Month: May 2020

Getty Sure, mortgages today are historically cheap, but that doesn’t mean you’re going to land a great deal: Getting a mortgage isn’t as easy as it used to be.  Indeed, mortgage rates have fallen to all-time lows. Freddie Mac’s weekly rate survey for the second week of May found that interest rates on 30-year mortgages
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It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading
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San Francisco’s real estate market is expected to recover quicker than Los Angeles’ Getty Real estate industry experts discuss California’s real estate market. I checked in once again with Compass California President Mark McLaughlin and CoreLogic’s Deputy Chief Economist Selma Hepp. The conversation focuses on the Bay Area and Southern California markets. In 2018, McLaughlin
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U.S. law enforcement authorities on Wednesday arrested two American men, including a former special forces soldier,  wanted by Japan for their alleged involvement in helping former Nissan Motor boss Carlos Ghosn escape that country in December. The U.S. Attorney’s Office for the District of Massachusetts said that Michael Taylor, 59, and 27-year-old  Peter Taylor, 27,
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Target‘s digital sales fueled first-quarter gains, but the big-box retailer’s earnings results Wednesday showed it paid a hefty price for that growth as labor costs rose and sales of higher-margin items like apparel dropped. Shares were down nearly 3% Wednesday afternoon. Target stores have remained open across the country during the coronavirus pandemic, but the
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Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Check out the companies making headlines after the bell. Expedia — The travel booking platform’s stock whipsawed and climbed 4% in extended trading after the company gave its first-quarter financial results. Expedia reported a loss of $1.83 per share on revenue of $2.21 billion, while analysts expected
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On Friday, President Donald Trump announced a “massive scientific, industrial, and logistical endeavor” called “Operation Warp Speed,” to find, manufacture and distribute a proven vaccine against Covid-19, hopefully before the end of the year.  To achieve this “great national project,” as Trump called it, will take a collaboration of American businesses, scientists, the federal government
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Ricky Sandler, founder and chief executive officer of Eminence Capital LP, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A hedge fund chief who had a bullish view of the stock market when
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Tracy Singleton, owner of Birchwood Café in Minneapolis, Minnesota, remains cautious about reopening. “I don’t feel safe having people walk into my environment yet,” she says. Tracy Singleton Like many small business owners, Edgar Comellas, owner of Aces Wild Entertainment in Florida, has seen business grind to a halt since March. His company, which arranges
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