The recent decrease in mortgage rates over the past few weeks has not translated to an increase in refinance applications. In fact, applications to refinance a home loan dropped by 15% last week. This decline comes after a 23% surge in demand over the past four weeks due to falling mortgage rates. It is worth
In a surprising turn of events, British technology entrepreneur Mike Lynch was cleared of fraud charges in June following a high-profile trial with Hewlett Packard. However, just two months after his acquittal, Lynch made headlines once again, this time for a concerning reason. Reports surfaced that Lynch was missing after a superyacht he was on,
Lowe’s recent quarterly sales decline and subsequent cut in its full-year forecast have raised concerns about the state of the home improvement industry and the overall economic backdrop. The company now projects lower total sales and weaker comparable sales than previously expected, citing consumer hesitation due to high inflation and looming interest rate cuts from
Elliott Management, a well-known activist investor, has been making headlines with its recent activist campaigns, particularly in the tech and retail sectors. Texas Instruments, Southwest Airlines, and Starbucks are just a few of the companies that Elliott Management has disclosed significant investments in. The firm’s approach to activism has sparked interest among investors and analysts
The recent enthusiastic reaction from Wall Street to the solid earnings report from Palo Alto Networks has raised concerns about the cybersecurity stock being overextended. The significant rally of more than 27% since August 5 has brought the stock very close to its all-time high, prompting some investors to question the sustainability of such rapid
As the race for the White House intensifies, former President Donald Trump and Vice President Kamala Harris have unveiled their economic agendas, with tax changes taking center stage. The Tax Cuts and Jobs Act (TCJA), enacted by Trump, is set to expire after 2025, potentially leading to higher taxes for more than 60% of taxpayers