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NEW YORK (Reuters) – Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 9.2 percent in the week ended … Read entire story.
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States. If it closes higher, the Dow would break a five-…
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The meteoric rise never felt sustainable – the numbers told us that. In 2013, US shale was responsible for approximately 20 percent of world investment in oil, while only supplying four percent of global production. The figures today are even grimmer. Baker Hughes is cutting 7,000 jobs; Halliburton, 6,500; Schlumberger, 9,000. The national oilrig count …