USDA to buy 11 million pounds of cheese from stockpiles Aug 23, 2016 03:00PM

USDA to buy 11 million pounds of cheese from stockpiles.

Zillow Mortgages Reports 2 bps W/W Drop in 30-Year Fixed Rate to 3.27% Aug 23, 2016 02:01PM

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.27 percent, down two basis points from this time last week. The 30-year fixed mortgage hovered around 3.28 percent for the majority of the week before dropping slightly to the current rate on Tuesday.

“Mortgage rates were essentially flat last week holding slightly above record lows,” said Erin Lantz, vice president of mortgages at Zillow. “This week rates are unlikely to move dramatically before... (continue reading...)

U.S. equity fund managers see reason to worry ahead of September Aug 23, 2016 01:14PM

By David Randall

NEW YORK (Reuters) - The rally in U.S. stocks since late June is prompting some mutual fund managers to prepare for a rocky September.

In part, the concerns are seasonal: September has seen more monthly declines of 5 percent or more in the S&P 500 than any other month since 1945 and is tied with August for the worst month in average returns overall, according to S&P Capital IQ.

Poor corporate earnings or... (continue reading...)

Tropical Storm Gaston to become a Hurricane later Tuesday: NHC Aug 23, 2016 11:08AM

(Reuters) - Tropical Storm Gaston is expected to strengthen and become a hurricane later Tuesday, the U.S. National Hurricane Center (NHC) said in its latest advisory, adding that it was rapidly moving west-northwestward.

The system, with maximum sustained winds of 65 miles per hour (100 km per hour), is located about 685 miles (1105 km) west of the southernmost Cape Verde Islands, the Miami-based weather forecaster said.

... (continue reading...)

Jennifer Lawrence ranked world's highest paid-actress for second year Aug 23, 2016 09:19AM

NEW YORK (Reuters) - "Hunger Games" star Jennifer Lawrence on Tuesday topped a Forbes magazine list of the world's highest-paid actress for the second straight year, earning some $46 million, followed by Melissa McCarthy.

Lawrence, 26, took the top spot largely through a slice of the profits from the final movie in the "Hunger Games" franchise, as well as a big upfront fee for her forthcoming space adventure movie "Passengers," Forbes said.

... (continue reading...)

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