Mortgage applications suffered another setback last week as rising interest rates dragged down demand for home loans, according to the Mortgage Bankers Association. For the week ending July 10, MBA’s Market Composite Index—a measure of total mortgage loan application volume—shed 2.7% on a seasonally adjusted basis from one week earlier. “Mortgage applications declined as the 30-year fixed…
It’s impossible to argue with the S&P 500‘s (^GSPC +0.26%) performance. In the past decade, the benchmark index produced a total return of 316% (as of July 13). Had you invested $10,000 back then, you’d have $41,600 today. This is a historically strong showing, supporting what is undoubtedly a fantastic track record. Those market participants…
Warren Buffett got lucky — or at least that’s what he says. The legendary investor and Berkshire Hathaway chairman underlined just how fortunate he’s been during a rare interview aired by CNBC on Wednesday. Buffett said that “out of eight billion people, I may be one of the 10 luckiest in the world.” He’s lucky…
Morgan Stanley: I'm Moving To The Sidelines Despite A Solid Q2 (Downgrade)
Gold rates in India jumped sharply on July 15, 2026, due to slide in US dollar and softer-than-expected US CPI data. Also, the surge in yellow metal is after two consecutive day’s decline. 24 carat rose by at least 7,700 in 100 grams, while 10 grams reached around Rs 143,500 mark. However, crude oil prices…
The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 again, despite a small uptick in the number of homes that changed hands in June.
Carrington Mortgage Services and artificial intelligence fintech Kastle struck an agreement to deploy the latter’s AI agents for servicing operations, including in customer-facing roles at its contact centers. Processing Content The AI agents, which have the ability to handle collections and provide real-time responses to clients based on analysis of data and past interactions, will…
Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP over the next 30 years….
22% of U.S. residents moving to a different state cited better weather as a factor in their move, the most commonly cited reason, per a new Redfin survey. Nearly as many people, 21%, are looking to move out of state due to concerns about climate change. Weather and climate concerns are more common reasons for…
Bitcoin (BTC) saw three-week highs on Wednesday as US inflation data beat expectations for a second day. Key points: Bitcoin sees copycat bullish price action as US inflation data cools for a second day running. Risk assets get a more positive outlook as Fed rate-cut odds drop. Traders stay conservative over Bitcoin’s ability to continue…