Bloomberg News reports that the average 30-year mortgage rate plummeted last week by a figure. It is the most in more than 24 months. This helped generate the biggest advance since June in the home purchase applications.
Mortgage Rate –...
Bloomberg News reports that WeWork, a flexible workspace service provider, filed for bankruptcy Monday. The company was plagued with surging debts and is incurring huge losses from customers who have become cost-conscious.
Once the Most Valuable Startup
WeWork is regarded as...
According to Bloomberg News, the chief executive officer of Morgan Stanley, Gorman, has hinted that he will step down as Chair in 2024. He is preparing to give way to his successor. He said he would do so towards...
Bloomberg News reports that Hong Kong can still appeal to the finance stalwarts. However, as a future international dealmaking and trading hub, it is gradually waning.
Global Finance Summit
The central bank (de facto currently) of the Chinese territory is hosting,...
Bloomberg News reports that a federal jury in Manhattan found that Sam Bankman Fried, the co-founder of FTX, was guilty of fraudulent activities defrauding the lenders, customers, and investors. This verdict concluded a dramatic downfall for the entrepreneur.
The Trial
The...
Bloomberg News reports that JPMorgan Chase & Co. is looking for a prospective partner for growing its division of credit business. It aims at accelerating its push in one of the areas that is currently on the hot seat,...
Bloomberg News reports that the shares of Tesla Inc. are slated to wipe out almost one-fifth of their value in less than 14 days. It is occurring amidst surging fear that the demand for electric automobiles might be slacking.
When...
Bloomberg News reports that a protracted absence of liquidity in the digital asset market is playing an instrumental role in what appears to be beyond 10% swings in the Bitcoin price observed in recent weeks.
Scenario of the Market
The market...
Bloomberg News reports that employers in the United States will slow down their pace of recruitment in the current month. This occurred following an increase in the robust payroll earlier in the year. This indicates the strong labor market...
Bloomberg News reports that the US equity futures soared towards the end of a week of turbulence following reports from Amazon.com Inc. and Intel Corp. This has lifted some of the gloom that has settled following mixed reports from...
