Mortgage rates fell sharply this week to the lowest level in more than a year, igniting a boost in demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.47% this week from 6.73%…

Eli Lilly CEO David Ricks on Tuesday quantified how much less patients taking the company’s weight-loss drug Zepbound tend to eat. “When we do calorie counting, people self-monitoring their food intake … on our medication, they’re eating about 800 calories less a day. That’s about a meal,” Ricks said in…

As former President Donald Trump and Vice President Kamala Harris unveil their economic agendas, both presidential candidates have called for tax changes that could affect millions of Americans.Taxes will be a key issue for the next president. Without action from Congress, trillions in tax breaks enacted by Trump via the…

Wells Fargo is set to sell the majority of its commercial mortgage servicing business to global loan services provider Trimont, the companies said Tuesday. The move would make Trimont the largest loan servicer in the US industry, according to rankings from the Mortgage Bankers Association. Wells Fargo’s deal to sell off its…

Sims Limited (OTCPK:SMSMY) Q4 2024 Results Conference Call August 19, 2024 8:00 PM ET Company Participants Stephen Mikkelsen – Group CEO, Director & MDWarrick Ranson – Group Chief Financial OfficerRobert Thompson – Global Chief Commercial Officer Conference Call Participants Paul Young – Goldman SachsLee Power – UBSDaniel Kang – CLSAOwen…

Clifford Chance litigator Christopher Morvillo wrote his first LinkedIn post in June, to celebrate the acquittal of his client Mike Lynch after a 12-year legal battle. “I am so glad to be home”, Morvillo wrote, signing off: “And they all lived happily ever after . . . ”That turned out to be one of…

Chicago crews installed an additional line of security fences outside the Democratic National Convention early Tuesday in the area where, a day earlier, demonstrators breached an outer perimeter fence. About a dozen workers installed a third row of fencing stretching east on Washington Boulevard from the area that was breached.…

It is not a rare thing that as wealthy aging parents decline, some relatives seem to come out of the woodwork. They may not have spoken to Mom or Dad in years. But suddenly, they are so interested. They’ve learned one way or another that the parent is “losing it”…

A surprising jobs report released last week paired with a volatile Japanese market led to a massive selloff during Monday’s trading day, with both the Dow Jones and the S&P seeing their worst sessions since 2022. In the Bureau of Labor Statistics’ most recent employment report, only 114,000 jobs were…

Student loan forgiveness hasn’t helped a swath of borrowers who say they’re still in a tight spot financially, according to a recent Wall Street Journal report. The article, published Saturday, says that, of the more than 900,000 borrowers who have had their loans forgiven either entirely or in part through…