Apple announces new iPad Pro with camera that can scan 3-D objects

Apple’s new iPad Pro 2020 Apple announced a new iPad Pro and MacBook Air on Wednesday. The iPad Pro will ship in two sizes, including an 11-inch model and a 12.9-inch model, beginning next week. The 11-inch iPad Pro will start at $799 while the 12.9-inch model will start at $999. Apple’s new Magic Keyboard for … Read more

Weekly mortgage applications drop over 8% as interest rates jump briefly

A sudden spike in mortgage rates caused an abrupt end to the recent refinance boom, pushing total mortgage application volume down 8.4% last week from  the previous week, according to the Mortgage Bankers Association. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.74% from 3.47%, … Read more

Stock futures drop, hit ‘limit down’ halt, amid unprecedented volatility from coronavirus crisis

Stock futures pointed to big losses on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors. — RECOMMENDED — The “$500 Crypto Retirement Plan?” The #1 most-trusted person … Read more

Stocks set to bounce as Wall Street attempts rebound from the Dow’s third-worst day ever

Stock futures and premarket trading in exchange-traded funds pointed to a bounce on Tuesday following the Dow Jones Industrial average’s third-worst day ever. Coronavirus: Here’s what happens next Trading overnight, however, was very volatile with futures giving back more than 1,000 points as investors try to weigh the uncertain economic impact of the coronavirus outbreak. … Read more

Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; S&P 500 ETF down 9%

Stock futures were down sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade … Read more

Stocks post biggest rally since 2008, clawing back some of their coronavirus collapse

Stocks soared Friday as Wall Street rebounded from the sharp losses suffered in the previous session — the worst since the “Black Monday” market crash in 1987. The Dow Jones Industrial Average closed 1,985 points higher, or 9.4%, at 23,185.62. Friday marked the Dow’s biggest-ever point gain. The S&P 500 climbed 9.2% to 2,711.02 while the Nasdaq … Read more