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Categories Economy

Mortgage refinance demand jumps to a 2-year high, as interest rates drop

Author July 17, 2024

Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance

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Categories Economy

GM to increase production of high-performance Cadillac Escalade V8 SUV

Author July 17, 2024

DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model

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Categories Economy

Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut

Author July 17, 2024

Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major

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Categories Economy

Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates

Author July 17, 2024

Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to

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Categories Economy

Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%

Author July 17, 2024

The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming

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Categories Economy

Jerome Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates

Author July 17, 2024

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at

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Categories Economy

GM’s 2025 EV production capacity target in doubt after Barra comments

Author July 17, 2024

General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily

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Categories Economy

Shares in gun manufacturers soar after Trump assassination attempt

Author July 17, 2024

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Categories Economy

Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

Author July 17, 2024

Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would

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Categories Economy

Traders see the odds of a Fed rate cut by September at 100%

Author July 17, 2024

Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target

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