The mortgage landscape in the United States has recently taken a drastic turn, with interest rates climbing to their highest point since February. This surge isn’t just a numbers game; it reflects an uneasy climate for potential homebuyers and those looking to refinance. As the Mortgage Bankers Association recently reported, total mortgage application volume plummeted
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In an era dominated by social media and viral trends, the concept of the “infinite money glitch” exploded into the public imagination last August. This phenomenon, where individuals exploited a loophole allowing them to withdraw from fraudulent checks before the money bounced, has caught the financial world off guard. What unfolded has not only led
United Airlines has taken a bold stand in an increasingly murky economic landscape by maintaining its full-year profit forecast while simultaneously acknowledging the realities of a potential recession. While their decision to provide alternate earnings guidance is strategically sound in theory, it reveals a distressing truth: the future is complicated and nearly impossible to predict.
The financial sector in the United States is experiencing turbulent times, with traditional growth stocks like Apple and Adobe standing out as distinct beacons of hope amidst the gloom. While the entire market suffers, rattled by tariff fears and economic uncertainty, these tech giants have emerged as relative stability zones for investors. It’s a stark
In the aftermath of severe natural disasters, one would expect the federal government to mobilize its resources to aid states in distress. Yet, the recent denials of disaster recovery funding to Washington and North Carolina illuminate a disconcerting trend in FEMA’s operations. With both states devastated by calamities during the fall, the inability of this
The global investment landscape is fraught with unpredictability, particularly in our current climate dominated by political upheaval and fluctuating market conditions. The ongoing saga of tariffs and trade wars represents not merely a financial strategy but a broader commentary on international relationships. Amid this turmoil, astute investors must sift through the noise to identify companies
In a move that has ignited fierce debate across the political landscape, California Governor Gavin Newsom recently signed Assembly Bill 100, a supplemental budget bill allocating an eye-popping $2.8 billion to fund higher-than-expected costs associated with the state’s Medi-Cal program. While health care for the less fortunate is undeniably important, this expansion raises serious questions
The recent financial report from Goldman Sachs has sparked a wave of discussions regarding the resilience of American banking amidst turbulent economic winds. On Monday, Goldman disclosed earnings that exceeded analysts’ expectations, showcasing a notable earnings per share of $14.12 on revenue of $15.06 billion. These figures indicate a robust 15% profit increase compared to
Jay Olson, the deputy comptroller for public finance in New York City, paints a vivid picture of the recent chaos rattling the financial markets. With a career in public finance spanning over two decades, Olson has navigated through numerous crises such as 9/11, the Great Recession, and COVID-19. Yet, the current market turmoil felt like
The once-invincible “Magnificent Seven” stocks, which have recently endured a disappointing downturn in 2025, are now beginning to reignite investor interest. These tech giants—Amazon, Nvidia, Apple, Alphabet (Google’s parent company), Microsoft, Tesla, and Meta Platforms—previously enjoyed a meteoric rise, propelling many investors into profit-laden territory. However, as valuations dip back to pre-AI boom levels, it