Mortgage applications rose 7% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.20%.
Futures Movers: Oil prices barely budge after EIA reports a 500,000-barrel weekly rise in U.S. supplies
Oil futures barely budge on Wednesday, with U.S. prices up by pennies after the EIA reports a weekly rise of 500,000 barrels in U.S. crude supplies.
Coronavirus Update: China’s Lunar New Year celebrations raise concerns about COVID spread, while officials say peak is past
Chinese consumers are eager to travel during the nation’s biggest annual holiday, but a wave of cases is making people nervous.
The Ratings Game: Microsoft could be the cloud sector’s ‘canary in the coal mine,’ even as AI efforts offer promise
Microsoft has big opportunities ahead in AI, but first it must contend with a cloud slowdown that threatens to envelop the broader software industry.
Outside the Box: An often-overlooked real-estate investment that could earn your portfolio better tax and income grades
Student housing is a high-demand, growing market that can generate tax-sheltered, passive income.
Earnings Results: Boeing stock falls as loss widens
Boeing narrows loss but falls short of expectations for a profit as the aerospace giant ramps up production of 737 and faces ‘abnormal costs’
Market Extra: Private equity may be up next for ETF innovation as State Street celebrates SPY
Private equity may be the next frontier for the exchange-traded-fund industry, thirty years after the first U.S.-listed ETF was launched, according to Sue Thompson, head of Americas distribution for SPDR ETFs at State Street Global Advisors.
: Retiring early can trigger financial shortfall
Retiring before age 65 increases your chances of having funds dry up.
Market Extra: Stock-market investors dump U.S. for international equities. Is it time to join in?
Investors are taking money out of U.S. equities to add to their exposure in international stock markets, betting European and emerging markets could benefit from a weaker dollar.
Metals Stocks: Gold prices tally a fifth straight session gain
Gold prices finish higher on Wednesday, scoring a fifth straight session gain to mark another settlement at the highest since April.