Mortgage rates rise as Powell stays bullish on economy
U.S. long term mortgage rates climbed this week with the 30 year fixed at 3.75 percent and the 15 year at 3.2 percent. Fed Chair Jerome Powell told Congress the economy should continue growing with no elevated recession risk, keeping rates steady unless the outlook shifts materially. Mortgage applications rose 9.6 percent for the week ended Nov 8, fueling a homebuying surge. WeWork posted 1.25 billion dollars in Q3 losses while revenue jumped 94 percent to 934 million as it expanded to 625 locations. Daimler plans 1.4 billion euro in cost cuts over three years amid EM issues and US-China trade tensions affecting car exports.
MENTIONED IN THIS ARTICLE
Washington
U.S
Freddie Mac
Federal Reserve
Jerome Powell
Congress
Powell
Fed
Mortgage Bankers Association
New York
WeWork
Associated Press
Berlin
Daimler
Ola Kallenius
London
Mercedes
Dpa
Kallenius
China
United States
Cuban leader declares US pressure failing to pry Cuba
President Diaz Canel in Caimanera says the Trump era embargo hardening fails to force concessions as Cuba, facing fuel shortages, resists. He praises steadfast unity and vows continued advancement despite tightening sanctions. The visit marks his first to the town near Guantanamo Bay.
MENTIONED IN THIS ARTICLE
Cuba
Miguel Diaz-Canel
Caimanera
Diaz-Canel
U.S. Naval Base
Guantanamo Bay
Associated
Ismael Francisco
Miguel Diaz- Canel
Trump
Far East
U.S
Latin America
Donald Trump
Venezuela
Nicolas Maduro
Guantanamo
States and Cities Push Net Neutrality Amid Court Ruling
The D C Circuit upheld an FCC 2017 decision allowing ISPs to manage traffic, stirring public opposition to corporate control. States Hawaii Montana New Jersey New York Rhode Island Vermont have moved to enforce or enact net neutrality rules, while over 100 mayors push for open access by tying contracts to neutrality standards.
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Comcast
Verizon
D.C. Circuit Court of Appeals
Federal Communications Commission
Hawaii
Montana
New Jersey
New York
Rhode Island
Vermont
California
Oregon
Washington
New Hampshire
San Francisco
Edmond
Oklahoma
FCC
Netflix
China lifts ban on U S chicken amid trade talks
China ends a five year ban on U S poultry in a gesture amid tentative Phase 1 talks with Washington. U S officials praise the move as helpful for farmers while Beijing seeks tariff rollbacks and continued talks on ending the trade war.
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Washington
China
U.S
United States
America
Robert Lighthizer
Beijing
Sanderson Farms
Tyson Foods
Pilgrim’s Pride
Donald Trump
Jeff Moon
China Moon Strategies Consultancy
White House
Commerce Ministry
Gao Feng