Mortgage rates have dropped to record lows on eight separate occasions in 2020 so far, as the coronavirus pandemic has roiled the global economy. But could they eventually drop to 0%? Well, if past precedent is any indication, there’s indeed a chance. Freddie Mac FMCC, +0.70% deputy chief economist Len …
Read More »Market Extra: Here’s what a falling U.S. dollar means for the stock market
The U.S. dollar is looking shaky. Barring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts said. The ICE U.S. Dollar Index DXY, -0.36%, a measure of the currency against a basket of six major rivals fell …
Read More »Mortgage rates keep falling to record lows — so is now a good time to refinance?
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% reported that mortgage rates hit a new record low for the fourth time this year, with the average rate …
Read More »Colleges balance student safety with falling revenues during coronavirus — here’s how universities will be transformed in the fall
It’s safe to say college will be a very different experience for students this fall than what they imagined. But right now, that’s pretty much all they can be sure of. As the coronavirus pandemic swept the country this spring, colleges almost uniformly moved students from lecture halls and dorms …
Read More »Cannabis Watch: Aurora Cannabis stock is falling as CEO steps down, ‘sweeping’ cost-cutting plan announced
Aurora Cannabis Inc. late Thursday said that Chief Executive Terry Booth is retiring amid “sweeping changes” for the Canadian licensed producer, the latest pot company to cut costs amid a cash crunch in the sector. Aurora outlined a “business transformation plan” in a lengthy statement that detailed job cuts and …
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