‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that. As mortgage rates rose in the last quarter of 2022, Americans found the cost of homeownership increasingly challenging, adding hundreds of dollars in interest to their potential monthly mortgage payment. […]
Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion […]
Mortgage demand falls 9% despite rates falling for fourth week in a row
The numbers: The housing market is not out of the woods yet, as mortgage demand fell again despite an improvement in rates. Despite mortgage rates dropping for the fourth consecutive week, mortgage demand fell 9% in the latest week. Demand for both purchases and refinancing fell. That pushed the market composite index down, a measure […]
The airline rewards programs that give the most value
Airline reward programs offer a simple proposition: If you fly with our airline a bunch, you’ll get paid back in the form of miles or points that can be used for future travel. Yet understanding how many miles you’ll earn, and how much these miles are worth, can be anything but simple. These reward programs […]
‘As he reminds me, it’s not his house’: My boyfriend lives in my house with my 2 kids, but refuses to pay rent or contribute to food and utility bills. What’s my next move?
Dear Quentin, My boyfriend and I come from completely different backgrounds. I am in my mid-30s and he is 40. We both own our own homes, and had a life built prior to meeting. We have now been together for five years and we have lived only at my house for the last 2.5 years. […]
Apple couldn’t save the smartphone industry from its worst year since 2013
The personal-computer market just capped off a bad year, but the smartphone market suffered more—at least by one metric. The smartphone industry shipped 1.21 billion units during 2022, marking the lowest shipment count since 2013, according to researchers from IDC. Smartphone shipments declined 11.3% on the year. The PC market saw a steeper… Source link
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link