The 30-year fixed mortgage rate stepped slightly higher, while both the 15-year and 5/1 ARM rates eased lower today, according to the Zillow lender marketplace. Rates have been surprisingly calm so far this week, considering recent bond market volatility. The average 30-year fixed rate is 6.55% today, Wednesday, August 19, 2026, up two basis points…
Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates of 4% or higher. Read on for a snapshot of CD rates today and where to find the…
In mid-August, chipmaking giant Nvidia announced a $500 billion effort to jointly finance the AI boom alongside Wall Street’s biggest investment banks, but not everyone is a fan of this development. Jeff Gundlach, the founder and CEO of Los Angeles-based DoubleLine Capital, was skeptical about the $500 billion fund, saying it “will not likely age…
HONG KONG, Aug 19 (Reuters) – Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic pace of fundraising by global technology companies. The U.S. tech giant raised the amount by issuing 3-, 5-, 10- and 20-year bonds, the…
Aug 19 (Reuters) – Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese customers has been particularly strong, but Samsung has been…
Equinor is making its first entry into Namibia after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 from Harmattan Energy Limited, a Chevron subsidiary. PEL 90 covers Block 2813B in Namibia’s offshore Orange Basin and includes a drill-ready prospect that is scheduled to be tested in 2026, Equinor said Tuesday. The…
NEW YORK (AP) — U.S. stocks rose Wednesday after the U.S. Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies also helped support Wall Street. The S&P 500 climbed 0.2% for its first gain in four…
Australian oil and gas producer Santos reported a better-than-expected first-half profit despite a year-on-year decline, as higher costs associated with the start-up of Barossa LNG and Pikka offset increased production and broadly stable revenue. Underlying profit fell to $397 million from $508 million a year earlier, while net profit after tax declined to $355 million…
Ocean freight spot rates have skyrocketed by over 400%, but surprisingly, demand isn’t the primary cause. This SONAR Update breaks down how capacity control and strategic blank sailings by concentrated ocean carriers are driving prices. Plus, we dive into the state of trucking tender rejections, rising operating costs, and the shift towards a more regulated…
Klarna (KLAR) stock plunged on Tuesday after the consumer financing firm reported second-quarter earnings that topped views but the company lowered guidance. Shares in rival Affirm Holdings (AFRM) dipped on the news. Sweden-based Klarna reported an adjusted per-share profit of 1 cent versus a 14-cent loss a year earlier. Revenue climbed 27% to $1.04 billion….
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