Monthly Archives: July 2022

Global shares struggle as investors weigh up chances of a mega Fed rate hike and downbeat earnings

Throughout the past couple of decades, there have been periods where there has been a Goldilocks economy, sometimes after there has been a recession or during a period of economic recovery. Ozgur Donmaz/Getty Global shares wavered as investors mulled the chances of a supersized rate hike from the Federal Reserve. Consumer spending data later could…

Homebuyers in China are refusing to keep paying mortgages for unfinished apartments, adding to the cash crunch in the sector that could spread globally

Ongoing pandemic curbs are slowing the construction and completion of homes in China. Zhang Peng/Getty A growing number of homebuyers in China are refusing to pay mortgages on unfinished apartments. COVID lockdowns have slowed construction activity and delayed the completion of homes. The payment boycott could worsen an existing debt crisis in China’s property sector….

Liquid nitrogen leaked onto wetlands around SpaceX launch pad before rocket test explosion, federal regulators confirm

SpaceX CEO Elon Musk next to SpaceX’s first orbital Starship SN20 is stacked atop its massive Super Heavy Booster 4 at the company’s Starbase facility near Boca Chica Village in South Texas. JIM WATSON/AFP via Getty Images There was a liquid nitrogen leak at SpaceX’s Texas launch site, federal regulators told Bloomberg. An aerial video…

Today’s mortgage and refinance rates: July 15, 2022 | Rates trend back up

Average mortgage rates increased this week, following two consecutive weeks of decreases. The average 30-year fixed mortgage rate is now at 5.51%. Average 15-year fixed and 5/1 adjustable mortgage rates also increased.  Rates started the week relatively high but trended down when the Bureau of Labor Statistics released its latest Consumer Price Index data. The…