Markets
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T Stock Price | AT&T Inc. Stock Quote (U.S.: NYSE)
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Unsuspecting Americans hold ‘billions’ in uninsured accounts, federal agency warns. Here’s what you can do about it.
How much money do you have sitting around in a payment app? The Consumer Financial Protection Bureau issued a warning Thursday that “billions of dollars” stored in these accounts may not be safe in the event of financial distress. Use of non-bank payment apps such as PayPal PYPL, +1.44%, Venmo, and Cash App have rapidly…
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Mortgage rates rise to highest level in six months. ‘Demand is likely to weaken,’ Freddie Mac says.
The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday. That was up 22 basis points from the previous week — one…
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Who do you blame for high house prices? Nearly half of young Americans point their finger at the government.
[]As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. []Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey of 1,386 people in the U.S., aged 46 and…
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JKHY Stock Price | Jack Henry & Associates Inc. Stock Quote (U.S.: Nasdaq)
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Investors are building a record number of homes — solely to rent out. Will this hurt aspiring homeowners?
As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known…
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West Coast dockworkers accused of disrupting port operations, raising fears of shipping backups
Union dockworkers at West Coast ports on Friday were accused by their employers of engaging in “concerted and disruptive work actions,” moves that threatened operations at some of the nation’s largest import hubs. The dockworkers’ union, the International Longshore & Warehouse Union, “is staging concerted and disruptive work actions that have effectively shut down operations…
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‘We averted an economic crisis’: Biden hails debt-ceiling deal in Oval Office address
President Joe Biden on Friday hailed passage of a bipartisan deal to raise the U.S. debt limit and avoid a government default, addressing the nation from the Oval Office. “No one got everything they wanted, but the American people got what they needed,” the president said. “We averted an economic crisis and economic collapse.” Biden…
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Palo Alto Networks promoted to S&P 500, replacing Dish Network
Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index. Palo Alto Networks PANW, +0.21% shares surged as much as 5% in after-hours trading, following the announcement that Palo Alto Networks will replace Dish Network…
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TOST Stock Price | Toast Inc. Stock Quote (U.S.: NYSE)
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