The numbers: The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, according to data released by Freddie Mac FMCC, +0.03% on Thursday. Read more
Tag: mining
Gold trades at highest level since August as dollar softens to 2-month low
Gold prices advanced further on Friday after settling at their highest level since August on Thursday as expectations that the Federal Reserve might slow the pace of interest-rate hikes in Read more
‘Era of cheap’ copper prices may be coming to an end
Risks to global demand contributed to a decline in copper prices this year, but the value of the industrial metal may have fallen too far, as supplies look to remain Read more
AMC should avoid ‘distractions’ like credit cards, popcorn and dive deeper into IMAX, says analyst
AMC Entertainment Holdings Inc., which reported its 12th consecutive quarterly loss on Tuesday, should avoid the “distractions” of its many new business ventures and dive deeper into its IMAX partnership, Read more
Apple, Pepsi among newest to join alliance buying greener concrete and steel
PepsiCo Inc., Apple Inc. and Rio Tinto PLC can be counted among the newest members of a corporate alliance committing $12 billion to purchasing near-zero-carbon steel, aluminum, cement and other products with the intention Read more
Gold climbs above $1,700 an ounce for the first time in a month
Gold futures moved higher on Tuesday, giving up early losses, to trade back above $1,700 an ounce for the first time in about a month, buoyed by a retreat in Read more
BofA cuts home price growth to 0% for next 2-3 years, but still sees no major distress unfolding
Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
Gold prices post their highest finish in almost 4 weeks
Gold futures on Monday scored a second consecutive session gain to finish at their highest price in nearly four weeks. Copper futures, meanwhile, retreated following sharp gains late last week Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
Peabody, Australia’s Coronado end talks over potential merger
SYDNEY — Coronado Global Resources Inc. and Peabody Energy Corp. mutually agreed to end talks over combining to create a new global coal giant. Australia-listed Coronado CRN, -6.17%, which also Read more