It’s almost as if falling mortgage rates are becoming hum-drum, at least for homebuyers. Total mortgage application volume increased 1.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 40% higher than a year ago, largely because lower mortgage rates are strengthening the refinance market. Rates have
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According to reports in the crypto press Thursday, cryptocurrency exchange Binance is talking to Facebook about getting involved in the social media giant’s upcoming Libra project. Finance Magnates says it spoke to Binance at the FinTech Junction event in Israel on Thursday, with the exchange’s CSO, Gin Chao, saying that early discussions have taken place with Facebook over a
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Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove
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According to CoinTelegraph, one of the world’s largest crypto exchanges, Binance, is in “official” talks with Facebook regarding the latter’s new Libra coin. The exchange’s strategy officer, Gin Chao, told BlockTV yesterday that the company is “very excited” about the Libra project. What we know so far, according to Chao, is that the talks “have
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Puerto Rico’s May revenue was the highest of any May on record. The net revenue of $922 million was 19.9% above the November 23 projection for May revenues. The November projection was itself an increase from the Puerto Rico Oversight Board’s projections associated with its June 28, 2018-approved fiscal 2019 budget. The government is now
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Chicago will terminate $1.4 billion of short-term borrowing programs, saving the city about $22 million in fiscal year 2020, Mayor Lori Lightfoot said Thursday. The termination of the lines of credit and commercial paper programs resulted from improved cash flow forecasting and reporting done by the city, the mayor said. The $22 million in savings
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When we last discussed the most likely path forward for the SPDR Gold Trust ETF (NYSEARCA: GLD) on May 12, 2019, valuations in the fund came in at $122.67. Since then, metals markets have exhibited a clear reversal of fortune and posted gains of 8.76%. This more than doubles the performance of the SPDR S&P
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Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
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SonicX, a unique blockchain platform that provides trust, top-notch security and efficiency has developed an exceptional payment gateway that facilitates not only peer-to-peer transactions but also a tokenized system for content storage and online gaming. Businesses, organizations, and individuals have been struggling with trust, security, and privacy since the advent of the Internet. These problems
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