Weekly mortgage demand jumps again as interest rates fall just below 7%
Mortgage demand surged higher for the second straight week, after the average rate on the 30-year fixed dropped below 7%.
Trump clinches delegate majority for GOP presidential nomination, setting up Biden rematch
President Joe Biden clinched the Democratic nomination with a delegate majority earlier Tuesday night, NBC News projects.
Biden talks up Social Security in courting Teamsters endorsement
During the private meeting, Biden drew attention to Trump’s recent comments about Social Security, said a Teamsters board member who was in attendance.
GM hires ex-Tesla, Google exec to replace retiring head of manufacturing
Gerald Johnson, executive vice president of global manufacturing and sustainability, will be replaced by Jens Peter “JP” Clausen, a former executive with Tesla.
Larry Ellison is $15 billion richer after Oracle’s best day on stock market since 2021
Oracle shares soared almost 12% on Tuesday, lifting Larry Ellison’s wealth by over $15 billion.
IBM is slashing jobs in marketing and communications
IBM on Tuesday told employees in a roughly seven-minute meeting that it’s cutting jobs in its marketing and communications division.
Frontier’s newest upsell: Empty middle seats, more legroom at the front of the plane
Frontier has started to sell seats at the front of the plane with blocked middle seats, starting at $49.
New York AG questions Trump cash reserves as $464 million judgment looms
Donald Trump’s finances could be strained by his other legal battles, including an $83.3 million penalty for defaming E. Jean Carroll, AG Letitia James argued.
JPMorgan is staying steadfastly bearish, saying market ignoring substantial risks
The Wall Street firm has stuck to its bearish outlook even as this year’s rally had the S&P 500 shooting past many strategists’ year-end targets.
Now comes the hard part for the Fed to achieve its goal of getting inflation to 2%
The Federal Reserve has a few more bridges to cross before it can finish the so-called last mile of its effort to bring down inflation.
