A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance business. Demand is simply drying up. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
You worked hard in 2021. It’s time to step back and let our CPAs and tax experts do the hard work for you this tax season. There’s no need to spend time finding a reputable online accountant to do your taxes for you. It doesn’t matter if you are a new home owner, a busy
A rendering of Bentley’s new electric vehicle production operatins in Crewe, England. Bentley Bentley Motors plans to spend 2.5 billion pounds (about $3.4 billion) over the next decade to become a fully electric luxury brand by 2030, the 102-year-old carmaker said Wednesday. The investment will include research and development and significant upgrades to Bentley’s historic
Klarna Card. Klarna LONDON — Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card, a Visa card that lets users delay payments on their purchases, both in-store as well as online. The card is already
Thinking of borrowing for college? Don’t do it: It’s far too risky, far too expensive and, in many cases, a waste of money. These are strong, unexpected words coming from a college professor and economist. To be clear, I’m not saying anyone should give up on getting a college degree. But there is a much
Investors looking to buy in the current stormy stock market should consider prominent U.S. firms that make money, CNBC’s Jim Cramer said Tuesday. “There’s a lot of stocks that I like. I like the classic, great American companies. I think that they’re terrific,” Cramer said, citing names including Raytheon and Johnson & Johnson, whose stock
Mihtiander | Getty Images The stock market’s wild ride this week may have you questioning your retirement investing strategy. On Monday, the Dow Jones Industrial Average shed more than1,100 points before rebounding to close slightly higher. However, Tuesday’s early market activity ushered in a new triple-digit drop before the index began to bounce back midday.
In this article NAVI FFIV MSFT Microsoft CEO Satya Nadella speaks at Microsoft Developer Day in Singapore on May 27, 2016. Charles Pertwee | Bloomberg | Getty Images Check out the companies making headlines after the bell Tuesday: Texas Instruments — Shares of the semiconductor company popped more than 4% on the back of a
In this article MSFT Microsoft reported better-than-expected earnings and revenue for the fiscal second quarter. The stock dropped in extended trading. Here’s how the company did: Earnings: $2.48 per share, adjusted, vs. $2.31 per share as expected by analysts, according to Refinitiv. Revenue: $51.73 billion, vs. $50.88 billion as expected by analysts, according to Refinitiv.
Stock futures were little changed Tuesday night, following another wild session for the market. Dow Jones Industrial Average futures dropped 70 points, or 0.2%. S&P 500 futures dipped 0.2%, and Nasdaq 100 futures were off by less than 1%. Microsoft shares rose 1% in after-hours trading, after the company issued better-than-expected quarterly revenue guidance. Earlier,
Justice Ruth Ginsburg Joanne Rathe | The Boston Globe | Getty Images More than 1,000 books from late Supreme Court Justice Ruth Bader Ginsburg’s personal library are up for auction — and things are getting expensive. Bidders are spending thousands of dollars on individual items, including dense law-school textbooks marked up with Ginsburg’s own annotations,
Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital’s Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is “rat poison,” as billionaire investor Warren Buffett once described it; others think it’s the worst thing to ever happen to civilization, Scaramucci said in a “Squawk Box” interview. “Everyone