Experts say it’s “nearly impossible” for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report. Nationally, April 16 through April 22 is considered “the sweet spot” […]
FOX News
Pfizer recalls 4.2M prescription drug packages due to risk of child poisonings
Pharmaceutical giant Pfizer is recalling 4.2 million prescription drug packages for failing to meet child-resistant requirements, according to federal safety regulators. The recall involves Pfizer’s Nurtec ODT 75 mg orally disintegrating tablets sold in cartons containing one blister card of eight tablets, according to a notice posted by the Consumer […]
Barstool’s Dave Portnoy sounds off on Silicon Valley Bank rescue: ‘That’s not right’
Barstool Sports founder Dave Portnoy is bothered by the swift bailout for now-insolvent Silicon Valley Bank, which he calls a “bad business.” “When banks fail, it’s a tough one because, again, the average ‘Joe Schmo’ puts their money [in], I want to get their money back, but I don’t think […]
Mortgage rates drop to stall rising trend
Mortgage rates fell for the first time in six weeks, according to weekly data compiled by Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 6.60% as of Mar. 16, down from 6.73% recorded last week. One year ago, the 30-year FRM averaged 4.16%. Meanwhile, the 15-year fixed-rate mortgage averaged 5.9%, […]
First Republic Bank reportedly exploring potential sale after credit downgrade
First Republic Bank, a regional lender whose shares have suffered a record loss amid days of financial market turmoil, is reportedly exploring various options, including a potential sale. The San Francisco-based bank is also weighing other alternatives, including shoring up liquidity, according to Bloomberg News, citing people familiar with the […]
Berkshire-owned railway says train that derailed in Arizona was carrying corn syrup, not hazardous material
The train that derailed in western Arizona Wednesday was hauling corn syrup, rather than hazardous material, as was initially reported. The train, operated on BNSF Railway, ran off the tracks near the California border around 7:40 p.m. Wednesday. NORFOLK SOUTHERN SUED BY WIDOW OF CONDUCTOR TRAINEE KILLED IN ALABAMA RAILWAY […]
ECB backs rate hike despite banking sector chaos
The European Central Bank (ECB) lifted its three policy rates by 50 basis points for the sixth consecutive time, raising the benchmark for borrowing costs in the eurozone to 3.0% from 2.5%, the highest level since late 2008, as inflation is seen overshooting its 2% target through 2025. “Hot inflation […]
Honda recalls nearly 500K vehicles over seat belt issue
Honda has issued a safety recall for nearly 500,000 vehicles due to faulty seat belts which may fail to properly restrain the seat occupant during a crash. The company notified the National Highway Traffic Safety Administration (NHTSA) that affected models include certain 2019-2020 Acura models, the 2018-2019 Accord and Accord […]
Yellen says US banking system ‘remains sound’ in wake of recent turmoil
Treasury Secretary Janet Yellen will tell Congress on Thursday that the U.S. banking system “remains sound” after days of turmoil within the industry roiled global markets and ignited panic over a broader financial meltdown. Yellen’s testimony before the Senate Finance Committee comes days after U.S. regulators took extraordinary steps to […]
How SVB’s collapse could affect interest rates
The implosion of Silicon Valley Bank (SVB) and Signature Bank has spread uncertainty across the banking sector and has raised questions about how the Federal Reserve could proceed with interest rate hikes to curb inflation. In fact, Goldman Sachs on Sunday changed its update and now it no longer believes […]