The average 30-year mortgage rate rose by 2 basis points to 3.96% on Monday, which equates to a $475.11 monthly payment per $100,000 borrowed. (A basis point equals one hundredth of a percentage point.) A month ago, the equivalent payment was higher by $1.73.
The average 15-year mortgage rate fell 3 basis points to 3.12%, equating to a $696.37 monthly payment per $100,000 borrowed. A month....More>>>
Oil prices hit a 10-year low in January 2016, but since then they rose 47%. That means the top oil stocks of 2016 saw huge returns.
To give investors an overview of how well oil stocks did in 2016, Money Morning made a list of thetop oil stocks of 2016. To make our list of the top oil stocks, we looked at companies with biggest stock price growth and market cap of at least $1 billion.
Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies,....More>>>
With the holiday season around the corner,consumers are busy searching for the products to buy while investors are busy searching for the companies whose products consumers are buying. Just a couple of week back GoPro (NSDQ:GPRO) was one such company on which investors were willing to bet as its products were likely to fly off the shelves of retail outlets. But then the things changed. While GoPro’s....More>>>
Amicus Therapeutics, Inc. (NASDAQ: FOLD) is watching its shares drop on Tuesday after the company provided an update on its regulatory pathway for its Fabry Disease treatment. After the company had several collaborative discussions with the U.S. Food and Drug Administration (FDA), Amicus plans to collect additional data on gastrointestinal (GI) symptoms in Fabry patients who have an amenable mutation.
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Charitable giving has reached historic levels in the U.S. following the 2007–2009 recession, but this generosity may mask potentially negative trends, the Institute for Policy Studies says in a new report.
Apple Inc. (NASDAQ: AAPL) and Qualcomm Inc. (NASDAQ: QCOM) began slugging it out in courtrooms around the world early this year when Apple filed suit against the chipmaker seeking a rebate of nearly $1 billion in patent royalty payments. The relationship has gone downhill ever since.
Universal basic income (UBI) is becoming respectable. Less than a decade ago, its principal supporters were weed-smoking hippies and Star Trek aficionados: serious people either laughed or sneered at it. But now, it counts among its supporters a growing number of top economists, entrepreneurs an
The Restasis patent battle between Mylan (MYL) and Allergan is heating up. Mylan heavily criticized Allergan for partnering with St. Regis Mohawks to protect the patents, calling the arrangement "desperate":
Florida based P&C insurance company trading at a 30% discount to book value of $13
Heritage Holdings (HRTG) is selling off on the Hurricane Irma headlines. The shares are now trading at $9, a 30% discount to book value of $13. The market has dumped the entire group, including peers: HC