Equifax stock falls as company says it’s feeling effect of weaker mortgage demand
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Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Stock gains in the summer are weaker when the market has been strong
This year there’s even less of a reason to expect a summer rally.MarketWatch - Business -
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.CBS News - Top stories - Mortgage -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Damage Control for Tesla as European Leasing Companies React to Falling Fleet Values
Major car rental firms and leasing firms have complained about Tesla's servicing and repairs for years.Inc. - Business -
Palo Alto Networks’ stock falls after earnings as forecast fails to impress
The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.MarketWatch - Business -
Peloton unveils convertible-debt refinancing, and its stock falls 3%
Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 3.3% lower in the after-hours session.MarketWatch - Business -
Ryanair chief says recessionary feeling in Europe is limiting fares
Ryanair’s chief executive blamed what he called a “recessionary feel around Europe” for the airline’s inability to increase prices very much.MarketWatch - Business -
Company insolvencies jump; Royal Mail takeover would face security review; energy cap to fall in July – business live
Tesla’s chair discusses upcoming shareholder votes on relocating to Texas and Elon Musk’s $56bn pay deal. Rishi Sunak and Akshata Murty rise up rich list as fortune increases by £120mBritish asylum housing tycoon breaks into Sunday Times rich ...The Guardian - World -
Kevin Spacey says he has 'so much to offer' after Hollywood pals demand his comeback
Kevin Spacey said in a recent interview he is 'grateful' for actors including Sharon Stone and Liam Neeson who demanded his comeback in recent interviews.Los Angeles Times - Entertainment -
Eli Lilly falls on a rival's obesity study — plus, we're removing 3 stocks from our watchlist
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Trump Media stock closes down 8.6% after posting $327.6 million loss in first quarter
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.CNBC - Business - Donald Trump -
Trump Media stock falls 10% after posting $327.6 million loss in first quarter
Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024.NBC News - Top stories - Donald Trump -
Cristiano Ronaldo says he has no plans to retire: 'I feel proud to have this age and still compete'
The 39-year-old is under contract with Saudi Arabia's Al-Nassr until 2025CBS Sports - Sports -
English universities face severe deficits if student numbers fall, says OfS
Watchdog says growth forecasts are ‘not credible’ as ministers consider further curbs on international applicationsFinancial Times - Business -
Will a mortgage scupper your retirement?
City watchdog predicts more over-65s will have outstanding home loans in the futureFinancial Times - World - Mortgage -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Cathie Wood’s ETFs have been buying up stock in this online-gaming company
Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes them much more attractive.MarketWatch - Business -
Keywords Studios’ stock surges as videogame company mulls improved £2 billion bid from EQT
The Swedish private -quity giant is considering acquiring Keywords Studios for 2,550 pence per share, in what would mark a 73% premium on its closing price Friday.MarketWatch - Business -
Cramer says these 10 stocks helped the Dow briefly crack 40,000
CNBC's Jim Cramer listed ten stocks that helped the Dow Jones Industrial Average briefly top 40,000 on Thursday, a new high for the index.CNBC - Business -
Is the meme-stock frenzy over already? Possibly, say experts.
Also, Best New Ideas in Money is back, Walmart had blowout earnings and AI is still buzzy.MarketWatch - Business -
UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.CNBC - Business - United Kingdom -
Hiker dies after falling from trail in Oregon's Columbia River Gorge, officials say
Oregon officials say a hiker died after falling from a trail in the Columbia River GorgeABC News - Top stories -
Hiker dies after falling from trail in Oregon’s Columbia River Gorge, officials say
PORTLAND, Ore. — A young woman died after falling off a cliff while hiking in Oregon’s Columbia River Gorge, officials said Monday.NBC News - Top stories -
A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company
A former OpenAI leader who resigned from the company earlier this week says that product safety has “taken a backseat to shiny products” at the influential artificial intelligence companyABC News - Tech -
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Scarlett Johansson says OpenAI ripped off her voice after she told the company not to use it in software
Scarlett Johansson's comments come after OpenAI paused the new ChatGPT AI voice "Sky."CNBC - Business -
McDonald's franchisee group says $5 value meal can't last without company investment
The $5 value meal will hit menu boards beginning June 25 and will last roughly a month.CNBC - Business -
'I will be paying my mortgage until I’m 68'
With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.BBC News - Top stories -
Bet on the middle class and M&A with these stocks as Dow nears 40,000, says value manager
Ariel Investments’ vice chairman Charlie Bobrinskoy tells CNBC that as the Dow nears 40,000, there are bargains to be found in the value space.MarketWatch - Business -
Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'
JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.CNBC - Business -
RFK Jr. says he invested $24,000 in GameStop after brief meme stock revival
RFK Jr. is the independent challenger to President Joe Biden and former President Donald Trump in the November election.CNBC - Business -
Sketchy Politics: Sunak's sinking feeling
The FT's UK political commentator Robert Shrimsley and deputy opinion editor Miranda Green sketch out Rishi Sunak's defectors, the fallout from the recent elections, and political drama in ScotlandFinancial Times - World -
Workers feel the burden of financial insecurity
Initiatives beyond pay can help tackle debilitating effects of money worriesFinancial Times - World -
Students missing school can have a snowball effect
The number of students missing at least 18 days a year has nearly doubled since 2018, sounding an alarm among educators.The Hill - Politics -
A 3-step Approach to Fostering More Effective Leaders
How to use the empowerment feedback loop all year long.Inc. - Business -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Loan or Bribe? Menendez Jurors Hear About $23,568 Mortgage Payoff.
Senator Robert Menendez’s wife never signed a loan document before a man also charged in the bribery case arranged to pay her mortgage, a witness testified.The New York Times - Top stories