Today’s mortgage refinance rates climb upward — though one key rate holds steady | October 23, 2020

Check out the mortgage refinancing rates for October 23, 2020, which are up since last week — with one exception. (iStock) Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage refinance rates have moved upward since this time last week, though rates for 30-year fixed-rate refinances have held firm. Continue Reading Below 30-year fixed-rate refinance: 3.000%, the […]

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ExxonMobil CEO warns of job cuts coming for employees in US, Canada

Oil billionaire Harold Hamm: Biden presidency could run up gas prices, double electric bills Oil billionaire Harold Hamm discusses the presidential election’s impact on the energy sector and the state of the U.S. economy. ExxonMobil Chairman and CEO Darren Woods warned that job cuts are coming for employees in the U.S. and Canada as part of an ongoing plan announced earlier this year to […]

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Microsoft Earnings: What to Look For

Key Takeaways Analysts estimate adjusted EPS of $1.55 vs. $1.38 in Q1 FY 2020. Intelligent Cloud revenue is expected to post healthy gain, but at slower pace than a year ago. Revenue growth is expected to decelerate sharply amid COVID-19 pandemic. Microsoft Corp. (MSFT) stock has performed well in 2020, rising about 35% YTD and dramatically outpacing the market overall. […]

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China’s revival is propping up the global economy

China's economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice. The expansion reported is close to the numbers China chalked up before COVID-19 tore through national and global commerce. Gross domestic product rose 4.9 per cent in the third quarter from a year earlier. While that's less than […]

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Justice Dept.Files Antitrust Suit Against Google

Key Takeaways U.S. DOJ files an antitrust suit against Google. Suit alleges that Google uses anti-competitive practices in online search and advertising. Eleven state attorneys general joined the suit as plaintiffs. The U.S. Department of Justice has filed an antitrust lawsuit against Google, alleging that the online giant engaged in anticompetitive conduct to preserve monopolies in search and search-advertising. The […]

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IBM Q3 Profit Meets View, Revenues Beat Street

International Business Machines Corp. (IBM) Monday reported an earnings for the third quarter that was in line with estimates, while revenues surpassed Wall Street analysts expectations, driven by growth in cloud sales. Armonk, New York-based IBM reported third-quarter profit of $1.70 billion or $1.89 per share, up from $1.67 billion or $1.87 per share last year. Excluding items, IBM’s adjusted […]

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Furloughed B&H workers accuse company of discrimination

Some furloughed employees at B&H Photo Video fear that they recently lost their jobs for good — and claim it’s because they reported unsafe working conditions during the coronavirus outbreak. After complaining about the company’s handling of the pandemic back in March — including packed indoor prayer services for its ultra-religious Jewish workers — some workers have spotted what look […]

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Discover CEO sounds warnings on white collar job loss

You can’t separate coronavirus crisis and economy: Hilsenrath The Wall Street Journal global economics editor Jon Hilsenrath on the coronavirus pandemic’s impact on the economy. Discover Financial Services Chief Executive Officer Roger Hochschild is sounding the alarm about the growing loss of white collar jobs. Continue Reading Below “I’m really worried about unemployment,” Hochschild said in an interview with Bloomberg Television. […]

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