Mortgage demand slips despite another drop in interest rates
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.83% from 7.07%.
10-year Treasury yield hits lowest since July
The 10-year U.S. Treasury yield continued its recent downward trend as traders assess the path of rate cuts from the Fed.
Tesla drivers had highest accident rate, BMW drivers highest DUI rate, study finds
Tesla drivers had 24 accidents per 1,000 drivers during the period from mid-November 2022 to mid-November 2023, according to a study by Lending Tree.
Rite Aid to be barred from using facial recognition under proposed FTC settlement
Rite Aid deployed facial recognition to catch shoplifters, but the system generated thousands of false-positive matches, according to the FTC.
Trump wipes out Biden’s lead with Latino voters in 2024: CNBC survey
Trump has a 5-point lead with Latino voters in a hypothetical matchup against Biden, according to a new CNBC All-America Economic Survey.
Unaffordable rents are linked to premature death, Princeton study finds
Renters burdened by unaffordable housing costs may be at a higher risk of dying sooner, according to a new study published in Social Science and Medicine.
VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse
Sales of VR headsets and AR glasses in the U.S. have plummeted nearly 40% this year, while Meta has invested billions of dollars into the technology
62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt rise
As the holiday season kicks into high gear, 62% of adults say they are living paycheck to paycheck, according to a recent report.
Treasury yields fall as traders assess prospects of future Fed rate cuts
The 10-year U.S. Treasury yield retreated on Tuesday, reversing course from the previous day’s trade.
Tesla to raise pay for hourly Nevada Gigafactory workers in January — move could stave off union interest
The adjustments also represent a 10% or greater raise for most hourly workers, adding anywhere from $2 to $8.30 an hour to their pay.
