As a mortgage is paid down, the equity in the home increases, assuming its value holds steady or increases. Home equity can be a valuable resource for homeowners, but it is also a precious one that is easily squandered if used unwisely. A home equity credit line of credit (HELOC) allows homeowners to borrow from […]

(Bloomberg) — ServiceNow Inc. reported strong third-quarter sales and bookings, but failed to clear the lofty expectations of investors looking for a bigger boost from artificial intelligence. Most Read from Bloomberg Subscription sales, which account for the bulk of ServiceNow’s revenue, increased 23% to $2.7 billion in the period, the company said Wednesday in a

Yes, college is expensive. The real surprise: Housing can be pricier than tuition. At public four-year colleges in 2023-24, the average cost for housing and food was $12,770 — higher than the $11,260 for tuition and fees, according to a 2023 College Board report. Students at community colleges and private schools also faced similarly high

(Bloomberg) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Most Read from Bloomberg Shares of Seadrill jumped about 10% after the close of regular trading in New York while

Former Abercrombie & Fitch Chairman and CEO Mike Jeffries addresses stockholders during the company’s annual meeting at its headquarters in New Albany, Ohio, on May 22, 2003. Will Shilling | Via Reuters Abercrombie & Fitch washed its hands of its former CEO Mike Jeffries after he was arrested on federal sex trafficking charges, saying in

(Bloomberg) — Spirit Airlines Inc. is in talks with Frontier Group Holdings Inc. about filing for bankruptcy to facilitate a takeover by the rival discount carrier, according to people with knowledge of the matter. Most Read from Bloomberg An attempt to sell Spirit via Chapter 11 would likely need the advanced approval of the airline’s

KEY TAKEAWAYS The silver market eased Wednesday, halting a strong two-week rally. The decline comes as expectations for the Federal Reserve to aggressively cut interest rates have subsided. However, strong industrial demand will continue to support prices that have surged more than 40% this year. Silver investors took a breather Wednesday from a strong two-week

By Akash Sriram, Abhirup Roy (Reuters) -Tesla CEO Elon Musk said he expects vehicle sales to grow 20% to 30% next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi. The forecast, building on a target for “slight growth”

Bond traders are at it again, pushing Treasury yields higher and signaling the Federal Reserve was too heavy-handed when it cut interest rates by a half-percentage point last month. The recently rising yields have put pressure on the stock market — and specifically, names in our portfolio tied to housing. The 10-year Treasury yield —

Tesla (TSLA) on Wednesday reported mixed earnings for its last quarter, with revenue failing to meet expectations, strong profits, and a renewed promise for more affordable vehicles on the way. The Austin, Texas-based company reported revenue of $25.1 billion, up 8% compared to last year, but below the $25.4 billion expected by analysts, according to