The average long-term U.S. mortgage rate retreated for the ninth straight week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61 percent from 6.67 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.42 percent. Borrowing costs on 15-year fixed-rate mortgages,
NEW YORK (AP) — The S&P 500 closed out 2023 with a gain of more than 24% and the Dow finished near a record high, as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year. Stocks closed Friday with modest losses.
The global value of cryptocurrencies surged by more than $800bn (£631bn) in 2023 as investors continued to pile into the speculative assets despite a series of scandals, bankruptcies and tougher regulation. After losing more than half their value in the 12 months to December 2022, digital coins rebounded over the last year – with the
Warren Buffett, so the legend goes, reads some 500 pages a day. While you might not make it quite that far over the festive break, we hope you get a bit of time to catch up on your favourite titles. Here, Financial News runs through some of the best books we’ve read this year. Isn’t private
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin
Coinbase Global and MicroStrategy were leading a raft of cryptocurrency-related stocks higher on Wednesday. The companies were among those being boosted by Bitcoin’s rally and MicroStrategy pouring more money into the asset. Coinbase shares were up 6.1% at $182.53. The cryptocurrency exchange is trading at its highest levels since early 2022 and has outpaced the
BERLIN — Wolfgang Schaeuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis more than two decades later, has died. He was 81. Schaeuble died at home on Tuesday evening, his family told German news agency dpa
CNBC’s Jim Cramer said investors should usually wait until high-quality stocks have had a pullback before buying. But sometimes it’s worth buying some stock at the top, especially if a company engages in significant insider buying. Not to be confused with insider trading, insider buying is based on public information and occurs when executives buy
MASSENA — A moratorium on cryptocurrency mining operations in the town has been extended for another six months. With no comments during a public hearing, and by a 5-0 vote, the Massena Town Board extended the moratorium from Dec. 31 to April 30 when they met last week. The previous moratorium had expired on Dec.
They have put the middle stripe on the Mattoon-Tuscola road, and it is an interesting job to watch. The men on the job are not inviting a gallery, but there are always a few spectators who are watching the work with keen enjoyment. The broad black center stripe in the middle of the road is