Mortgage rates fall to 5% for the first time since September

Mortgage rates fall to 5% for the first time since September

Potential buyers at a Florida open house. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed-rate mortgage has dropped to 5.99%, according to Mortgage News Daily. The housing market has not seen a five-point hold since a short burst in early September. Before … Read more

Sports betting Penn reports fourth quarter profits

Sports betting Penn reports fourth quarter profits

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more

Earnings from Apple, Amazon and Alphabet are coming. This is what the stock options market is preparing for.

Earnings from Apple, Amazon and Alphabet are coming.  This is what the stock options market is preparing for.

The options market has prepared for bigger-than-usual moves in the shares of a trio of billion-dollar companies the day after they reported their quarterly results. That’s because the implied volatility, or how much a stock is expected to move in a given time period, of the stock for Apple Inc. AAPL, +2.76%, Alphabet Inc. google, … Read more

80% of employees who resigned ‘with great resignation’ regret it: new survey

80% of employees who resigned ‘with great resignation’ regret it: new survey

The “Great Regret” is the latest workplace trend sweeping the country, with the majority of professionals quitting their jobs last year, according to a new survey. 2022 was another record year for layoffs, with 4.1 million workers leaving their jobs in December, bringing the grand total for the year to more than 50 million. About … Read more

Alphabet (GOOGL) earnings Q4 2022

Alphabet (GOOGL) earnings Q4 2022

Sundar Pichai, CEO of Alphabet Inc., speaks at the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, USA, on Thursday, June 9, 2022. Kyle Grillo | Bloomberg | Getty Images Google older Alphabet will report fourth-quarter results on Thursday after the close of regular trading. Here’s what … Read more

Ford (F) Q4 2022 earnings

Ford (F) Q4 2022 earnings

Ford CEO Jim Farley removes his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine will report its fourth-quarter results Thursday after the bell. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: … Read more

US weekly jobless claims fall to nine-month low; productivity is gaining speed

US weekly jobless claims fall to nine-month low;  productivity is gaining speed

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more