The recent drop in mortgage interest rates to the lowest level since May 2023 has led to a surge in mortgage demand from both homebuyers and current homeowners. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume rose 6.9% last week compared to the previous week, reaching its highest level since
Asian currencies experienced a downward trend on Wednesday as the dollar made gains following recent declines. This shift in the market was particularly evident in the yen, which fell sharply after Bank of Japan officials tempered expectations of interest rate hikes. The dollar index and dollar index futures both rose by 0.3% in Asian trade,
The recent cryptocurrency market sell-off saw Bitcoin, the largest cryptocurrency by market capitalization, drop to a low of $49,050 during a trading session. Over $370 billion was wiped out from the market capitalization of all crypto assets in a span of 24 hours. This massive drop led to Bitcoin experiencing its most significant single-day decline
Disney recently announced that it will be raising prices on its streaming platforms, including Disney+, Hulu, and ESPN+. The price increases are set to take effect in mid-October, with most plans seeing a $1 to $2 increase per month. The most expensive plans for Hulu, which include live TV, will see a $6 increase per
Yum Brands, the parent company of well-known fast–food chains like Pizza Hut, KFC, and Taco Bell, faced a challenging quarter with declining same-store sales at both Pizza Hut and KFC. The impacts from the Middle East conflict and a more cost-conscious consumer have presented headwinds to same-store sales, according to Yum CEO David Gibbs. This
The U.S. dollar saw a rise on Tuesday, marking a reversal of some of the recent losses experienced by the currency. After hitting a seven-month low, the Dollar Index, which measures the greenback against six other major currencies, traded 0.4% higher at 102.907. This shift comes after a period of instability and uncertainty in the
After a long and uncertain process, the Tampa Bay Rays have finally received the green light from local governments to move forward with their plan to build a new government-subsidized ballpark in St. Petersburg, Florida. The Pinellas County Commission’s decision to commit $312.5 million from its tourist tax fund towards the $1.37 billion project has
The recent fluctuations in the exchange rate between the U.S. dollar and the Japanese yen have left traders in a state of uncertainty. The yen weakened by 0.89% on Tuesday after a sharp rise in the previous session, reaching a seven-month high against the dollar. This surge in the yen comes in the backdrop of
In recent analyst calls, Piper Sandler upgraded CrowdStrike to overweight from neutral, encouraging investors to buy the dip in the stock. Despite the challenges surrounding the global tech outage that affected millions of computers running Microsoft’s Windows operating system, CrowdStrike has the potential to make a strong rebound. Analyst Rob Owens believes that the company
During a crypto convention in Nashville, Tennessee, Donald Trump announced his plan to establish a state bitcoin reserve if elected as President of the United States. This proposal includes keeping 100% of all bitcoin currently held or acquired by the U.S. government in the future, serving as the “core of the strategic national bitcoin stockpile.”