In the United States, housing represents one of the largest expenses for consumers. High rents and home prices pose challenges for those looking to save for future home purchases. However, beyond these obstacles, access to affordable credit also plays a crucial role in determining one’s ability to achieve homeownership. An estimated 50 million Americans fall
The recent drop in mortgage rates to the lowest level since March has led to a significant increase in refinancing applications. According to the Mortgage Bankers Association, there was a 15% jump in refinance applications last week, marking the highest level since August 2022. This surge in demand is even more striking when compared to
Federal Reserve Governor Christopher Waller recently indicated that interest rate cuts may be in the cards soon, provided that there are no unexpected developments in inflation and employment. He expressed optimism about a potential “soft landing” based on current data and stated that he would be closely monitoring economic indicators in the coming months to
Adidas stocks saw a significant boost after the company’s announcement of an increase in its full-year 2024 earnings guidance. The shares surged by 4.42% at 9:07 a.m. London time, showcasing investor confidence in the brand’s future prospects. Adidas reported a remarkable 11% increase in revenues for the second quarter, surpassing expectations. The company also witnessed
ASML recently reported second-quarter earnings and sales that surpassed expectations, with net sales reaching 6.24 billion euros compared to the anticipated 6.03 billion euros. Similarly, net profit came in at 1.58 billion euros, exceeding the estimated 1.43 billion euros. These figures showcase ASML’s ability to thrive in the semiconductor market, particularly as interest in artificial
The International Monetary Fund recently issued a warning regarding the heightened risks of inflation. According to the IMF’s latest World Economic Outlook update, there has been a slowdown in global disinflation, indicating potential obstacles ahead. The report highlighted the U.S. falling behind other major economies in terms of quantitative easing due to a rise in
The price of gold surged to a record high on Tuesday, reaching $2,465.30 as investors anticipated a potential interest rate cut in September. This marked a 1.5% increase from the previous high of $2,454.20 set back in May. The upswing continued as futures peaked at $2,467.30 per ounce during the trading session. Adding fuel to
New Balance recently made headlines by announcing a multi-year partnership with the Women’s National Basketball Association (WNBA), which is a significant move in the realm of women’s sports. This partnership will not only establish New Balance as an official sponsor of the WNBA but will also include collaborations in broadcast, digital, and retail spaces, featuring
The Social Security Administration is rolling out updates to its online services, and it is crucial for account holders to take action. If you created your online “my Social Security” account before Sept. 18, 2021, you will soon need to transition to a Login.gov account to access online Social Security services. These accounts provide access
When it comes to affordable housing, Delaware ranks high thanks to its low property taxes. This state offers an advantage to homeowners in terms of property taxes across the country. Even though housing affordability is average, the effective property tax rate in Delaware is less than half a percent, making it attractive to potential buyers.