(Reuters) -Credit bureau Equifax beat Street estimates for second-quarter profit on Tuesday, helped by a smaller-than-expected drop in inquiries for mortgage credit reports, and raised its annual revenue forecast marginally.
Mortgage inquiries buoyed Equifax's second-quarter results in an otherwise subdued mortgage market, with the 30-year mortgage rate — the interest rate for the most popular U.S. home loan — at lower levels than a year earlier when the... (continue reading...)
Investing.com -- Treasury Secretary Scott Bessent said Tuesday he sees no reason for Federal Reserve Chair Jerome Powell to step down now, while revealing plans to announce several trade deals within days.
Speaking on Fox Business, Bessent said tariffs are bringing manufacturing back to the United States. He noted that President Trump has mandated permits for factories to be completed within one month.
The Treasury Secretary disclosed that August 1 represents a "pretty... (continue reading...)
BEIJING (Reuters) -Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).
The acquisition of Mega Precision Technology and Channel Well Industrial would help Goertek strengthen competitiveness in the field of precision structural components, the company said in a Shenzhen stock exchange filing.
($1 = 7.8499 Hong Kong dollars)
... (continue reading...)Bowman Says Fed Obligated To Be Transparent, Accountable
Investing.com -- Circle Internet Group (NYSE: CRCL) stock declined over 3% Tuesday after receiving its first downgrade since its June IPO, with shares that initially priced at $31 now trading above $200.
Compass Point analyst Ed Engel downgraded CRCL from Neutral to Sell with a price target of $130, down from $205, citing concerns about the company’s long-term economics relative to its $53 billion valuation. The downgrade comes after U.S. stablecoin legislation passed... (continue reading...)
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