The Consumer Financial Protection Bureau says its proposals could reduce late fees charged by credit-card providers by as much as $9 billion a year.
The Big Move: I’m 66 and have $47,000 left in my 30-year mortgage. I’ll be 90 when it’s paid off. Should I refinance to a 15-year fixed?
‘My interest rate is 3%, and it’s a 30-year fixed-rate mortgage. I pay $136 a month.’
: Splunk to lay off 4% of its staff in latest sign of software cutbacks
Splunk Inc. intends to lay off about 4% of its staff as cutbacks in the software industry intensify
Key Words: Brace for ‘tinderbox-timebomb’ market crash worse than 1929, hedge fund manager says
Universa CIO Mark Spitznagel told investors in its latest letter to brace for a market crash resembling the 1930’s Great Depression as debt balloons globally.
Earnings Results: Home buying demand picked up as new houses have become more affordable, PulteGroup says
PulteGroup stock shot up to a 1-year high after big profit and sales beats, as home buying demand has continued to improve
Earnings Results: Peloton stock clinches best day on record as CEO says ‘epic comeback’ is underway
Peloton posted a $335.4 million loss in its latest quarter, a large sum but one that indicated continued progress from its cash-burning peak
What’s Worth Streaming: Here’s everything new coming to Hulu in February 2023 — and what’s leaving
Get ready for the final seasons of ‘Snowfall,’ ‘Wu Tang: An American Saga’ and ‘Animaniacs’
Futures Movers: U.S. oil prices end at 3-week low as EIA reports a 6th straight weekly rise in U.S. crude supplies
Oil futures finish lower on Wednesday after the Energy Information Administration reported a increase in U.S. crude supplies for a sixth week in a row.
Bond Report: Treasury yields slide after Fed delivers expected rate hike
Treasury yields fall Wednesday, after the Federal Reserve delivers an expected rate hike.
Economic Report: Mortgage demand falls 9% despite rates falling for fourth week in a row
Mortgage applications fell 9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.19%