Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application vol… [+2144 chars]
Target stock shed nearly a quarter of its value in just one day, the biggest one-day decline since Black Monday. This comes after the company reported much weaker than expected earnings last quarter… [+2596 chars]
The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity in key raw materials needed to make EV battery cells. "The tsunam… [+2790 chars]
Users subscribed to Netflix for more than three years represented 13 percent of total cancellations Illustration by Alex Castro / The Verge More long-term Netflix subscribers are canceling their su… [+3652 chars]
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on … [+2497 chars]
Saudi Arabias Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nations economy (and whitewashing their human rights record), has acquired a 5.01 percent stake in Nin… [+1870 chars]
Netflix announced 150 employee layoffs on Tuesday nearly one month after reporting its first paid subscriber losses in more than a decade. "As we explained on earnings, our slowing revenue growth me… [+4306 chars]
JACKSONVILLE, Fla. An outage of VyStar Credit Unions web and mobile banking platforms is now on day 5. People were lined up inside the Springfield VyStar branch Wednesday afternoon. VyStar tells us … [+2118 chars]
SAN FRANCISCO, May 18 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk said on Wednesday that while he voted for Democrats in the past, he will now vote for Republicans. "In the past I voted Democrat, b… [+2240 chars]
Billionaire investor Bill Ackman has weighed in on the implosion of the Terra "stablecoin," saying he thinks of it as a "crypto version of a pyramid scheme." Ackman, the CEO of Pershing Square Capi… [+1817 chars]
BEIJING Goldman Sachs analysts on Wednesday cut their forecast for China's GDP to 4% after data for April showed a slump in growth as Covid-19 controls restricted business activity. The new forecast… [+2217 chars]
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, Ma… [+4502 chars]
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