The mortgage market experienced a significant shift last week as mortgage rates plummeted to their lowest level since March. This led to a sudden surge in demand for refinancing among homeowners looking to take advantage of the favorable rates. According to the Mortgage Bankers Association, applications to refinance a home loan soared by 15% compared
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Adidas shares jumped up after the company announced a significant increase in its full-year 2024 earnings guidance. This news came following a strong performance in the second quarter, surpassing expectations. The German sportswear giant is now anticipating its operating profit to hit around 1 billion euros by the end of 2024, a notable increase from
The International Monetary Fund recently issued a warning regarding the increase in upside risks to inflation. According to their latest World Economic Outlook update, the IMF highlighted that the momentum of global disinflation is slowing down, which may lead to challenges along the way. One of the key factors mentioned in the report was the
Gold prices hit a record high on Tuesday, reaching $2,465.30, fueled by the growing anticipation of a September interest rate cut. This surge in demand for bullion was further ignited by the softening inflation data in June and dovish comments from Federal Reserve Chair Jerome Powell. As a result, markets are now pricing in a
The housing market in Delaware seems to be offering average affordability, but with the added benefit of very low property taxes. This combination makes it an attractive option for homebuyers looking for a good deal. With an effective tax rate of less than half a percent, Delaware homeowners are paying one of the lowest rates
The 2023 Gallup poll on workplace engagement revealed some disheartening statistics – only one-third of employees are engaged, while approximately 50% are not engaged and 16% are actively disengaged. These numbers highlight a concerning trend where more and more employees are exhibiting signs of disengagement in the workplace. One manifestation of this disengagement is the
Bank of America reported second-quarter earnings that surpassed expectations, with earnings per share coming in at 83 cents compared to the 80 cents estimated by analysts. The revenue also exceeded expectations, reaching $25.54 billion, slightly higher than the $25.22 billion estimate. Despite a 6.9% year-over-year decline in profit to $6.9 billion, the bank’s performance in
New Balance, a well-known athletic brand, has recently announced a multiyear deal with the Women’s National Basketball Association (WNBA) to become an official partner. This partnership marks a significant step for New Balance in expanding its presence in the world of women’s sports. The agreement with the WNBA will cover broadcast, digital, and retail content,
The Social Security Administration is currently in the process of updating its online services, and it is crucial for account holders to take action. Particularly for those who created their online “my Social Security” account before September 18, 2021, the agency is urging individuals to log in and transition to a Login.gov account. This transition
Luxury fashion brand Hugo Boss recently experienced a significant downturn in its shares, with a plunge of up to 10% following a cut in its sales outlook. This decline is indicative of the broader challenges facing the luxury sector, as high-end fashion lines struggle to navigate through macroeconomic and geopolitical uncertainties. The German fashion house