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14

First-time home buyers pounce as 30-year FHA loan rate dives below 7%

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Mortgage applications rose 2.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.18%.

12

Biden to plug $3 billion Microsoft center at Wisconsin site where Trump-touted Foxconn plant flopped

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President Joe Biden’s visit to the Dairy State on Wednesday will feature the Democratic incumbent highlighting a Microsoft expansion plan on land meant for Foxconn during the Trump era, according to a Milwaukee newspaper’s report.

11

Sweden becomes second major central bank to cut rates

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The dollar rallied against the Swedish krona on Thursday after Sweden’s Riksbank became the second major central bank to cut interest rates this cycle.

04

01

Dutch Bros stock climbs on earnings as coffee chain dodges Starbucks’ harsh selloff

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Starbucks Corp. may have been punished by the stock market last week after warning of a more cautious coffee drinker and stiffer competition — but on Tuesday, one of its smaller, more casual peers saw nothing of the sort from Wall Street.

Tuesday, May 7

23

Here’s how much income it takes to rent an apartment in New York City, Boston and other big cities

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Zillow reveals exactly how much one would need to make in annual income to comfortably pay for the exorbitant housing costs in the Big Apple and other major cities.

18

Unionized workers are seeing their pay grow faster than nonunion employees. Here’s why it might have ‘staying power.’

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Compensation growth for unionized private-sector employees shot ahead of nonunion workers in the first months of the year, according to the Labor Department.

17

European airline shares slump on price warning from Ryanair CEO

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European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.

How the outcome of Biden and Trump’s election rematch might impact stocks

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The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.

15

Consol Energy sees Baltimore terminal shut through May after bridge collapse

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Coal producer Consol Energy Inc. on Tuesday beat analysts’ lowered expectations for its first-quarter profit after the collapse of the Francis Scott Key Bridge in Baltimore shuttered a terminal that will remain closed through May, the…

04

First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff

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The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed Monday night, about two hours before it was scheduled to launch.

Monday, May 6

23

How an Israeli invasion of Rafah could rattle the oil market

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An Israeli invasion of Rafah in Gaza would likely stoke fears of a wider Middle East conflict that could endanger the flow of crude oil.

22

Oil pares gains as Hamas reportedly accepts cease-fire plan, Israel warns of Rafah invasion

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Oil prices pared some of their gains by Monday’s settlement as news reports said Hamas has accepted a proposal to halt its war with Israel in Gaza.

20

What would life behind bars be like for Trump? A judge raises the possibility of jail time.

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Experts say the judge still has options short of sending Trump to jail for contempt.

19

College commencement season in America disrupted as Columbia cancels main ceremony

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Some colleges have canceled their school-wide ceremonies, while other schools are planning for disruption.

15

Boeing’s Starliner set for historic launch that will take two NASA astronauts into space

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Boeing’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Monday, carrying two NASA astronauts to the orbiting space lab.

11

Medical Properties Trust tenant Steward files for bankruptcy protection

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Hospital chain Steward Health Care, a tenant of publicly traded Medical Properties Trust, said it’s filing for bankruptcy protection.

02

Qantas to pay A$100 million fine for selling tickets for canceled flights

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Qantas said it has agreed to pay a civil penalty of 100 million Australian dollars (US$66.1 million) to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already…

Clothing retailer Rue21 files for bankruptcy, will close all of its stores

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In a filing last week with U.S. Bankruptcy Court in the District of Delaware, Rue21 said it will close all of its stores over the next two months and hold “going out of business” sales. It will also sell its intellectual property.

Friday, May 3

00

Whirlpool says it’s planning additional layoffs under restructuring plan

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Whirlpool Corp. said Friday that it plans additional layoffs to the 1,000 it announced as part of a global restructuring plan in late April.

23

Nasdaq finally ‘warming up’ to Canadian cannabis companies with U.S. exposure. Could American growers be next?

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The Nasdaq stock exchange is “warming up” to the idea of continuing to list Canadian cannabis companies even if they have exposure to the U.S. market — and a U.S. cannabis company could be next, an analyst at Jefferies said.

18

We are careening toward a loneliness epidemic. What will we do about it?

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New research shows that as we get older, we get lonelier.

17

Airline passengers are now entitled to automatic cash refunds for canceled flights. Here’s how to get yours.

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The new rules give consumers clearer rights rather than making them rely on airlines to decide when compensation is owed, the Transportation Department said.

13

‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?

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“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”

12

‘Dreamers’ to get access to Obamacare coverage under new Biden regulation

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President Joe Biden’s administration is rolling out a newly finalized regulation that allows “Dreamers” to access health plans through the Affordable Care Act, also known as Obamacare.

Thursday, May 2

19

Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon

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The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.

15

U.S. trade deficit hovers near highest level in almost a year

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The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.

14

A U.S. ban on Russian uranium could shape nuclear fuel markets for ‘years to come’

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A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices for the nuclear fuel which has been tight on supplies.

13

I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage?

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“My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”

12

A.P. Moeller-Maersk expects Red Sea disruptions through rest of the year

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Shipping giant A.P. Moeller Maersk said it is planning to reroute cargo usually traveling through the Red Sea to the Cape of Good Hope for the remainder of the year, as it boosted financial guidance.