Mortgage rates set another record low, but borrowers take a step back

 The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.14% from 3.20% last week. Mortgage applications to purchase a home also fell for the week, down 2%, but were 22% higher than one year ago. Record low mortgage rates are clearly not as impressive as they used to be. Even with another new […]

William Hill to shut 119 stores and repay £24m in furlough funds

The bookmaker William Hill has seen a fast recovery in takings after sports betting resumed, but announced it would not reopen 119 branches closed during the coronavirus lockdown. The group said it had redeployed the majority of staff at the branches that are closing and only 16 redundancies were expected. The latest closures, representing about […]

WHSmith job cuts: High street store set to axe 1,500 jobs after customer exodus

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The stationery retailer said the COVID-19 crisis has pushed down the number of customers going into its stores. It is the latest British high street store to fall victim to the pandemic. […]

‘Mulan’ Goes on Disney+ for $30 in ‘One-Off’ Strategy Shift

Walt Disney Co. is putting its unreleased film “Mulan” — the live-action remake of the animated hit — on its new Disney+ streaming service Sept. 4 for a fee of about $30. Disney has already gone straight to Disney+ with a release earlier this year that was originally intended for theaters, “Artemis Fowl.” But “Mulan” […]

“Slogging Through Step By Step By Step”: Slow Progress On Capitol Hill Talks To Extend COVID-19 Unemployment, Other Relief

White House officials and top Democrats indicated some progress in talks over a massive new coronavirus relief package, including an extension of COVID-19 federal unemployment benefits. “They made some concessions which we appreciated. We made some concessions which they appreciated,” Senate Minority Leader Chuck Schumer (D-NY) told reporters. “We are still far away on a […]

Breakup of NCAA Could Result From Its Decision on Fall Sports

There are no good options for the National Collegiate Athletic Association. The NCAA’s decision on whether to go ahead with fall seasons for every sport except football is expected as soon as Tuesday. If the organization opts to sponsor competition in soccer, cross country and field hockey, among others, critics will say it’s jeopardizing the […]

How Analysts Got Disney Earnings So Wrong

The Walt Disney Co. (NYSE: DIS) released fiscal third-quarter financial results after markets closed Tuesday. The Mouse House said that it had $0.08 in earnings per share (EPS) and $11.78 billion in revenue, compared with consensus estimates that called for a net loss of $0.64 per share and $12.39 billion in revenue. The same period […]

NYC restaurant scene grows bleaker with 83% unable to pay July rent

How can restaurants survive the cold weather months? Fat Brands CEO Andy Wiederhorn outlines how restaurants may be able to stay afloat once the temperatures drop. As the COVID-19 pandemic devastates the American restaurant industry, a new survey shows 83% of New York City eateries, bars and nightclubs are unable to make their full July rent payment. […]

The most expensive high school in America may have the best reopening strategy

As schools across the country wrestle with reopening plans, one New York City private school seems to have it all figured out. "The only school that I have seen really reaching out to educate parents about a safer option is Avenues," said Emily Glickman, president of Abacus Guide Educational Consulting. Avenues: The World School has made […]

Investors have piled so much into gold ETFs this year only the US government has more

REUTERS/Arnd Wiegmann Investors have piled into gold ETFs this year, flocking to the so-called safe-haven asset as the coronavirus pandemic rages on.  Worldwide, holdings in gold ETFs gained to 3,365.6 tons Monday, Bloomberg reported. That surpassed the number of tons held by Germany. Only the US government, which holds more than 8,000 tons in its […]