Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
US states and local governments are selling debt at a record clip, borrowing more than $500 billion so far this year as the need for infrastructure and airport upgrades mounts.
The Trump administration has suggested that state prosecutors don't have jurisdiction to investigate federal officers, while Minnesota officials have said they don't trust the federal government to investigate itself.
In trading on Friday, shares of Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (Symbol: IVR.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $2
Mortgage applications continued to decline even as mortgage rates finally moved lower. The Mortgage Bankers Association (MBA) reported a 5.3% drop in total application volume for the week ending October 16, despite the first weekly decline in mortgage rates in more than two months. The average 30-year fixed mortgage rate fell to 7.41% from 7.50% the previous week. That improvement wasn't enough to revive demand, with both purchase and refinance applications moving lower. The seasonally adjusted Purchase Index fell 7% for the week and was 18% below year-ago levels . Refinances fared somewhat better, declining 2%, though activity remained 59% lower than a year earlier. “Purchase applications fell 18 percent behind last year's pace, as higher rates are pricing buyers out of the market,” said MBA's Joel Kan, who also noted that adjustable-rate mortgages remain an option for qualified borrowers looking for lower rates. ARMs held steady at 10.5% of applications , with rates nearly a full percentage point below the 30-year fixed average. The refinance share of total applications increased to 39.0% from 37.7% the previous week. That shift came despite the decline in refinance volume, reflecting the steeper drop in purchase applications. Mortgage Rate Summary:
30yr Fixed: 7.41% (from 7.50%) | Points: 0.75 (from 0.83)
15yr Fixed: 6.73% (from 6.87%) | Points: 0.73 (from 0.90)
Jumbo 30yr: 7.33% (from 7.49%) | Points: 0.60 (from 0.70)
FHA: 7.13% (from 7.19%) | Points: 1.15 (from 1.21)
5/1 ARM: 6.46% (from 6.54%) | Points: 1.11 (from 1.13)
Tulum tiene un aeropuerto prácticamente nuevo, pero cada vez menos vuelos. El combustible está elevando los costos de las aerolíneas, amenazando sus planes de capacidad y complicando incluso la salida a bolsa de Abra, dueño de Avianca y Gol. (Source: Bloomberg)
In trading on Friday, shares of Prospect Capital Corporation's 5.35% Series A Cumulative Preferred Stock (Symbol: PSEC.PRA) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $1.3375), with shares changing hands as low as $13.79 on the day. This
Diplomatic organizations in Central Asia have been targeted by a sophisticated new Unified Extensible Firmware Interface (UEFI) bootkit called BlackX.
The activity, which singled out diplomatic entities in Tajikistan, Uzbekistan, and Turkmenistan in early 2026, is suspected to be orchestrated by a China-linked state-sponsored hacking group known as APT41, Kaspersky said in a technical report