Mortgage rates drop again, creating opportunity for homebuyers: Freddie Mac
The average rate for a 30-year fixed-rate mortgage fell to 6.33% for the week ending Jan. 12, according to Freddie Mac's Primary Mortgage Market Survey.
The markets and the Martin Luther King Jr. holiday: Here's what you should know
Monday is the second market holiday of the new year as trading gets put on hold in recognition of the Martin Luther King Jr. holiday.
Experts debate benefits of quiet hiring: 'Temporary solution,' 'nothing new about it'
A new trend known as "quiet hiring" has divided business leaders and HR pros, with some arguing that it will help workers negotiate for higher pay and benefits.
Bitcoin on a roll to start the new year
After a dismal year in 2022, bitcoin has started off the new year gaining 24%, while rising in 13 of the last 15 days.
Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse
Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
Bank of America CEO sees 'mild recession' in 2023 and is preparing for worse
The U.S. economy is likely headed for a recession in 2023, according to Bank of America CEO Brian Moynihan, who is preparing for a mild downturn this year.
Bank earnings beat expectations despite ‘headwinds’, JPMorgan CEO ‘prepared for whatever happens’
JPMorgan Chase, Citibank, Wells Fargo, and Bank of America earnings reports on Friday beat expectations
Wells Fargo suffered 50% profit loss during the fourth quarter
Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.
New conforming loan limits create additional housing supply: Zillow
The Federal Housing Finance Authority (FHFA) increased its conforming loan limits, making an additional 2 million homes eligible to be financed by mortgages backed by Fannie Mae and Freddie Mac.
J&J slashes production of its unpopular COVID-19 shot
A partnership with rival Merck & Co. to help make the shots, forged at the urging of the U.S. government, hasn’t lived up to expectations. The companies are now engaged in arbitration.
Bed Bath & Beyond reportedly selling assets to private equity firm, retailer says no comment
The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.
Today’s 20-year mortgage rates remain best opportunity for interest savings | Jan. 13, 2023
Check out the mortgage rates for Jan. 13, 2023, which are up from yesterday.
Inflation drops in December – will the Fed slow interest rate hikes in 2023?
Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.
BlackRock quarterly profit slips on lower fee income
Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.
US real estate market in ‘big trouble,' expert warns
Pulte Capital CEO Bill Pulte and Thor Equities CEO Joe Sitt explain why U.S. real estate is headed towards "big trouble" in 2023 and could put "a lot of things to a stop."
House Republicans launching digital asset subcommittee after troubled year for cryptocurrency industry
The House Financial Services Committee rolled out a new subcommittee on digital assets and financial technology on Thursday after a troubled year for cryptocurrencies.
Florida man who bought mansion, Maserati using COVID funds sentenced to prison
A Florida man was sentenced to over eight years in prison for obtaining more than $7 million in COVID relief funds
LendingClub slashing headcount by 225
LendingClub Corporation is slashing its headcount by 14%, the financial services firm announced on Thursday. That will equate to 225 workers losing their jobs.
Crypto crime soars to record high of at least $20.1B in 2022
Cryptocurrency analytics firm Chainalysis reported Thursday that crypto crimes hit a record high of more than $20B last year, and the true number is likely even higher.



















