Long-term mortgage rate hits 6.22%, hovering near its low for the year

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.6%. Borrowing costs on 15-yearContinueContinue reading “Long-term mortgage rate hits 6.22%, hovering near its low for the year”

Inflation cooled in November, but data may be distorted

At a time when Americans are frustrated and angry over the high cost of living, the government released a report Thursday showing that inflation had cooled unexpectedly in November. But economists quickly warned that last month’s numbers were suspect because they’d been delayed and likely distorted by the 43-day federal shutdown. And most Americans haveContinueContinue reading “Inflation cooled in November, but data may be distorted”

Trump Media stock price skyrockets on surprise announcement of merger with TAE Technologies

Update Thursday, December 18, 1:35 p.m.: Shares of Trump Media and Technology Group (Nasdaq: DJT) remained elevated throughout early trading on Thursday following the Truth Social parent company’s eye-opening announcement that it will merge with the privately held fusion energy company TAE Technologies. As of midday, the stock was up more than 40% to roughlyContinueContinue reading “Trump Media stock price skyrockets on surprise announcement of merger with TAE Technologies”

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