Wells Fargo Once the No 1 Player in Mortgages Is Stepping Back from the Housing Market
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Housing Market Slumps as Mortgage Rates Top 7%
Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.The Wall Street Journal - World - Mortgage -
Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo
Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.MarketWatch - Business - Federal Reserve -
Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.CNBC - Business -
Housing market ‘stagnant but determined’ as mortgage rates surge past 7%, Rocket CEO says
The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates.MarketWatch - Business - Mortgage -
Three years after the Trey Lance trade, the 49ers are back in Round 1; can they find an impact player?
The 49ers lost their first-rounders the past two years because of the trade that netted Lance and know they need to replenish their top-heavy roster.ESPN - Sports -
The Guardian view on Iran and Israel: they need to step back from the brink of open warfare | Editorial
The world does not know what’s been unleashed in the tit-for-tat attacks. But it is unlikely to be anything good. It is troubling that what started with Israel’s attack on Iran’s consular building in Syria on 1 April may not end with Tehran’s ...The Guardian - World - Iran -
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.CNBC - Business -
With the market stumbling, we're hunting for quality stocks to buy into weakness
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
First-quarter results will come against a more pleasant backdrop than last year, when Silicon Valley Bank's collapse sent shockwaves throughout the sector.CNBC - Business -
Big U.S. banks are set to reveal quarterly earnings, with JPMorgan Chase, Wells Fargo and Citigroup first out of the gate on Friday.
Big U.S. banks are set to reveal quarterly earnings, with JPMorgan Chase, Wells Fargo and Citigroup first out of the gate on Friday.The Wall Street Journal - World -
JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings
JPMorgan’s stock gives back some of its gains for the year as first-quarter results trigger selling.MarketWatch - Business -
SPDR Gold Gains As Futures Push to New Highs
Gold futures rose to a record $2,365.80 per troy ounce, after spending much of the day lower.The Wall Street Journal - World -
Back From Ukraine, a House Republican Makes the Case for More Aid
Representative Chuck Edwards, a first-term North Carolinian, has emerged as a vocal proponent for U.S. aid to Ukraine in a party that has grown hostile to it. He recently saw the war up close.The New York Times - World - Ukraine -
What was it like to face Caleb Williams in high school? The players who intercepted him remember it well
From sheer terror to life-changing plays, going against Williams was an experience unlike any otherCBS Sports - Sports -
Cinemark well-positioned for box-office rebound and market-share gains, says Benchmark
Movie-theater chain Cinemark Holdings Inc.’s growth prospects are strong, according to Benchmark analyst Mike Hickey.MarketWatch - Business -
Inflation Comes for the Housing Market
Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.The New York Times - Business -
Scottie Scheffler, the world's No. 1 player, takes aim at a second Masters championship
Scottie Scheffler is the overwhelming favorite to win a second green jacket when he tees off this week at the MastersABC News - Sports -
NHL Playoff Rank: The top 50 players, led by Auston Matthews at No. 1
With Matthews in the top spot, where do Nathan MacKinnon, Connor McDavid and Artemi Panarin rank? What about the top goalies? Here's what our voters think.ESPN - Sports - NHL -
Mortgage refinance demand surges even as rates cross back over 7%. Here's why
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.CNBC - Business - Mortgage -
Bad news for home buyers: Mortgage rates jump on the back of strong economic data
The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business - Mortgage -
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.The Wall Street Journal - World -
NFL reinstates five players from gambling bans
The NFL has reinstated five players who were suspended for the 2023 season for violating the NFL's gambling policy.ESPN - Sports - NFL -
Joe Lycett reveals H from Steps statue hoax
Tragedy or not, the pop star will not be cast in 8ft bronze in his hometown of Cowbridge.BBC News - Top stories -
Jessica Alba steps down from position at Honest to pursue new endeavors
"Honest has been a true labor of love for me," the "Fantastic Four" actress said of the personal care company she founded in 2012.CBS News - Entertainment -
S&P and Nasdaq Extend Losing Streaks
U.S. stocks ended mixed as the Dow Industrials posted small gains, while the S&P 500 and Nasdaq declined for a fifth straight session.The Wall Street Journal - World -
Builder-confidence index stalls in April as mortgage rates hit 7%. Buyers are ‘back on the fence waiting for interest rates to fall,’ one builder says.
Builder sentiment stayed flat as rates sapped some home-buying demand, the National Association of Home Builders said.MarketWatch - Business - Mortgage -
EU Report Backs Telecom Consolidation, Strong Energy Market
Yahoo News - World - European Union -
Bassitt gets 2nd straight victory as Blue Jays win 3-1, hand Yankees first back-to-back losses
Chris Bassitt pitched into the seventh inning to win his second straight start, Alejandro Kirk reached base three times and the Toronto Blue Jays beat the Yankees 3-1, handing New York consecutive losses for the first time this seasonABC News - Sports - MLB -
Caitlin Clark entering WNBA: Diana Taurasi, more players share opinions on Fever's soon-to-be No. 1 draft pick
Clark, the former Iowa star who'll be drafted first overall Monday, is already sparking conversation within the WNBACBS Sports - Sports -
College Football Top 100 Players of 2024: SEC crowds top 10, Colorado star at No. 1 in spring rankings
Former All-American and first-round NFL Draft pick Blake Brockermeyer evaluates and ranks the top 100 players entering this seasonCBS Sports - Sports - College Football -
2024 NFL Draft: Why the first defensive player taken could be historically late in Round 1
Will we see history on night 1?CBS Sports - Sports - NFL -
Coyotes players reportedly told team is moving from Arizona to Utah
The Coyotes have been struggling for years to find a new arena.Yahoo Sports - Sports -
Banned NBA Player Jontay Porter Pulled From NBA 2K24 Roster
After receiving a lifetime ban for gambling on NBA games, Toronto Raptors player Jontay Porter will no longer appear in NBA 2K24. The forward-center reportedly bet on his own team to lose at one point as well as revealed private health information ...GameSpot - Tech - NBA -
Hotspots turn not-spots as the rural housing market cools
As the work-from-home bubble bursts, Londoners who bought out of town during the pandemic are finding selling up a slow businessFinancial Times - World -
Gary Player wants to roll the golf ball back a lot: 'There are no more par-5s!'
Player said he'd like to see the golf ball rolled back as much as 60 yards.Yahoo Sports - Sports -
Alibaba founder Jack Ma steps out from shadows with long internal post
Alibaba co-founder Jack Ma has penned a rare lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a sign that he may be willing to take a more active role after spending the last few years out of the ...Yahoo Sports - Sports -
Arkansas hires John Calipari to coach the Razorbacks, a day after stepping down from Kentucky
Arkansas has hired John Calipari as men’s basketball coach, a day after the Hall of Fame coach stepped down from the Kentucky program he led to the 2012 NCAA championshipABC News - Sports -
Honest Co. shares dip 7% after Jessica Alba steps down from company she founded
Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.MarketWatch - Business -
POLL ALERT: Back-to-back champion UConn finishes at No. 1 in first men's AP Top 25 to be released after March Madness
POLL ALERT: Back-to-back champion UConn finishes at No. 1 in first men's AP Top 25 to be released after March MadnessABC News - Sports -
The highs, lows and absolute absurdities from Year 1 of the NBA's Wemby Era
Victor Wembanyama, the most hyped phenom in a generation, put up a rookie season for the ages. We look back at the most memorable moments.ESPN - Sports