Mortgage Rates Surge: Highest in 23 Years
Mortgage rates have surged to a 23-year high this week, with the average 30-year fixed mortgage climbing to 7.31% from 7.19% the previous week, according
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Costco Gold Bars in High Demand, Selling Out Within Hours
When one thinks of Costco, images of bulk toilet paper and oversized televisions likely come to mind. However, Costco has been quietly making waves in
Money Traders’ Tactics Impact Wall Street Dynamics
The ongoing two-month selloff in US stocks is poised to intensify further as a combination of factors, including the stance of options dealers on Wall
JetBlue Airways Faces Q3 Revenue Challenges
On Thursday, JetBlue Airways, a major US carrier, issued a cautionary statement regarding its third-quarter (Q3) revenue, indicating that it was likely to land at
Kraken Dives into Listed Stocks and ETFs Trading
In a strategic move to diversify its portfolio, cryptocurrency exchange giant Kraken is set to venture into the realm of traditional finance by offering trading
Spending Slowdown: BofA Credit Cards Show Impact
Bank of America (BofA) recently released new data indicating a 0.3% decrease in spending on its credit cards for the week ending September 23, compared
EIA Forecasts 1% Drop in Electricity Prices
In a recent revelation, the Energy Information Administration (EIA) has forecasted a noteworthy 1% drop in US residential electricity prices for the upcoming year. This
Silicon Valley Bank: OIG Exposes Oversight Failures
The Federal Reserve’s Office of Inspector General (OIG) released a scathing report on Thursday, highlighting failures by the Federal Reserve Board and the Federal Reserve
Government Shutdown Threat Looms for Biden Administration
In the event of an impending government shutdown, the Biden administration has confirmed that a crucial flow of economic data will abruptly cease, potentially affecting
Sam Bankman-Fried Faces Lengthy Sentence, Judge Warns
Indicted founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, could be looking at an extended sentence if convicted, U.S. District Judge Lewis Kaplan cautioned
