A big quarter for AMC (AMC) showed the movie industry is finally regaining its footing after years of a stilted post-pandemic recovery. The results kick off a stacked week of earnings, with Big Tech companies Alphabet (GOOG, GOOGL) and Tesla (TSLA) highlighting the calendar. The pair, along with US chipmaker Intel (INTC), will offer a…
US stocks rose on Monday morning, with chip stocks advancing ahead of Big Tech earnings this week, while oil prices eased after touching $90 a barrel amid tit-for-tat attacks between the US and Iran over the weekend. The Dow Jones Industrial Average (^DJI) fell 0.2%, while the S&P 500 (^GSPC) added 0.3%. The tech-heavy Nasdaq…
July 20 (Reuters) – Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing its 1-gigawatt Beacon Point campus in Texas. Shares of the company, which have nearly doubled this year, rose about 5% in premarket…
By Diana Novak Jones July 20 (Reuters) – Meta Platforms faces trial in Tennessee on Monday over the state’s claims that Instagram’s design is to blame for a youth mental-health crisis, one of several trials in the coming weeks testing allegations that the company’s social media platforms were intentionally built to be addictive. Tennessee accuses…
By Hannah Lang, Milana Vinn and Manya Saini July 20 (Reuters) – Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. What happens next?…
By Caroline Valetkevitch NEW YORK, July 20 (Reuters) – Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth for the second quarter. The PHLX Semiconductor index has surged this year, reflecting…
The difference between the current home equity loan (HEL) rate and the average HELOC rate is just 2 basis points, according to Curinos, a real estate data analytics company. Especially when rates are this close, choosing the right option doesn’t come down to just rates. It’s how you plan to use your funds that will…
Understanding how equity rates work is more vital now that rates are on the move. Lenders have flexibility in pricing a HELOC or home equity loan, but your rate will depend on your credit score, the amount of debt you carry, and the amount of your loan or line relative to your home’s value. Shop…
If you’re looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster. However, not all banks offer high savings account rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
According to rates from the Zillow lender marketplace, current purchase mortgage rates are now higher than refinance rates. The current 30-year fixed-rate purchase loan is the same as the current 30-year refinance rate at 6.48%. The 15-year fixed-rate purchase is 16 basis points higher at 5.90%. Finally, the 5/1 ARM purchase is 18 basis points higher…
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