Recently, the average rate on the 30-year fixed mortgage has plummeted significantly to 6.4%, marking the lowest since April 2023. Additionally, the 15-year fixed rate has dropped to 5.89%, the lowest level seen since early May 2023. This sudden decrease is a result of a weaker-than-expected monthly employment report, causing bond yields to fall rapidly.
As the market experiences a significant sell-off, there are several stocks that have been pushed into oversold territory. This situation may potentially set these names up for a rebound in the near future. The S & P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw declines of more than 2% each, signaling fears
As the market experienced a significant sell-off last week, with the Dow Jones Industrial Average dropping nearly 500 points and other major indexes following suit, investors are left wondering about the future. The fear of a recession looms large, causing panic among traders. However, amid the market turmoil, there may be some stocks that are
The recent decision by the Bank of England to cut interest rates for the first time in over four years has had a ripple effect on the mortgage market in the UK. Major high street lenders such as HSBC, Santander, and Nationwide have wasted no time in slashing their mortgage rates in response to the
The global financial markets are currently experiencing growing risk-aversion, leading to some safe haven flows into the dollar. This trend has resulted in most Asian currencies moving within a tight range as investors seek some stability in the face of uncertain market conditions. Despite the risk-off sentiment, the Japanese yen has managed to remain steady,
As tensions continue to escalate in the Middle East, with recent events such as the assassination of Hamas political leader Ismail Haniyeh in Tehran and the subsequent vow of retaliation from Iran, it is crucial for investors to consider diversifying their portfolios with assets such as gold and oil. The threat of a potential wider
In a world where digital currencies are becoming increasingly popular, the announcement of ChainwireGoMining’s native asset, the GOMINING token, being listed on the BingX crypto exchange comes as a significant development. This move not only opens up new opportunities for users but also showcases the growth and recognition of Bitcoin mining in the market. Let’s
The Louisiana Public Facilities Authority is set to price $1.33 billion in Baa3-rated toll bonds for a public-private partnership aimed at replacing the Calcasieu River Bridge. The project is being managed by JPMorgan and Wells Fargo, with Foley & Judell serving as the bond counsel. The bonds are scheduled to have maturities ranging from 2054
Eli Lilly’s recent late-stage trial data on their weight loss drug, Zepbound, has shown promising benefits for patients with a common type of heart failure and obesity. This adds to the growing evidence that Zepbound, along with other GLP-1 drugs, may have broader health benefits beyond weight loss and regulating blood sugar levels. Benefits of
Moderna recently reported second-quarter revenue that exceeded expectations but simultaneously slashed its full-year sales guidance. The reasons cited for the decline in expected sales include lower anticipated sales in Europe, as well as a challenging competitive environment for respiratory vaccines in the U.S. Additionally, the potential for deferred international revenue until 2025 has further compounded