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The party is coming to an end at Party City. The retailer, which emerged from a previous bankruptcy last year, has again filed for Chapter 11 bankruptcy. The New Jersey-based company filed early Saturday in U.S. Bankruptcy Court for the Southern District of Texas. In the filing, Party City Holdings Inc. will “implement an orderly … Read more
Interest rates on some mortgage terms have decreased today, but most have increased. According to Zillow, the 30-year fixed mortgage rate is up by four basis points to 6.67%, and the 15-year fixed interest rate has risen by five basis points to 5.03%. The 5/1 ARM rate has inclined by three basis points to 6.71%. … Read more
The Yahoo view: An OG in the online mortgage industry, Rocket Mortgage is a good choice for borrowers who appreciate a digital application and loan process — and a 1% down payment option. Rocket Mortgage has been a massive marketing machine ever since its 2016 Super Bowl “Push Button, Get Mortgage” TV ad launched the … Read more
(Bloomberg) — Taiwan Semiconductor Manufacturing Co’s US-listed shares cost almost 25% more than those in its domestic market at the end of last week, a sign that global investors are still willing to pay up for stocks that can benefit from the AI boom. Most Read from Bloomberg The chipmaker’s American depositary receipts have long … Read more
The holiday season is a time for deep reflection. And for me this year, that has meant reflecting on some of my favorite stocks and leaders to follow. Netflix (NFLX) has come to the forefront of my mind as the year winds down, in part after seeing Beyoncé ride out on a majestic white horse … Read more
The stock market hates surprising economic news. The latest evidence: Stocks plummeted in December after Fed officials signaled that they expect to cut interest rates only two times next year — down from the four projected in September. The news triggered a sell-off that ended in a 3% drop in the S&P 500 (^GSPC) and … Read more
Quantum computing stocks have emerged as one of 2024’s hottest investment themes, with the Defiance Quantum ETF (NASDAQ: QTUM) soaring 49.4% year to date, nearly doubling the S&P 500‘s robust 24.3% gain. While widespread commercial quantum computers might take years to develop, major technological breakthroughs have sparked an early rush into what many see as … Read more