Articles

Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon

The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.

Shell to focus on share buybacks to boost stock over New York listing, CEO Wael Sawan says

Shell committed to a $3.5 billion share-buyback program after it beat expectations.

‘Is this 1980 or 2024?’: The housing market has déjà vu — but don’t expect a crash

High mortgage rates are a ride that many U.S. homeowners have been on before. Ditto soaring home prices.

Oil prices struggle for direction on rise in U.S. supplies, Middle East cease-fire talks

Oil futures saw mixed trading Thursday, with U.S. and global benchmark prices struggling for direction but on track to post notable prices losses for the week.

Micron, GM join Big Tech on this list of 20 biggest winners this earnings season

Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.

AMC enjoying box-office ‘outperformance’ amid post-pandemic recovery, says B. Riley

AMC’s debt burden is also in the spotlight ahead of its full first-quarter results next week.

Wendy’s stock jumps as it points to successes in advertising

Wendy’s highlighted the impact of same-restaurant sales growth, advertising, franchise royalty revenue and its share-buyback program on its results.

Shake Shack beats profit expectations as sales trends improve each month

Shake Shack Inc. on Thursday reported first-quarter profit that beat expectations and nudged up its full-year outlook, as improved margins helped offset revenue and same-Shack sales that came up a bit short.

9 places to retire where you can go back to college practically free

What will you do in retirement? Whatever piques your interest, there’s probably a class for that.

Kellanova’s profit falls short of estimates but company strikes bullish tone

Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”

U.S. trade deficit hovers near highest level in almost a year

The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.

Apple is set to throw billions more in cash at investors as its stock slumps

Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.
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