Mortgage Demand Drops
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Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.CNBC - Business -
Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.MarketWatch - Business -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
What Fed Rate Moves Mean for Mortgages, Credit Cards and Student Loans
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.The New York Times - Business - Federal Reserve -
European carmakers struggle with falling demand
Industry faces headwinds including price wars and higher interest rates that have put off consumersFinancial Times - Business - Europe -
Natural Gas Falls on Weak Demand
U.S. natural gas futures settled lower with soft demand and the hefty storage overhang weighing on the market despite lower U.S. production.The Wall Street Journal - World -
Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
Protesters in Israel demand deal to secure hostages release
There were mass demonstrations in Israel as thousands of protesters blocked a highway in Tel Aviv, demanding a deal to secure the release of Israeli hostages in Gaza.CBS News - World - Israel -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
Giuliani’s Bankruptcy Creditors Demand to Know His Spending
Rudy Giuliani promised a bankruptcy court that he would limit his spending, but it didn’t take long before he broke that pledge, and by a lot.The New York Times - Top stories -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
New Haiti PM named but powerful gangs demand seat at the table
Little-known former sports minister Fritz Bélizaire appointed as 90,000 flee capital in a month. Haiti’s newly installed transitional council has chosen a little-known former sports minister as the country’s prime minister, as it presses forward ...The Guardian - World -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Tech -
AMD CEO foresees sustained growth driven by insatiable demand for AI
AMD CEO Lisa Su said it's an exciting time for the industry as the widespread deployment of AI is driving demand for computing power.VentureBeat - Tech -
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Surge in maritime violence boosts demand for private security forces
Shipowners pay for advice and armed guards as navies unable to fully protect vessels from pirates and Houthi attacksFinancial Times - Business -
Marjorie Taylor Greene Says She Wants Vote to Oust Speaker Johnson Next Week
Representative Marjorie Taylor Greene, the right-wing Republican from Georgia, excoriated the House speaker for working with Democrats to push through major bills. She said she would move ahead despite all but certain defeat.The New York Times - Top stories -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Health -
Nvidia Employees Call Founder Jensen Huang 'Demanding' and a 'Perfectionist.' Here's Why That Doesn't Bother Him
Huang agrees with employees who say he isn't easy to work for, but cites his leadership style as a feature, not a bug, of Nvidia's success.Inc. - Business -
We are hiking our price target on Eaton as demand for AI computing power heats up
Results under the hood were a bit mixed, but the positives far outweighed the negatives.CNBC - Business -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.CNBC - Business -
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.The Wall Street Journal - World -
‘Enough with the gaslighting’: Harris responds to Trump’s insistence that he doesn’t back national abortion ban – live
Vice-president calls abortion access a ‘fundamental freedom’ in Florida as state’s six-week ban takes effect. Florida’s six-week abortion ban takes effectArizona Democrats to make final push to repeal near-total abortion banGreene wrapped up the ...The Guardian - World - Abortion -
U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.CNBC - Business -
Hope Rises for New Talks on Gaza Cease-Fire as Israel Scales Back Demands
Israel reduced the initial number of hostages it wants released to 33. If Hamas agrees to attend, negotiations on a cease-fire could resume in Cairo this week.The New York Times - World - Israel -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics -
George Santos drops independent House bid
Santos, who faces numerous criminal charges, wants to remain in the public spotlight.Politico - Politics