Economy

Mortgage rates leap to 22-year high

The average rate on the benchmark 30-year fixed mortgage climbed to 7.23% this week, the highest since 2001, according to the latest data from Freddie Mac.

Nike shares on longest losing streak ever

Nike shares have fallen for 10 straight days as a series of retailers deliver bad news, adding to existing headwinds in both the U.S. as well as abroad for the sporting goods giant.