Online cartoon Pepe the Frog has been added to the Anti-Defamation League (ADL)’s database of hate symbols. Other logos cited as offensive by the ADL include the Swastika and the “Blood Drop Cross” of the Ku Klux Klan (KKK). The anti-bigotry group said “racists and haters” had “taken a popular ... Read More »
One of the most notorious corners of the web could be about to become a victim of its own success. The owner of 4chan posted a warning last weekend that the anarchic bulletin board service was in financial straits. “What I wrote on 4chan was true,” Hiroyuki Nishimura told the ... Read More »
Rising buyer demand and increasingly short supply are lighting a fire under the U.S. housing market. Home prices in August surged on a monthly basis by the largest margin in 11 years, and the annual price gain of 6.2 percent is a sharp acceleration compared to the past two years, ... Read More »
Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
The average rate on the popular 30-year fixed mortgage has been so low for so long that a good chunk of borrowers can’t even contemplate the idea of it ever going higher. Why should they? Every time we warn of rising rates, or see a tiny bump up, some global ... Read More »
Energy companies and banks are leading stocks higher in afternoon trading on Wall Street. A jump in the price of crude oil sent oil and gas companies higher, while banks benefited from rising bond yields, which will help them make more money from lending by allowing them to raise interest ... Read More »
– Travelers along the East Coast are preparing for delays and cancelations as Hurricane Matthew heads toward the U.S. Airlines are preparing to suspend flights from Florida up through Georgia, South Carolina and North Carolina, depending on where the hurricane strikes. Cruise lines are shuffling ship itineraries and many frantic ... Read More »
– U.S. services companies grew last month at the fastest pace in nearly a year, potential good news for the U.S. economy. The Institute for Supply Management said Wednesday that its services index jumped to 57.1 in September, the highest point since October, from August’s 51.4, the lowest since 2010. ... Read More »
The landmark Paris agreement on climate change will enter into force in 30 days, after the number of countries ratifying the accord surpassed a key threshold on Wednesday. U.N. Spokesman Farhan Haq said the EU, Canada and Nepal are all expected to deposit their instruments of ratification over the course ... Read More »
