US stock futures jump after Apple and Amazon earnings cheer investors, while the dollar slips

Amazon stock rose sharply in pre-market trading. Amazon US futures rallied Friday as investors cheered Amazon and Apple’s second-quarter earnings. The dollar slipped after a sustained drop in US bond yields, driven by concerns about growth. Stocks have risen this week despite the Fed hiking rates hard and the release of weak growth data. US…

A baggage handler at one of Europe’s busiest airports said they were ‘petrified’ to go on vacation because of ongoing travel disruption

People wait in long queues for security at Heathrow Airport on June 1. Carl Court/Getty Images. A baggage handler told the BBC they were afraid to travel in case the airline lost their bags. He criticized the travel chaos and said it’s “like a really bad snow day, but three months of it.” There have…

Today’s mortgage and refinance rates: July 29, 2022 | Rates dropped this week

Average mortgage rates went down this week following two straight weeks of increases. The average 30-year fixed mortgage rate dropped to 5.3% from last week’s 5.54%, according to Freddie Mac. Rates have been volatile this month as investors balance record levels of inflation with the growing risk of a recession. On Wednesday, the Federal Reserve…

A Delta Air Lines flight had to make a U-turn over the Atlantic and return to New York because of a fuel problem

Delta Airlines passenger aircrafts are seen on the tarmac of John F. Kennedy International Airpot on December 24, 2021. UKI IWAMURA/AFP via Getty Images A Delta Air Lines plane had to U-turn over the Atlantic Ocean due to a fuel imbalance, per Newsweek. The flight to Ghana returned to New York after the fuel issue…

No matter what the Kremlin says, the sanctions against Russia are working and ‘catastrophically crippling’ its economy: study

While Russian President Vladimir Putin’s regime can pivot its energy markets to customers like India and China, these countries are known to be price-sensitive and will drive hard bargains. Getty Images Russia’s economy is crumbling under sweeping sanctions and a corporate exodus, a Yale study found. The study stands in contrast to economic releases from…

The dollar is closing in on its biggest monthly loss against the yen in 2 years, even as the Fed hikes interest rates aggressively

The Japanese yen is on track for its strongest monthly gain against the US dollar in three years. Thomson Reuters The yen is on track for its largest monthly gain against the dollar in two years. The dollar has slipped 1.75% month-to-date against the Japanese currency. The Federal Reserve is hiking interest rates aggressively, but…