Republicans denounce bigotry after Trump’s latest Charlottesville remarks

Senior Republicans have lambasted Donald Trump after he once again drew a moral equivalency between the far right and counter-demonstrators during the deadly violence in Charlottesville on Saturday. But some elected Republican officials responded to an extraordinary press conference in Trump Tower on Tuesday night by denouncing bigotry, in signs of a […]

Mortgage rates edge higher, after five weeks of declines

Mortgage rates edged higher last week, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.18%, up from 3.16%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged […]

HSBC shares heading 9% higher after appointment of new chairman: Analyst

Shares of Europe’s largest bank, HSBC, could climb after the company said current AIA chief Mark Tucker will take over as chairman, with its Hong Kong listing potentially hitting 70 Hong Kong dollars per share, one analyst told CNBC. By noon HK/SIN, HSBC shares in Hong Kong were 2.22 percent […]

Skype Experiences Global Outage; Service Restored After Three Hour Delay

Skype, Microsoft’s phone, chat and video conferencing service, experienced an outage this morning across parts of North and South America, the U.K., Europe and eastern Asia. But the platforms management team reported the Skype outage resolved within hours. An official announcement on Skype’s website confirmed reports. “We are aware of […]

Biz2Credit: Institutional Lenders Bounce Back after April Drop

Approval at institutional lenders and at big banks ($10 billion+ in assets) increased in May. Meanwhile, credit unions, small banks and alternative lenders recorded a drop in their approval rates. Those were the findings of Biz2Credit, the online resource for small business finance, in their monthly lending index released this month. […]