Finance

Mortgage applications eke out 0.2% gain

It is fast becoming a tale of two mortgage markets, as interest rates move sideways and refinances dry up. Total mortgage application volume increased 0.2 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume is 20 percent higher than the same week one year ago. Jeff J Mitchell | Getty Images There is now ... Read More »

‘Bad Goldilocks’ emerges as market’s worst enemy

Remember “Goldilocks,” that pristine economic condition where growth was strong but not so strong as to induce tighter Fed policy? Well, now meet her evil twin. This is the new state of affairs in the U.S., where growth isn’t strong enough to inspire much confidence but not weak enough to induce easing from the U.S. central bank. It’s an uncomfortable ... Read More »

A vexing question for Watson: Why is IBM surging?

Here’s a vexing question for artificial mega-brain Watson: Why is IBM stock surging? Big Blue’s market value rose about $6 billion after the computer giant agreed on Thursday to buy Truven Health Analytics for $2.6 billion. Giving IBM’s artificial-intelligence platform more data to chew on is useful, but investors’ glee over an opaque addition to an enigmatic business effort is ... Read More »

Maruti Suzuki S-Cross Zeta limited edition launched at Rs 9.5 lakh

Maruti Suzuki had showcased a limited edition of the S-Cross crossover at the Auto Expo 2016 last month. This car gets exclusive cosmetic upgrades for personalisation and has finally reached dealerships at an ex-showroom price of Rs 9.5 lakh. This special edition is based on the DDiS 200 Zeta variant of the S-Cross. The cosmetic changes on the exterior include ... Read More »

Don’t panic about market volatility: Jack Bogle

Don’t panic and don’t worry about calling a bottom, Jack Bogle, founder of the Vanguard Group, told CNBC’s “Power Lunch” on Wednesday. Bogle told CNBC in January that investors should stay the course in this volatile market. While he said Wednesday that there are no guarantees in the stock market, he urged investors to not exit the market when it’s ... Read More »

‘Simple’ data is the key to economy: UBS economist

Upbeat economic data haven’t made for upbeat markets in 2016. Much of the focus, according to Drew Matus, deputy chief U.S. economist at UBS, has been on GDP. But his key to the U.S. economy is diving into “simple data” like weekly jobless claims. “If claims don’t go up, nothing bad is happening,” Matus told CNBC’s “Worldwide Exchange” on Thursday. ... Read More »

Should you be worried about Activision?

Activision-Blizzard broke an incredible streak Thursday when it reported its disappointing fiscal fourth-quarter results. For the first time in 10 years, it missed its revenue guidance, said Michael Pachter of Wedbush Securities. And if it hadn’t been for a congressional decision in December to reinstate investment tax credits for increasing research spending, it would have missed its earnings per share ... Read More »

Top tech investor Meeks: Buy Amazon on dip

Getty Images Boxes move along a conveyor belt at an Amazon fulfillment center in Tracy, California. There’s value in some of the technology leaders, so I wanted to embrace them. If I don’t make a “trade” when I think it’s compelling, then shame on me. Active managers should be active. And that’s what I’m doing for my CNBC Pro “Platinum ... Read More »

Measured in snacks, consumer spending is just fine

The U.S. consumer is relatively financially healthy, despite turmoil in stock markets — at least if you measure in gas station snacks, according to one PepsiCo executive. “The U.S. consumer is doing just fine,” Hugh Johnston, Pepsi’s vice chairman and chief financial officer, told CNBC’s “Squawk on the Street” Thursday. Thanks in part to lower gas prices and improved employment, ... Read More »

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage rates are going down again, ... Read More »