The Federal Reserve lowered the federal funds rate for the third time this year — and there may be more cuts next year. Rate cuts can be cause for celebration, particularly if you’re planning to buy a home or pay off debt. But you can also expect to earn less interest on bank deposits and … Read more
Federal Reserve Chair Jerome Powell and his colleagues lowered their benchmark interest rate Wednesday by a quarter percentage point. That will make it cheaper to get a car loan, finance a business or carry a balance on your credit card. Andrew Caballero-Reynolds/AFP hide caption toggle caption Andrew Caballero-Reynolds/AFP The Federal Reserve lowered interest rates on … Read more
MUNICH (Reuters) – Siemens AG is reviewing its majority stake in medical technology subsidiary Siemens Healthineers,, the German technology group’s Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper. The synergies with the manufacturer of MRI machines and laboratory systems are not great enough to justify a capital commitment of 45 billion euros ($46.91 billion), … Read more
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