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High mortgage rates and a lack of inventory continued to plummet the housing market, according to the latest report by the real-estate brokerage Redfin. New listings of homes for sale declined 19% year-over-year during the four weeks ending May 7, Redfin reported. “But despite the inventory crunch, pending sales have increased…

Potential homebuyers and a slim number of current homeowners are trying to take advantage of easing borrowing costs.  Mortgage applications rose over the past week 7.2% on seasonally adjusted basis, according to data, released Wednesday, from the Mortgage Bankers Association’s Market Composite Index, a measure of mortgage loan application volume. Although…

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets, and is a leading service provider for financial advisors, among the top exchange-traded fund asset managers and one of the biggest banks.”It would be fair to characterize Charles Schwab as a…

Check out the companies making headlines in midday trading.Virgin Galactic — Shares of the space company soared 16.5%. On Thursday, the firm set its first commercial space tourism flight for this month. The company, which was founded by billionaire Richard Branson, completed its final test spaceflight in May.iRobot — The…

Rebels with ties to Islamic State have been accused of killing dozens of pupils in an attack on a secondary school near Uganda’s border with the Democratic Republic of Congo. Ugandan authorities blamed the atrocity on five members of the Allied Democratic Forces, or ADF, an Islamic extremist group that…

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