The Petersburg Post

Wednesday, May 1st, 2024 - Housing experts say mortgage rates are likely to hover in the 7 percent range in May, amid elevated inflation that is keeping the Federal Reserve from reducing borrowing costs. The high cost of home loans may keep buyers at bay as they await the decline of rates before they can make the leap toward homeownership. The Federal Reserve raised interest rates starting in March 2022 to its current two-decade high of 5.25 ...

Tuesday, Apr 30th, 2024 - Samsung Electronics  said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products , said its memory chip business returned to profitability, and prices continued to rise, thanks to solid ...

Tuesday, Apr 30th, 2024 - Americans think the jobs market is getting weaker, consumer-confidence survey finds The numbers: Consumer confidence fell in April for the third straight month and touched a 21-month low due to the high cost of food and gas and and fresh worries about the jobs market. The consumer-confidence index sank to 97.0 this month from a revised 103.1 in March, the Conference Board said Tuesday. That's the lowest level since ...