House for sale with real estate sign “For sale” in the garden in spring or summer. No people. Fstop123 | E+ | Getty Images According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage demand fell last week compared to the previous week, even as interest rates continued to fall. The average contract interest rate … [Read more…]
Houses in Hercules, California, USA. Bloomberg | Bloomberg | Getty Images After rising over 8% in October, mortgage rates are falling back to 7%, giving the refinancing market a boost. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) fell from 7.37% to 7.17%, with points … [Read more…]
Bank managers are “cautious” going into 2024 Bank executives expressed caution when speaking at Goldman Sachs’ U.S. financial services conference in Manhattan on Tuesday. As David Hollerith of Yahoo Finance reports: Executives at some of the nation’s largest banks pointed to the resilience of the U.S. economy but warned that loan losses are likely to … [Read more…]
Revenues for the world’s top arms suppliers fell in 2022 as production problems prevented companies from meeting rising demand, boosted in particular by the war in Ukraine, according to Sipri researchers. According to a new report from the Stockholm International Peace Research Institute (Sipri), sales of arms and military services from the world’s 100 largest … [Read more…]
Elon Musk, CEO of Tesla. ODD ANDERSEN/AFP via Getty Images Elon Musk, CEO of Tesla, doesn’t think much of hybrid vehicles. Last year he did dismissed her as a “phase” and said it was “time to move on.” But Toyota has stepped up its game again – and this step has proven to be groundbreaking. … [Read more…]
The excess demand that has been driving up prices since inflation began has finally calmed down, according to Bank of Canada chief Tiff Macklem. He said this on Wednesday during a speech at the Saint John Regional Chamber of Commerce in New Brunswick, a day after announcing a slowdown in inflation in October. “We expect … [Read more…]
Nikesh Arora, CEO of Palo Alto Networks, told CNBC’s Jim Cramer that his company is still seeing strong demand for its cybersecurity services despite weaker-than-expected billing forecasts. The company’s share price fell nearly 6% in after-hours trading. In a Wednesday interview with CNBC’s Jim Cramer, Palo Alto Networks CEO Nikesh Arora said demand remains strong … [Read more…]
More than three-quarters of small and medium-sized business (SME) owners in Quebec hope municipalities will limit the rise in property taxes for businesses after they struggled to repay their debts due to the pandemic. This is according to a survey released on Tuesday by the Canadian Federation of Independent Business (CFIB). About 53 percent of … [Read more…]
Fisker just released its third quarter 2023 earnings results with a business update and we have the latest details for you. Today, Fisker released its Q3 2023 quarterly results and updated stakeholders. Fisker currently ships to ten countries and is expected to add two more markets later this month as operational momentum accelerates in the … [Read more…]
Comment on this storyCommentAdd to your saved storiesSave The Biden administration’s efforts to encourage more Americans to buy electric vehicles are falling short of expectations as consumers worry about prices, battery range and a lack of charging stations. U.S. sales of all-electric cars are still growing rapidly — up more than 50 percent this year … [Read more…]