Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week

• Mortgage rates drop to the lowest level in 5 months, luring home buyers back into the housing market

  Mortgage applications rose 11.2% in the past week, the Mortgage Bankers Association said.
  
  MarketWatch - 4h

• Oil prices buoyed by weaker U.S. dollar, rise in gasoline demand

  Oil futures rose Wednesday, finding support from a weaker U.S. dollar and data from the Energy Information Administration showing a notable weekly rise in gasoline demand and a nearly ...
  
  MarketWatch - 5m

• Japan revises fourth-quarter GDP lower, complicating BOJ's interest rate outlook

  Japan's economic growth slowed to 2.2% on an annualized basis in the fourth quarter as the country grapples with tepid domestic demand.
  
  CNBC - 1d

• Tesla shares have declined every week since Elon Musk went to Washington

  Tesla's stock has dropped for seven straight weeks, a stretch that dates back to the beginning of Donald Trump's second term in the White House.
  
  CNBC - 3d

• Fed chief Jay Powell plays down growth worries after jobs report disappoints

  Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall Street
  
  Financial Times - 4d

• Airline CEOs warn domestic travel demand is slowing

  Airline CEOs say economic uncertainty and a drop in government travel is driving down domestic travel demand.
  
  CNBC - 19h

• Bank of Canada cuts interest rates to 2.75%

  Seventh consecutive reduction comes as US tariffs create economic uncertainty
  
  Financial Times - 1h
• 

  Buying a Home? Without the CFPB, You Need to Be Your Own Watchdog.

  The C.F.P.B. had kept a close eye on mortgage lenders. But with the bureau hobbled, consumers should take several steps, starting with shopping for the best mortgage rates.
  
  The New York Times - 5d
• 

  E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead

  Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.
  
  The New York Times - 5d

More from CNBC

• Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods

  Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.
  
  CNBC - 18m

• Here’s the inflation breakdown for February 2025 — in one chart

  The consumer price index rose 2.8% in February from 12 months earlier. Inflation decelerated but economists fear tariffs will stall progress.
  
  CNBC - 1h

• Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies

  Mnuchin, who served under Trump in the Republican's first term in office, said does not see signs of an imminent slowdown for the U.S. economy.
  
  CNBC - 40m

• Tesla investor survey shows 85% believe Elon Musk's politics are having 'negative' or 'extremely negative' impact on company

  The poll is the latest sign of mounting frustration with the billionaire entrepreneur as he's become a rising politic figure.
  
  CNBC - 13m

• Tesla investor survey shows 85% believe Elon Musk's politics are having 'negative' or 'extremely negative' impact on company

  The poll is the latest sign of mounting frustration with the billionaire entrepreneur as he's become a rising politic figure.
  
  CNBC - 13m

More in Business

• Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams

  Spotify wrote in its annual Loud and Clear Report that nearly 1,500 artists generated over $1 million in royalties in 2024.
  
  CNBC - 2m

• Tesla bounces for second day after steepest drop since 2020

  The electric vehicle company has shed more than 40% in market value since President Donald Trump took office.
  
  CNBC - 3m
• 

  Climate Group Funded by Bill Gates Slashes Staff in Major Retreat

  Breakthrough Energy, an umbrella group for energy and environmental efforts funded by Mr. Gates, is resetting for the Trump era.
  
  The New York Times - 5m
• 

  Climate Group Funded by Bill Gates Slashes Staff in Major Retreat

  Breakthrough Energy, an umbrella group for energy and environmental efforts funded by Mr. Gates, is resetting for the Trump era.
  
  The New York Times - 5m

• Oil prices buoyed by weaker U.S. dollar, rise in gasoline demand

  Oil futures rose Wednesday, finding support from a weaker U.S. dollar and data from the Energy Information Administration showing a notable weekly rise in gasoline demand and a nearly ...
  
  MarketWatch - 5m