May 19, 2024
Home expected inflation
Investors

Lofty US stocks leave investors punishing earnings disappointments

  • April 26, 2024

By Lewis Krauskopf NEW YORK (Reuters) – Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its

Read More
Mortgage

Mortgage rates crest 7% following hotter than expected inflation numbers

  • April 11, 2024

Homebuyers are feeling whiplashed by surging mortgage rates, and their outlook just turned grimmer. The average rate on the 30-year mortgage increased to 7.37% on Thursday, a steep climb from 7.11% at the beginning of the week, according to Mortgage News Daily. The quarter-point increase comes as rattled investors respond to a hotter than expected

Read More