Home equity loan costs could fall for borrowers once rates are cut, but the drop won’t occur automatically. Getty Images Borrowing from your home equity has been one of the most cost-effective ways to access extra cash in recent years. While credit card interest rates surged past 20% and personal loans rose to around 12% (on average), both home equity loan and home equity line of credit (HELOC) interest rates mostly remained in the single digits. And with home values seemingly on a continuous rise, the average homeowner has around $327,000 worth of equity right now. A lower interest rate and…
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Dive Brief:Tops Friendly Markets announced Monday it has acquired five stores from Supermarket Management, Inc. (SMI), a longstanding franchise partner. Terms of the deal were not disclosed.The purchase includes four full-service Tops and a Tops Xpress in the greater Buffalo, New York, area. “Adding SMI’s five locations will strengthen our corporate store network and enable us to serve more customers across Western New York,” Tops President Ron Ferri said in a statement.Dive Insight:The full-service stores Tops has acquired from SMI are located in Depew, Lockport, South Buffalo, and Buffalo’s West Side while the Tops Xpress store is in Lancaster. Tops still has…
(Bloomberg) — Treasuries rallied and the dollar fell after fresh US data kept investors guessing on the size of an expected rate cut from the Federal Reserve next week.Most Read from BloombergThe policy-sensitive two-year Treasury yield dropped five basis points and the dollar retreated 0.2%, falling for a third day. Europe’s Stoxx 600 index added 0.2%, while US futures pointed to modest gains.Investors remain divided on the magnitude of the Fed’s anticipated pivot to policy easing. The debate has continued after data Thursday showed that the US producer price index picked up slightly in August after the previous month’s numbers…
“If she really, really cared about me and our friendship, she’d call me off camera,” Gunvalson said of JudgeJason Mendez/Getty; Charles Sykes/Bravo via Getty Vicki Gunvalson and Tamra JudgeOn Sept. 2, Vicki Gunvalson spoke about Tamra Judge’s estranged relationship with her eldest daughter, Sidney BarneyThe following days, on Sept. 3 and Sept. 4, Judge replied to Gunvalson’s comments, saying she doesn’t “give a s—,” and then tearfully asked Gunvalson to leave her family aloneA week later, on Sept. 11, Gunvalson replied to Judge’s requests and said she was crying because she “wants attention”Vicki Gunvalson is responding to Tamra Judge’s recent…
TUI Group offices in Germany. Source: TUI Group. TUI Group.TUI asked its shareholders on Thursday to consider changing where and how its stock is publicly listed.The board of Europe’s largest tour operator has proposed simplifying the company’s structure by delisting from the London Stock Exchange. It would retain its full listing on the Frankfurt Stock Exchange. It said 77% of its share transactions recently went through the German exchange. TUI would then be upgraded to the “prime standard market segment” and included in the MDAX, an index that many funds invest in.Mathias Kiep, TUI’s chief financial officer, said in a…
The Dow Jones Industrial Average is supposed to represent the 30 companies that are cornerstones of the US economy, those whose success makes them stand out from their peers on the New York Stock Exchange and Nasdaq. For most of the last five years, that has not described Boeing (BA).And so it’s a legitimate question if the aircraft maker still belongs in the blue-chip index. And it’s a question with only one correct answer: No.“If you want bellwether, strong balance sheet companies, they don’t check those boxes any longer,” said Ron Epstein, aerospace analyst for Bank of America. “I don’t…
Northvolt’s gigafactory in Skellefteå in SwedenEurope’s leading battery maker is to slash jobs and scale back its commitments as the “challenging” market for electric vehicles bites manufacturers.Northvolt, the Swedish company which raised £10bn to challenge China’s dominance of batteries, today pledged to refocus efforts on improving its struggling factory in Skellefteå and cutting costs.This will involve “a re-scope of operations and appropriate resizing of our workforce”, an announcement said.The company, which counts German car giants BMW and Volkswagen among its backers, also said it would sell or seek investment from outside partners in its energy storage business.It is the latest…
Cardi B just gave her kids, Kulture and Wave, the gift of another sibling.The rapper announced the arrival of her third child in an Instagram post shared on Sept. 12.”The prettiest lil thing 🌸🌸 9/7/24 💖💖💖,” the mother of three captioned the post, which included photos of her and her baby, as well as with her two kids and estranged husband, Offset, at the hospital.Cardi B announced on Aug. 1 that she was expecting baby No. 3 on the heels of her divorce news.“With every new ending comes a new beginning!” Cardi B wrote on Instagram, in part. “It’s so much…
MADISON, Wis. (WMTV) – A pair of brothers are donating $75 million dollars to the University of Wisconsin-Madison’s College of Engineering in efforts to fuel construction of a new, long-awaited engineering building.Announced Wednesday at Bascom Hall, the contribution marks the largest single gift to the university’s engineering college.UW-Madison alumni Marvin and Jeffery Levy were proud to announce the gift honoring the memory of their brother Phil, also a UW-Madison alumnus, who passed away in 2021.“Our family deeply appreciates the vital role engineering plays in driving innovations that advance our society and contribute to people’s quality and enjoyment of life,” said…
AGF Management Ltd. lowered its position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG – Free Report) by 20.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,010 shares of the company’s stock after selling 37,513 shares during the quarter. AGF Management Ltd.’s holdings in Vanguard Dividend Appreciation ETF were worth $26,106,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in VIG. Vantage Financial Partners LLC acquired a new stake in…