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CUBI News5 articles
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Hawaiian Electric Cuts Storm Outages in Half, Yet 89K Customers Still Dark
Hawaiian Electric reduced Tropical Storm Lala outages by 50.3%, but 88,670 customers remain without power. Restoration costs undisclosed as company faces earnings pressure.
Hawaiian Electric Faces Investor Scrutiny After Storm Leaves 130K Oʻahu Customers in Dark
Hawaiian Electric (HE) faces investor scrutiny as 130,000 Oʻahu customers remain without power after Tropical Storm Lala, with restoration costs likely to pressure the utility's finances.
NiSource Storm Outages Hit 59% of NIPSCO Customers, Shares Slide
Severe Midwest storms left 273,900 NIPSCO customers without power, about 59% of its base. NiSource shares fell 15% from record high as restoration costs loom.
Wren Kitchens' US Arm Files Chapter 7, Leaving Customers and Staff in Limbo
Wren Kitchens' US parent filed Chapter 7 bankruptcy, abruptly closing all US showrooms and leaving customers with unfinished orders and employees without notice.