat in parliament.
Ready to talk with your employer about going from full-time to part-time for a few years before you retire entirely?
Seems like a reasonable idea to me. After all, surveys indicate that most boomers hope to gradually downshift into retirement.
Sadly, however, phased retirement — a reduction in hours for one or two years, generally going from working 100% of the time to 80% —....More>>>
StarBulk Carriers (SBLK) and Safe Bulkers (SB) have more than tripled during the past 12 months, while Golden Ocean Group (GOGL) has more than doubled. So it must be time for an upgrade right?
That’s exactly what Morgan Stanley did last night, when they upgraded StarBulk Carriers, Safe Bulkers, and Golden Ocean Group to Overweight from Equal Weight, while lifting arguing that the “recovery....More>>>