Business

Mortgage Applications Take a Dip

According to the MBA, last week's average mortgage loan rate for a conforming 30-year fixed-rate mortgage increased from 3.60% to 3.65%. "Absent hard political or economic news, it's not easy for mortgage rates to continue to decline", adds Gumbinger.

Business

Stocks pull back slightly after a record-setting win streak

Among stocks moving on earnings news, Johnson & Johnson climbed 2.9 percent after reporting quarterly profit that beat analyst estimates. The Nasdaq Composite was up 5.05 points, or 0.1 per cent, at 5,094.98. Mullen Group Ltd., a trucking and logistics company, advanced 9.2 per cent to $15.53 after surprisingly strong earnings prompted several analysts to raise their price targets on the stock.

Business

No Clampdown on Newspapers in Kashmir, Says Mufti

Please Wait while comments are loading. Prime Minister Nawaz Sharif ordered all government officials in Pakistan to wear black armbands as a sign of protest against the injustices of the Indian government in occupied Kashmir. The editors who later met in a meeting considered the government response and made a decision to resume publications from today hoping the resumption will remain unobstructed.

Business

Microsoft making a bomb on the cloud

Mr Nadella has refocused the company on cloud and mobile in the face of stagnation in its traditional PC-based Windows business. Advertising revenues from search also rose 16 per cent. Microsoft spent in the quarter $3.1 billion in capital expenditures-an accelerating investment meant to add cloud capacity for near- and long-term customer demand.

Business

Murray downs Berdych to reach Wimbledon final

If Raonic thought the fans were behind Federer, it will be even louder for Murray , the Scotsman. It pains me to say it, but this is yet another chance to win one last grand slam title that has slipped through his fingers - and he's not going to get many more.

Business

Kaine emerges as favorite in Clinton's VP search

James Stavridis , a former North Atlantic Treaty Organisation supreme allied commander, calling him "exceptional". Susie Tompkins Buell, a founder of the Esprit fashion label and close friend of Clinton, on Thursday would not comment on who might be the choice.