Junk-rated issuers are facing a cliff of $1.87 trillion of debt that comes due from 2024 to 2028, according to new reports from Moody’s.
: U.S. mortgage rates hit 23-year high and home prices show few signs of cooling, but Redfin says ‘all hope is not lost.’ Why?
The U.S. housing market has become unaffordable for many aspiring homeowners, priced out by either high home prices or high mortgage rates.
Economic Report: U.S. 30-year mortgage rates rise to 7.57%, the fifth straight week of increases
Mortgage rates continue to be at their highest level since December 2000.
: Hormel’s stock drops 8% after workers ratify contracts with wage increases
The contract includes the largest wage increases in company history, according to the United Food and Commercial Workers International Union.
Help My Career: Why Claudia Goldin’s Nobel Prize is such a big win for women — and men
‘We see ripples of her impact through lots of different fields,’ one economist told MarketWatch.
The New York Post: Trump tells Florida audience Hezbollah is ‘very smart’ and suggests U.S. and Israel share blame for Hamas and Hezbollah attacks
2024 Republican presidential frontrunner suggests public expressions by Israeli and U.S. officials of concerns about Hezbollah strike from Lebanon prompted rocket launches.
: Infosys’s stock dives after another disappointing earnings report
Infosys’s stock was hit hard Thursday after the India-based IT consultant topped second-quarter revenue expectations but trimmed its full-year growth outlook.
: Walgreens misses profit expectations, provides downbeat full-year outlook
The drug-store giant will close some less profitable stores as it looks to cut costs by at least $1 billion.
Realtor.com: ‘Avatar’ star Zoe Saldana lists her beautiful Beverly Hills estate for $16.5 million
: TransUnion to pay $23 million to settle complaints of inaccurate tenant reports
Regulators obtained a settlement that will require credit reporting agency TransUnion to pay $23 million to settle charges over inaccurate tenant reports.
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