Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage […]
Wynn Resorts drops NYC casino license bid
Wynn Resorts is dropping its bid to land a casino license in New York. The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort in the posh Hudson Yards neighborhood of Manhattan, where […]
The ‘mother of all credit squeezes’ is coming — hang on to your wallet
Consumer confidence is buckling, and debt is mounting. Here’s how to steer your portfolio.
Boeing, DOJ reach deal to avoid prosecution over 737 Max crashes
Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. Tiksa Negeri | Reuters The U.S. Justice Department said Friday that it has reached a deal with Boeing that will allow the aircraft maker to avoid […]
Ships are canceling crossings to U.S., and Trump’s new 50% E.U. tariff threat isn’t likely to help
The spotlight is back on U.S. supply chains after President Trump threatened new E.U. and smartphone tariffs
United Airlines reaches labor deal with flight attendants, union says
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday. The deal includes “40% of total economic improvements” in the first year and […]
5 myths about AI that could be keeping you from investing in up-and-coming tech stocks
AI and robotics are giving investors a new market of stocks to watch.
Levi to sell Dockers to Authentic Brands Group for $311 million
The Levi’s brand logo on a store. Jens Kalaene | Picture Alliance | Getty Images Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, […]
Personal finance app Monarch raises $75 million
Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino. Courtesy: Monarch The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is among the largest for an American consumer fintech startup this year […]
Why bitcoin has rallied to a $112,000 record high while stocks are wobbling
The bitcoin rally to fresh highs might not see stocks tag along for the ride.
