Mortgage Rates Are Climbing Again: What It Means If You’re House Hunting
After a spring dip, mortgage rates have moved sharply higher, pushing more buyers toward adjustable-rate loans. Here’s what to consider before you lock in a rate.
America’s Housing Market Splits in Two: Luxury Sales Climb as Starter-Home Buyers Get Squeezed
A widening gap between luxury and entry-level housing is reshaping the U.S. real estate market, as affluent buyers keep spending while first-time buyers face mounting affordability pressure.
Strait of Hormuz Deal Uncertainty Keeps Global Oil Markets on Edge
Uncertainty over a potential deal to reopen the Strait of Hormuz is driving sharp swings in oil prices and rippling through global markets from Asia to Wall Street.
SpaceX Insider Lockup Expiry Tests Investor Appetite as Hundreds of Millions of Shares Hit the Market
SpaceX’s first major insider lockup expiration since its June IPO put retail and institutional demand to the test, even as the stock trades well below its debut price.
S&P 500 Wavers Ahead of Key Inflation Data as Oil Spikes on Middle East Tensions
Markets pulled back to start the week as traders positioned ahead of Wednesday’s CPI report, while a flare-up in Strait of Hormuz tensions sent oil prices higher.
Iran Issues New Demands to US Before Reopening Strait of Hormuz
Iran issued new demands to Washington over the weekend — including a port blockade lift, troop withdrawal, and war damages — before it will fully reopen the Strait of Hormuz, as the UAE reported one of its ships was struck by an Iranian missile.
Berkshire Hathaway Earnings Rose as Greg Abel Deploys Cash Hoard
Berkshire Hathaway earnings rose last quarter as CEO Greg Abel began deploying Warren Buffett’s massive cash reserve, offering an early signal of how Berkshire’s capital strategy may shift under new leadership.
S&P 500 Hits Record High as Weak Jobs Data Cools Rate Fears
The S&P 500 closed at a record 7,758 after a weak July jobs report cooled expectations of further Fed rate hikes, capping the market’s best week since April as the Nasdaq rebounded over 10% from its recent correction.
Senate Confirms Todd Blanche as Attorney General in Narrow 50-49 Vote
The Senate confirmed Todd Blanche as attorney general by a narrow 50-49 vote early Saturday, after Sen. Bill Cassidy’s last-minute support offset opposition from fellow Republicans Susan Collins and Lisa Murkowski.
Costco’s $14 Million Settlement: How to Claim Up to $500
Costco agreed to a $14 million settlement over its email practices. Eligible members can claim up to $500, but the claim deadline is August 24 — here’s how to check your eligibility.