Despite a bleak outlook for home buying, online mortgage lender Better.com has pushed ahead with its long-awaited plans to go public.
Economic Report: Home buyers flee the housing market as mortgage rates surge to the highest level since 2000
Mortgage applications fell 4.2% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.31%.
: Rite Aid stock suffers worst day in years; Twinkies and Snoballs maker Hostess is a standout on deal buzz
A pair of classic American brands had opposite days Friday as shares of one soared to their best day on record, while the other’s stock suffered its worst.
The Tell: ‘This is a no-rules market’. Goldman strategist explains why recent stock moves have confounded traders.
Option traders and funds employing complicated systematic strategies are firmly in control of the U.S. stock market, mitigating the impact of so-called fundamental news such as Nvidia’s latest blockbuster earnings report, according to a Goldman strategist.
The Margin: Trump’s mug shot could be a gold mine for his campaign — and for enterprising Etsy sellers
“My phone has been going ka-ching, ka-ching, ka-ching,” said one Etsy maker, as Trump’s mug shot pops up on T-shirts, coffee mugs, shot glasses and bobbleheads.
The Big Number: Trump’s proposal of 10% tariff would be $300 billion tax on Americans, think tank says
Donald Trump’s proposal to put a 10% tariff on all imports would be a tax hike of more than $300 billion a year on American consumers, says the Tax Foundation.
: Theft is hitting different retailers differently — this one suggests good customer service can be part of the solution
Sports-centric retailer Hibbett Sports said Friday that the hit to margins from theft wasn’t that much.
: Boeing’s 737 Max sales to China is a ‘significant positive’ for jet maker
Boeing Co.’s resuming sales of its 737 Max jets to China would be a “significant positive” development for the aerospace and defense company, helping offset the impact of newly disclosed manufacturing problems.
Washington Watch: Justice Department may be nearing charges against Sen. Bob Menendez: report
Prosecutors appear to be nearing possible charges against Sen. Bob Menendez, the culmination of a long public-corruption probe, The Wall Street Journal reports.
: Instacart files for IPO, joining crowded field of gig-economy names as markets rebound
The grocery-delivery app Instacart on Friday filed its papers for an initial public offering.
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