Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February
By ALEX VEIGA, AP Business Writer
The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers.
The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday.
Read More‘That’s the nastiest question’: Trump gets testy about his Wall Street nickname
A new Wall Street nickname for President Donald Trump made him upset at a recent news briefing.
The nickname, “TACO” short for “Trump always chickens out,” was coined by the Financial Times and has been used by Wall Street investors to describe his tariff threats, the reporter told Trump at the White House on Wednesday.
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Read MoreUnconstitutionality of Trump’s tariffs is clear, but where trade war goes from here isn’t
Trump and his “liberation day” poster board. (Photo by Chip Somodevilla/Getty Images)
Most of the tariffs that have been decreed by Donald Trump were ruled unconstitutional by the U.S. Court of International Trade Wednesday.
While markets were rallying Thursday at the prospect of a halt to Trump’s trade wars,
Read MoreTrump’s tariffs ruled illegal: Will this end US trade war?
A United States trade court has ruled that President Donald Trump’s global reciprocal tariffs are illegal, finding that the president overstepped his authority by imposing the import levies last month. Wednesday’s ruling could throw Trump’s sweeping trade policies into disarray, experts say.
The Court of International Trade in New York ruled that an emergency law invoked by Trump during his “Liberation Day” announcement in April does not give him unilateral authority to impose certain tariffs.
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Read MorePalantir defies tech gloom as Trump momentum powers stellar share gains
By Arsheeya Bajwa
(Reuters) -Palantir Technologies (PLTR) has succeeded where most tech stocks have struggled this year: staying hot in a cooling market.
The company’s military-grade AI tools along with its deep defense ties and high-level government connections at a time when the U.S.
» Read more about: Palantir defies tech gloom as Trump momentum powers stellar share gains »
Read MoreThe Burst
1 Cheap Blue Chip Stock To Buy Before It Pops
When it comes to investing, finding a stock with a history of success while providing minimal risk is considered the holy grail.
For those looking for a blue chip stock with growth potential, an excellent place to start is with one of the world’s most consistent performers: Berkshire Hathaway.
Berkshire Hathaway was founded in 1839 and had a rich history of success in the financial markets.
» Read more about: 1 Cheap Blue Chip Stock To Buy Before It Pops »
Read MoreThe Ivy
Market Commentary: 1 Premier Bank Stock Bursts Higher
Despite its role as a low-fee trailblazer, 2023 has been a really rough year for Schwab, down 34% year-to-date. But recent developments hint at the fog of uncertainty lifting. Indeed, Schwab CEO Walt Bettinger described the company’s current struggles as a “dense fog.” This opacity primarily stems from deposit outflows, unrealized losses on securities, and rising interest rates.
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