Average Mortgage Rate Surges to a Fresh 22-Year High of 7.23%
The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.
Markets Fall Midday as Tech Rally Fades Ahead of Speech by Fed Chair Powell
U.S. equity markets fell in midday trading on Thursday, Aug. 24, 2023, as tech gains following Nvidia's earnings beat faded ahead of Fed Chair Jerome Powell's coming speech at the Jackson Hole Economic Symposium.
Dollar Tree Beats Q2 Estimates but Comes Up Short on Margins
Dollar Tree posted stronger-than-expected earnings for the quarter ended July 29, as the discount retailer benefited from higher sales at its flagship stores but was pressured by weaker margins.
Boeing and Spirit AeroSystems Shares Drop as Defect Delays 737 MAX Deliveries
Boeing and Spirit AeroSystems shares dropped as a 737 MAX quality problem delays deliveries and Boeing warned it could miss this year's delivery target.