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
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
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 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
Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. Tom Pennington | Getty Images New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team … Read more
The logo of Coinbase Global Inc, the largest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Coin base Shares rose after a Manhattan federal judge dismissed a class action lawsuit against the cryptocurrency exchange on Wednesday in … Read more
Here are Thursday’s biggest calls on Wall Street: JMP Downgrades Peloton on Outperform Market Performance JMP downgraded the stock primarily on valuation. “We are downgrading our rating for shares of Peloton from Market Outperform to Market Perform as Peloton met our previous price target of $16, while leaving our estimates for FY2024 largely unchanged following … Read more
Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed its expectation of a rate hike of 50 basis points, bringing the policy rate to 2.5%. In a statement, it pledged to “stay on track in significantly raising interest rates … Read more
Canadian Tammy Cecco was not a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get out,” she said, “I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher, boarded a surprise cruise her husband had booked to renew their vows … Read more
Futures linked to the Nasdaq-100 were higher on Thursday, boosted by sharp gains from Meta Platforms, Facebook’s parent company. Nasdaq-100 futures gained 1.3%. S&P 500 futures rose 0.5%. Futures tied to the Dow Jones Industrial Average fell 43 points, or 0.1%. Meta rose more than 19% in premarket trading after reporting a fourth-quarter revenue increase … Read more
