Articles

Stock-market pessimism is climbing. Why it’s still not bad enough to imply stocks hit a bottom.

Stocks could have more room to fall before they touch bottom, says Tom Essaye, founder of Sevens Report Research.

Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%

Mortgage applications fell 2.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage stood at 7.24%.

Roche prepares for business after boom from COVID-related products

The Swiss pharmaceutical company reiterated its outlook, predicting single-digit growth this year, following an end to the slump in COVID-19-related sales.

AT&T sees a big subscriber boost — and also beats on free cash flow

AT&T delivered a sharp boost in free cash flow for the first quarter, while delivering a beat on that closely watched metric.

Social Security’s COLA formula could change under new proposal — and mean higher benefits for seniors

Using a different index to measure Social Security’s cost-of-living adjustment could better reflect senior spending

Hong Kong’s Hang Seng hits 2024 high as traders warm to ‘un-investable’ China stocks

Hong Kong’s Hang Seng index jumped 2.2% Wednesday, to close at its highest since late November as a rebound in China-related stocks picked up steam.

Airlines to give automatic cash refunds to flyers under new Biden regulation

The Biden administration has rolled out a new regulation that aims to make airlines provide automatic cash refunds to passengers owed such compensation.

U.S. housing market is ‘chaotic’ — and faces one of its biggest tests, Re/Max founder says

The housing market is facing a significant hurdle in the form of higher rates, brokerage chairman says.

‘I racked up $45,000 in credit-card debt making home repairs’: Should I refinance my $1.5 million house or take out a personal loan to pay it off?

“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”

U.K. communications equipment supplier surges on SpaceX pact

Shares of a U.K. communications equipment company surged on Wednesday on a deal to supply SpaceX with products for the Starlink platform that will give the Elon Musk-run company the option to buy up to a 10% stake.

Kering shares plunge as Gucci slowdown seen hitting profits by up to 45%

Kering blamed slow sales at Gucci, particularly in Asia, for a 10% drop in its first quarter revenue

8 important facts you should know about taking a road trip in an electric car

A trip in an electric Audi to see the eclipse yields some valuable lessons.
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