U.S. stocks slumped in the final hour of trade Wednesday to end three days of gains, as investors monitored signs of a revival of the coronavirus pandemic in some U.S. states and China, while still hoping for a quick economic recovery as business activity resumes. Investors also parsed the second …
Read More »Volatile market pushes mortgage interest rates even lower
Stop us if you’ve heard this before: Mortgage interest rates just dropped to historically low levels. That has become the trend recently as market moves, and actions by the Federal Reserve, continue to not only keep rates steady and low, but push them even lower. Mortgage News Daily reported this …
Read More »Outside the Box: Debt, wealth destruction and lower pay will be coronavirus’ legacy
Policy makers often describe their approach to the COVID-19 crisis as placing the economy in hibernation or an induced coma. In that sense, the restoration of normal functioning after the patient is revived will be the true measure of success. Post-pandemic recovery will experience effects that persist after the initial …
Read More »DIY Upper and Lower Cabinet Lighting
I finally finished up one of the last items on my list for the kitchen renovation. I called this room done last fall, but I did have a couple little things left on my list. I was happy to get this upper and lower cabinet lighting knocked off! (Edited to …
Read More »Futures Movers: U.S. oil heads 7% lower as Monday meeting of major producers gets delayed
Oil futures headed lower Sunday evening in electronic trade after a key meeting between oil giants Saudi Arabia and Russia was tentatively shifted to Thursday instead of Monday, amid rising tensions between the world’s biggest oil producers over the weekend. The Organization of the Petroleum Exporting Countries and its allies, …
Read More »Metals Stocks: Gold heads lower, but looks to end higher for the month
Gold futures headed lower Tuesday, as government bond yields and the US. dollar rose, putting pressure on the metal that has gained in the month and quarter against the backdrop of the COVID-19 pandemic. Losses for gold came on the back of the latest U.S. consumer confidence data, which showed …
Read More »Coronavirus Propels Mortgage Rates Lower
3 minute read With the world in quarantine with the ongoing coronavirus pandemic, the stock market is in bear market territory, sending interest rates even lower. A year ago today, March 17th, 2019 interest rates on a 30-year fixed-rate loan was 4.25% (that’s historically low) Today it’s 3.25%! If you’re …
Read More »Market Snapshot: U.S. stocks end lower, but book weekly gains, as coronavirus cases break above 100,000
U.S. stocks finished lower Friday, but after a volatile session that saw the Dow recover about half of the day’s losses and even notch a gain for the week as investors watched cases of COVID-19 climb above 100,000 globally while and oil prices tumbled by the most in five years. …
Read More »Samsung prices cheapest new Galaxy smartphones at $1,000, even after Apple went lower on iPhone
Samsung Electronics Co. Ltd. announced a new lineup of its popular Galaxy smartphones Tuesday, with a base price of $ 1,000 that is moving in an opposite direction of rival Apple Inc.’s iPhones. The South Korean electronics giant unveiled three Galaxy S20 phones with 5G connectivity and better cameras, ranging …
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