The recent drop in mortgage rates has been significant, with the average rate on the 30-year fixed mortgage falling to 6.4% – the lowest rate since April 2023. This decrease in rates has also been seen in the 15-year fixed rate, which dropped to 5.89%, its lowest level since early May 2023. These changes have
Business
Morgan Stanley, a major player in the world of wealth management, has recently made a groundbreaking announcement to its financial advisors. The firm will now allow its 15,000 financial advisors to offer bitcoin ETFs to eligible clients. This move marks a significant shift in the landscape of Wall Street, as it positions Morgan Stanley as
Recent late-stage trial data released by Eli Lilly showed promising benefits of their weight loss drug Zepbound in patients with a common type of heart failure and obesity. This new information is significant as it suggests that Zepbound, along with other GLP-1 drugs, may have additional health benefits beyond weight loss and blood sugar regulation.
Moderna, a leading biotech company, recently reported second-quarter revenue that exceeded expectations. However, they had to lower their full-year sales guidance due to various challenges in the market. One of the main reasons cited for the reduction in revenue projections was the lower expected sales in Europe. This, coupled with a “competitive environment” for respiratory
Ford Motor has recently introduced the 2025 Ford Maverick, a small pickup truck that has been redesigned to include more advanced technology, new performance options, and hybrid models. This updated version of the Maverick boasts a range of new features, including refreshed exterior and interior styling, a 13.2-inch center touchscreen, and connectivity features such as
Boeing recently announced the appointment of Robert “Kelly” Ortberg as the new CEO, replacing Dave Calhoun. Ortberg brings with him a wealth of experience from leading major aerospace supplier Rockwell Collins and will be tasked with navigating Boeing through a series of challenges in the wake of safety and manufacturing crises. Ortberg’s appointment as CEO
The groundbreaking drug Leqembi has shown promising results in slowing the progression of Alzheimer’s disease in patients over a period of three years. The need for long-term treatment has been highlighted by new data released by Japanese drugmaker Eisai. However, the study’s findings raise questions about the potential risks and benefits of sustained use of
Spirit Airlines, a Florida-based carrier known for its budget air travel options in the U.S., is making a significant shift in its business model. In light of recent challenges such as a blocked takeover by JetBlue, engine recalls, and intense competition in the domestic market, the airline is introducing new packages for its highest-priced tickets.
The Farnborough Airshow, one of the biggest events in the aerospace industry, took place this year with a notable absence of massive airplane orders. This shift in focus from huge orders to production struggles at Boeing and Airbus highlights the challenges faced by the industry in ramping up airplane production post-pandemic. The issues, ranging from
McDonald’s is facing a tough time as it struggles to recapture consumers with attractive deals after a challenging second quarter. U.S. President Joe Erlinger mentioned in a memo that the company is finding it hard to sell diners on affordability. This indicates a disconnect between the brand and consumer preferences, which is worrying for a