Updates

Lower mortgage rates are getting a response from both existing and prospective homeowners, if slowly. The seasonally adjusted index published by the Mortgage Bankers Association shows that mortgage demand increased 2.8% last week over the previous week. That marked the second week in a row of gains. The average contract interest rate for 30-year fixed-rate […]

Tuesday saw a judge rule in favor of Paramount Global on a few claims made by Warner Bros. Discovery in a lawsuit filed earlier this year regarding the streaming rights to the popular animated series “South Park.” Justice Margaret Chan of the New York State Supreme Court ruled that Paramount had not broken any state

The positive economic data this week appears to have given the markets the green light for the Federal Reserve to begin aggressively lowering interest rates next year. Traders went into a frenzy when they saw signs that the rates of consumer and wholesale inflation had significantly decreased from their peaks in mid-2022. The most recent

Walmart, a discount retailer that typically outperforms its competitors, will release its quarterly earnings on Thursday. Based on consensus estimates from LSEG, formerly Refinitiv, here’s what Wall Street anticipates from the retailer: Expected earnings per share: $1.52 Expected revenue: $159.72 billion Investors have bet that the big-box retailer has what it takes to boost sales