Mortgage rates rise as 30-year tick up after seven month low
U S mortgage rates edged higher with the benchmark 30-year rate rebounding from a seven month low. The 30 year fixed rose to 3.91 percent while the 15-year rate increased to 3.18 percent. The Associated Press data ends with a market update.
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Freddie Mac
Duke Energy grants fund STEM and literacy programs in NC
Duke Energy Foundation awards 2.7 million dollars in more than 70 education and workforce initiatives across North Carolina. Grants support STEM materials and lab projects, reading literacy, and construction trades prep for Gaston Lincoln Mecklenberg counties and surrounding areas.
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David Fountain
Farm income expected to fall for fourth straight year
The U S Department of Agriculture projects farm income to drop about 9 percent this year to 62.3 billion, down from 68.3 billion last year and far below 2013 records of 123.7 billion, as higher seed and rent costs squeeze farmers. Deere & Co cautions equipment sales may fall 10 percent across the sector in the United States and Canada amid weak prices and reduced purchases.
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U.S
U.S. Department of Agriculture
Deere & Co
States
Canada
Nike to focus on 12 cities in 10 countries for growth
Nike said its main focus will be 12 key cities in 10 countries, expecting them to drive over 60 percent of projected growth through 2020. Shares fell 3.2 percent on Thursday, while the stock is up 4 percent for the year. Thursday's close was $52.90, per FactSet.
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Nike
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