Author: super@dmin
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Economic Report: ‘Many prospective buyers are waiting for the volatility in mortgage rates to subside’: Mortgage rates hit 7.08%, Freddie Mac says
The 30-year mortgage rate has not been at this level since mid-2002.
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Dow Jones Newswires: Bank of Japan’s Kuroda again cautions against sharp yen weakness
Bank of Japan Gov. Haruhiko Kuroda on Monday reiterated his caution about rapid yen weakness and promised to maintain close coordination with the government.
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Dow Jones Newswires: SoftBank Group shares fall after disappointing second-quarter results
SoftBank Group Corp. shares fell sharply Monday morning after the Japanese technology investment company posted disappointing second-quarter results and failed to announce additional share buybacks.
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: Twitter reportedly slashes more jobs, laying off thousands of contractors
Platformer’s Casey Newton first reported the layoffs Saturday, and said Sunday that about 4,400 of Twitter’s 5,500 contract workers in the U.S. and abroad had been let go
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The Fed: Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Fed Governor Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data.
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: Sen. Ed Markey fires back at Elon Musk: ‘Fix your companies. Or Congress will.’
Twitter owner Elon Musk continued to antagonize his critics Sunday, drawing the ire of a powerful senator who sits on the Commerce committee.
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: Midterm elections: Democrats hold Senate after Nevada and Arizona calls; Republicans fewer than 10 wins away from House control
Democrats are projected to keep their hold on the U.S. Senate after winning a key race in Nevada on Saturday, giving President Joe Biden’s party control of at least one chamber of Congress for the next two years.
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Crypto: FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the recent implosion of crypto platform FTX.
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: Inflation is not hurting online sales early in the holiday-shopping season
Shoppers spent $72.2 billion online in October, only slightly down from the $72.4 billion during the month last year, Adobe reported Thursday
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MarketWatch Premium: Bitcoin owners are bellyaching about its plunge, but the digital currency’s volatility is no more extreme than that of stocks
Bitcoin is currently trading at a 33% discount to fair value.