Benchmark 30-year mortgage falls below 5% for first time
The benchmark 30-year mortgage fell below 5% for the first time ever
in Freddie Mac's weekly rate survey as economic weakness continued to
push interest rates lower, the mortgage agency said.
J.P. MORGAN PROFIT FALLS MORE THAN 75%
J.P. Morgan Chase says fourth-quarter profit falls 77.6% amid
continuing write-downs and a deteriorating consumer environment.
BANK OF AMERICA REPORTEDLY TO GET BILLIONS FROM WASHINGTON
Bank of America shares lost more than a quarter of their value
Thursday and traded at 17-year lows after a report that the government
is dipping into its $700 billion bailout war chest to help the firm
digest its acquisition of Merrill Lynch & Co.
INVESTORS, ANALYSTS SOUND CAUTIOUS ON JOBS' HEALTH ISSUES
News that Apple's CEO is going on medical leave send the company's
shares down as much as 6% as analysts fret about succession planning
under the visionary tech leader.
ECB TO PAUSE NEXT MONTH AFTER REDUCING RATES TO 2%
European Central Bank President Jean-Claude Trichet signaled that
policy makers will likely take a breather in February after cutting
the euro-zone's key lending rate another half-point on Thursday to
match an all-time low of 2%.
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