The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.5% in the group’s seasonally adjusted composite index for the week ending June 29. Mortgage loan rate movements were mixed last week.
Shares of Snap Inc. (SNAP ) plummeted more than 20% in early morning trading to touch a new all-time low of $10.96 after the company’s latest quarterly earnings report disappointed investors on Tuesday afternoon.
Snap reported an adjusted loss of 17 cents per share, matching the Zacks Consensus Estimate and improving from a loss of 20 cents in the year-ago period. However, the company’s....More>>>
Adidas AG (ADR) (OTCMKTS:ADDYY) reported its latest quarterly results on Wednesday, unveiling a wider loss than in the year-ago quarter.
For its fourth quarter, the athletic apparel maker posted a net loss of EUR41 million ($50.7 million), more than quadrupling its year-ago loss of EUR10 million ($12.37 million). The decline was caused mostly by a one-time tax charge.
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Related MGM Macau Might Finally Be Headed In The Right Direction Cramer Advises His Viewers On....More>>>
Fellow contributor Giovanni DiMauro published a bearish take on Valeant Pharmaceuticals (NYSE:VRX) with which I strongly disagree. I’ll start by going over DiMauro’s points (between quotes) where I hold a variant view and summarize my bullish take at the end.
CEO Joseph Papa mislead investors in August when he reaffirmed guidance for the year. The company missed miserably on earnings....More>>>
Perhaps another nail in the coffin of Wells Fargo & Co. (NYSE: WFC) CEO John Stumpf. Bernie Sanders, former presidential candidate and United States Senator from Vermont wants to know if the federal agencies involved in the bank’s scandal have made referrals of material to the Justice Department.
Comments from the Sen Sanders website about a letter to Richard Cordray the director....More>>>
Gainers Loxo Oncology Inc (NASDAQ: LOXO) rose 32.7 percent to $65.00 in pre-market trading after the company reported that larotrectinib trial demonstrated 76 percent confirmed objective response rate. Dynavax Technologies Corporation (NASDAQ: DVAX) shares rose 22 percent to $7.20 in the pre-market trading session after the company on Friday presented updated data for SD-101 in combination....More>>>
This is part of a 2016 gift guide series. Read about the Gift of the Year and Gifts for Geeks.
Americans, for all our gluttony and flaws, are a generous people. We as individuals gave away nearly $260 billion in 2014, even more than the year before. That’s why in a world where 80% of the people live on less than $10 a day and most Westerners think nothing of paying $6 for a fancy....More>>>
Student debt has long been a giant thorn in Americans' collective side, and the problem only seems to be getting worse. The average graduate last year came away with $39,400 in student debt, according to Student Loan Hero. All told, Americans owe over $1.48 trillion in student loans, with an esti
We hear a lot about how Americans on the whole aren't saving adequately for retirement, but clearly, there are plenty of outliers. In fact, the number of workers with $1 million or more in their 401(k) plans jumped to 157,000 at the end of this year's first quarter, according to Fidelity. That's
National General (NASDAQ: NGHC) and AmTrust Financial Services (NASDAQ:AFSI) are both mid-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, valu