The latest data from the Mortgage Bankers Association reveals that mortgage demand is now heavily skewed towards refinancing. This shift is primarily driven by a consistent decline in interest rates over the past five weeks. Although total mortgage application volume saw a marginal increase of only 1.6% compared to the previous week, the majority of
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In a recent asset allocation report by Tiger 21, it was revealed that more than half of its members have chosen not to invest in chip maker Nvidia. This decision has raised concerns among the ultra-high-net-worth investors and entrepreneurs who make up this exclusive network. Despite Nvidia’s reputation as a leader in the field of
With the return of football season, the sports betting industry is expected to reach record-breaking levels. The American Gaming Association projects that U.S. adults will wager an astounding $35 billion during this NFL season. This represents a significant increase of more than 30% compared to last year’s betting figures. Despite this tremendous growth, stock prices
CrowdStrike, a cybersecurity software maker, recently reported its fiscal second-quarter results, which exceeded expectations in terms of earnings per share and revenue. However, despite this positive performance, the company witnessed a 4% decline in its shares in extended trading. The revenue for the quarter grew by 32% year over year, with a net income of
Golden State Warriors star, Steph Curry, is not only focused on his current basketball career, but he is also looking ahead to his post-playing days. In a recent interview with CNBC, Curry discussed his aspirations and goals for the future, sharing his interests in various business ventures and potential NBA team ownership. At 36 years
Marketplace health insurance has become a crucial option for many younger retirees in the United States who are not yet eligible for Medicare. With lower monthly premiums available through the end of 2025, thanks to boosted tax breaks, more and more retirees between the ages of 55 to 64 are turning to this form of
The stock market experienced a tumultuous day as major averages stumbled, signaling the start of September on a losing note. Nvidia bore the brunt of the bearish sentiment, shedding $279 billion in market value on Tuesday. This marked the fifth instance of the stock losing over $200 billion in a single day, with a 9.5%
Zilch, a British financial technology firm, recently celebrated a significant milestone in its journey towards success. The company reported its first-ever month of profit in July 2024, just four years after its founding date. This achievement is particularly noteworthy in the highly competitive buy now, pay later space, where Zilch competes with industry giants like
China’s property market struggles and U.S. sanctions have had a significant impact on various cities across the country. The Milken Institute’s best performing cities China index has been monitoring China’s large- and mid-sized cities since 2015, focusing on their economic vibrancy and growth prospects. The latest version of the index compares data for 2023 with
Sports team owners are currently facing a unique set of challenges related to succession planning and taxes as they seek to ensure smooth ownership transitions for the next generation. With the average age of team owners increasing and team values soaring into the billions, there is a growing need for owners and leagues to address