Mortgage rates are racing toward 5% as the Federal Reserve’s expected trajectory for future rate hikes becomes clearer. The average rate on a 30-year fixed-rate mortgage was 4.42% as of the week endin...
Tag: industrial news
I’m 65 and have $220K in student loan debt. I have a lot of health issues and am only working part-time. Can I somehow erase this debt?
Remember, if you’re having difficulty making payments due to low or no income, you may be eligible for a low or $0 payment by enrolling in an income-driven repayment plan Getty Images/iStockphoto Ques...
Aurora Cannabis to acquire TerraFarma, parent of Thrive Cannabis
Aurora Cannabis Inc. ACB, -1.37% ACB, -2.40% has reached a deal to buy Thrive Cannabis’ parent company, TerraFarma Inc., seeking to strengthen its business in market and expand focus on premium produc...
Apple Stock’s Rally Could Keep Going Thanks to ‘Stellar’ iPhone 13 Demand
Text size People shop at the Fifth Avenue Apple Store in New York. Spencer Platt/Getty Images Demand for the iPhone 13 is on track to outpace previous iPhone models, according to analysts, with the po...
Nvidia’s $1 trillion ambitions draw cheers as software becomes a bigger piece of the pie
Nvidia Corp.’s pursuit of what it sees as a $1 trillion opportunity won praise from analysts following the company’s investor-day presentation, even though the chipmaker’s stock conveyed a more muted ...
Opinion: Ukraine war is a wake-up call to ditch oil and gas forever
That invasion, and the subsequent U.S. ban on oil imports from Russia, are partly responsible, but they aren’t the only reason. According to the U.S. Energy Information Administration, the impact of t...
Stock market investors are in the danger zone. This all-weather investing strategy offers protection
We’re in a period of high inflation, with a war disrupting energy markets and the Federal Reserve raising interest rates. The murky outlook calls for a multiyear cycle of central-bank policy moves tha...
BlackBerry Valuation Makes It More Attractive. The Stock Receives an Upgrade.
Text size A logo stands on display outside the BlackBerry headquarters. Chris Ratcliffe/Bloomberg Shares of BlackBerry received a boost on Monday after analysts at RBC Capital Markets upgraded the sto...
The All-Electric Cadillac Lyriq Is Here. What It Means for GM Stock.
The Lyriq has 300 miles of driving range, via a 100-kilowatt-hour battery. Cadillac photo Text size General Motors began retail production of its all-electric luxury crossover vehicle, the Cadillac Ly...
Why Altria’s Stock Could Be a Buy and Philip Morris Isn’t
Text size Analyst Bonnie Herzog raised her rating on Altria to Buy from Neutral and her price target to $57 from $48 Fabrice Coffrini/AFP via Getty Images Altria Group has been the standout in Big Tob...
Altria Stock Is a Buy and Philip Morris Isn’t, Says Goldman Sachs
Text size Analyst Bonnie Herzog raised her rating on Altria to Buy from Neutral and her price target to $57 from $48 Fabrice Coffrini/AFP via Getty Images Altria Group has been the standout in Big Tob...
Many companies are enriching their retirement benefits
Workers may be in for a treat – some companies plan to boost their retirement benefits in the next few years, as they look to hire and retain talent, according to a new survey. U.S. employers are imp...
FAA Official Testifies Former Boeing Pilot Lied About 737 MAX
FORT WORTH, Texas—A Federal Aviation Administration training specialist said a former Boeing Co. BA -3.59% pilot lied to her about how a 737 MAX flight-control system worked before two of the jets cra...
Nvidia Has Its Investor Day on Tuesday. What to Expect.
Text size Shares of Nvidia have risen roughly 14% in the past month. Justin Sullivan/Getty Images Nvidia kicks off its investor day at 10 a.m. Pacific time on Tuesday, following a follow a keynote spe...
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Warren Buffett Does Deal Making Differently. Alleghany Acquisition Shows How.
Text size Warren Buffett Drew Angerer/Getty Images When it comes to acquisitions, Warren Buffett does things differently, and Berkshire Hathaway ’s deal on Monday for Alleghany illustrates his unique ...
Amazon Loses Round One of Indian Retail Battle Royale
Amazon AMZN 0.15% is staring at an embarrassing defeat after fighting a drawn-out legal battle to block India’s most valuable firm, Reliance Industries, 500325 -0.50% from buying the country’s number ...
T-Mobile Stock Gets an Upgrade. It Has an Edge Over Verizon and AT&T.
Text size T-Mobile’s stock was upgraded to Overweight. David Paul Morris/Bloomberg T-Mobile US shares were ticking up on Wednesday after KeyBanc Capital Markets upgraded the wireless company’s s...