The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders. On The Mortgage Front Freddie Mac reported the 30-year fixed-rate mortgage averaged 5.27 percent, up from last week when it averaged 5.10 percent. The 15-year fixed-rate mortgage averaged 4.52 percent, up from last week when it…
Housing Beat: 30-year Mortgage at 13-year High; Major Lenders in LinkedIn Spat
States Sue Biden Administration for ‘Pressuring and Colluding’ With Big Tech to Censor Free Speech
May 6, 2022
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bidenBusiness & EconomyCompaniesconstitutional rightsDemocratsExecutive BranchFeatured TopicsFederal-State RelationsMedia & Big TechPolicies & ImpactsPoliticsUSUS News
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Two Republican-led states have filed a lawsuit against President Joe Biden, White House press secretary Jen Psaki, Dr. Anthony Fauci, and other top administration officials for allegedly pressuring and colluding with social media giants with the aim of censoring and suppressing free speech. Missouri Attorney General Eric Schmitt and Louisiana Attorney General Jeff Landry filed…
Berkshire Buys More Occidental Shares, Boosts Stake to 15.2 Percent
Warren Buffett’s Berkshire Hathaway Inc has bought another 5.9 million shares of Occidental Petroleum Corp, boosting its stake in the oil company to about 15.2 percent. The purchases were made on Monday and Tuesday and cost about $336 million, Berkshire said in a regulatory filing on Wednesday night. Following the purchases, Berkshire owned 142.3 million…
NYSE-Owner ICE to Buy Black Knight in $13.1 Billion Deal
New York Stock Exchange parent Intercontinental Exchange said on Wednesday it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion. ICE’s cash-and-stock offer of $85 per share is a premium of nearly 34 percent to Black Knight’s close on Tuesday. The deal’s enterprise value is about $16…
LIVE UPDATES: Russian Fighting Destroys, Damages Nearly 400 Hospitals, Medical Centers: Zelenskyy
The latest on the Russia–Ukraine crisis, May 6. Click here for updates from May 5. Russian Fighting Destroys, Damages Nearly 400 Hospitals, Medical Centers: Zelenskyy Russia’s invasion of Ukraine has devastated hundreds of hospitals and other medical institutions and left doctors without drugs to tackle cancer or the ability to perform surgery, President Volodymyr Zelenskyy said. Zelenskyy…
LIVE UPDATES: Russian Fighting Destroys, Damages Nearly 400 Hospitals, Medical Centres: Zelenskyy
The latest on the Russia–Ukraine crisis, May 6. Click here for updates from May 5. Russian Fighting Destroys, Damages Nearly 400 Hospitals, Medical Centres: Zelenskyy Russia‘s invasion of Ukraine has devastated hundreds of hospitals and other medical institutions and left doctors without drugs to tackle cancer or the ability to perform surgery, President Volodymyr Zelenskyy said. Zelenskiy…
LIVE UPDATES: Russian Will Not Use Nuclear Weapons in Ukraine: Foreign Ministry
The latest on the Russia–Ukraine crisis, May 6. Click here for updates from May 5. Hungary’s Orban Rejects EU Ban on Russian Oil A European Union embargo on Russian oil would be equivalent to dropping an “atomic bomb” on Hungary’s economy and could thus not be accepted, the country’s prime minister said on Friday. Speaking…
Western Australia Looks to Market Clean Hydrogen to Europe
May 5, 2022
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AustraliaBusiness & Economyeconomic policieseconomyEuropeJoint Declaration of Intentrenewable hydrogenRussia-Ukraine WarWestern AustraliaWorldWorld Hydrogen Summit 2022
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Western Australia’s (WA) state government has revealed it is looking to partner with European countries to harness the state’s renewable hydrogen potential with the Minister for Hydrogen Industry, Alannah MacTiernan, travelling to Germany and the Netherlands to promote the state’s renewable hydrogen potential. As part of her trip, the minister will take part in the World Hydrogen…
Australia Rolls-Out New Sanctions Targeting 110 Russian MPs, Separatists
May 5, 2022
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AustraliaBusiness & Economyeconomic policiesEuropeInternationalRussiaRussia-Ukraine WarsanctionsWorld
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The Australian government has continued pressuring Russia authorities following the announcement of a tranche of sanctions targeting another 110 individuals, including Ukrainian separatists from the regions of Donetsk and Luhansk and members of the Russian Duma or Parliament. In reiterating Australia’s unwavering support for Ukraine, the Department of Foreign Affairs and Trade (DFAT) said 34…
US Labor Productivity Plunges at Fastest Rate Since Late 1940s
The Bureau of Labor Statistics (BLS) released its quarterly “Productivity and Costs” report on Thursday, attesting to a 7.5 percent decline in nonfarm productivity—the fastest drop seen since the third quarter of 1947. The BLS report attests to two simultaneous trends that have become manifest in the most recent financial quarter. On one hand, total…
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