Mortgage demand from homebuyers drops 10% as interest rates jump
Mortgage demand dropped last week after interest rates increased. Rates continued moving higher this week, portending a slowdown in the spring market.
This energy giant is the ‘leader of the pack’ and set to jump more than 20%, UBS says
The firm expects that interest in companies with high free cash flow and shareholder returns will buoy the stock, among other reasons.
Amazon lays off some employees in its advertising unit
The layoffs are part of the previously announced job cuts that are expected to affect 9,000 employees.
Biden, first lady earned nearly $580,000 in 2022, tax filing shows
The couple paid $137,658 in federal income tax, a tax rate of 23.8 percent.
Netflix may shrug at writers’ strike after slashing content spending in first quarter
Netflix cut its spending on content by more than $1 billion during the first quarter.
Why India is so important to Apple
India is a massive market with an expanding middle class to power sales growth, and potentially a home base for the production of millions of Apple devices.
Majority of Americans say Trump’s indictment won’t affect their vote, CNBC survey finds
Nearly 6 out of 10 participants in the CNBC All-America Economic Survey said former President Donald Trump’s indictment would have no effect on how they vote.
United Airlines posts net loss but forecasts profit for second quarter
United reported a loss for the first three months of the year but forecast a profit for the second quarter, when the peak summer travel season picks up.
Federal court strikes down a California city’s natural gas ban
The decision could have ramifications for similar efforts by other cities and counties in California to ban natural gas appliances in new buildings.
Ritholtz’s Josh Brown says the defense sector is having a breakout moment
The defense sector has a “guaranteed source of demand,” according to Ritholtz Wealth Management CEO Josh Brown.
