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USB News7 articles
August SSI Payments Shift to July, $5.4 Billion in Play
August Supplemental Security Income payments of $5.4 billion will be issued on July 31, shifting the schedule due to a weekend. The move alters spending patterns and retail data timing.
Snap Underperforms Nasdaq as Ad Revenue Stalls; Subscriptions Fail to Offset Weakness
Snap Inc. (SNAP) ended the week at $4.68, down 3.3%, trailing the Nasdaq's 1.7% gain. Sluggish ad sales and a shrinking North American user base overshadowed subscription growth.
Wall Street Braces for Pivotal Tuesday: CPI, Bank Earnings & Fed Testimony Collide
A packed Tuesday morning features June CPI data, earnings from five major banks, and Fed Chair Kevin Warsh's testimony, all within 90 minutes. The VIX remains near its 52-week low, signaling market calm.
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.
Mortgage Rates Climb to 6.55% as Treasury Yields Surge, Dampening Housing Demand
Mortgage rates increased Tuesday, with the 30-year fixed rate reaching 6.55% as Treasury yields climbed. Mortgage applications dropped 10.9% last week, reflecting continued buyer sensitivity to higher borrowing costs.
JPMorgan Faces Lawsuit Over Cash Sweep Rates as Markets Eye Data
A Manhattan judge permitted JPMorgan customers to advance breach-of-contract claims regarding low cash-sweep interest rates. Markets reopen Tuesday after the Presidents Day holiday.
JPMorgan Lawsuit Advances as Judge Allows Key Cash-Sweep Claims
JPMorgan Chase shares held steady at $302.55 as a Manhattan judge allowed central cash-sweep breach-of-contract claims to move forward. The bank faces scrutiny over the interest rates paid on customer idle cash.