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Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump...

Aggressive bitcoin investor and American software firm MicroStrategy says it hasn’t received a margin call against a $205 million bitcoin-backed loan it took in March, according to a Reuters report on Wednesday. A margin call is a situation where an investor has to commit more funds to avoid losses on...

NFTs, or non-fungible tokens, have been touted as the next big thing in music. They were mentioned more than 30 times on this year's South by Southwest schedule. Dolly Parton even released an NFT of her record Run, Rose, Run during the festival. But even with all the hype, most people don’t...

New York (CNN Business)Crypto exchange Coinbase is laying off 18% of its employees as the digital currency market continues to crumble. CEO Brian Armstrong said in an open letter Tuesday that the "difficult decision" to lay off about 1,000 employees was made to ensure "we stay healthy during this economic downturn." The...

Crypto has had a brutal first half of 2022, but few days have been this bad for the industry that’s built itself up around digital currencies. On Monday, trading platforms halted withdrawals, companies cut jobs, and panicked investors dumped their...

The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it’s unlikely to be a deep one, according to Morgan Stanley CEO James Gorman. “It’s possible we go into recession, obviously,...

Some Wall Street traders are betting that the Federal Reserve will take the most aggressive step in decades as it races to catch up with scorching-hot inflation. While market consensus is for a half-point interest rate hike...

As companies push to do more to protect customers, SurePay has teamed up with Virgin Money, implementing its solution to guard consumers Confirmation of Payee (CoP) provider, SurePay, is supporting Virgin Money with the implementation of its UK Confirmation of Payee solution...

U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022. Futures tied to the Dow Jones Industrial Average dropped 286 points, or 0.91%. Nasdaq 100 futures tumbled by 1.8%, and S&P 500 futures fell 1.28%. The major averages last week posted...

The price of a gallon of regular gasoline hit an historic milestone over the weekend and continues to move higher. The price on Sunday morning rose to $5.01, according to AAA. Gas hit the $5 mark on Saturday morning for the first time ever as part of a record setting run. The...