Mar 3, 2024 | Markets
More than 40% of all US mortgages were originated in 2020 or 2021, when the pandemic drove borrowing costs to historic lows and triggered a refinancing boom, according to data from Black Knight. That’s good news for all the homeowners who locked in cheap loans — but...
Mar 2, 2024 | Markets
Company may file for Chapter 11 as soon as next week Fabrics chain has been in talks with lenders for new cash Crafts retailer Joann Inc. is considering a bankruptcy filing as soon as next week as part of a deal that would hand control of the company to lenders while...
Mar 2, 2024 | Markets
The market buzz around generative AI comes with heightened scrutiny, as Google (GOOG, GOOGL) was painfully reminded for the second time. The search giant said this week that it plans to relaunch its Gemini AI image generator after some users on social media showed how...
Mar 2, 2024 | Markets
Inflation remains elevated in the US and euro-zone, supporting assertions from central bankers in both regions that it’s too soon to start cutting interest rates. The Federal Reserve’s preferred gauge of underlying inflation rose in January by the most in a year,...
Mar 1, 2024 | Markets
University of Michigan preliminary and final readings diverged Consumers still think inflation is cooling, survey says US consumer sentiment faltered in late February as current views of the economy and the outlook deteriorated, marking a reversal from earlier in the...
Mar 1, 2024 | Markets
ISM factory index declined 1.3 points in February to 47.8 New orders, production and employment measures decreased A measure of US factory activity shrank at a faster pace in February as orders, production and employment contracted, suggesting manufacturing is...
