U.S. banks push mortgage apps as home lending slows Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. Lenders have been spending on digital tools to cut costs, […]

Tech tumbles ahead of crucial week for quarterly results U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel. Google-parent Alphabet and Microsoft both lost more than […]

P&G earnings beat as struggling retailers, costs eat into margins The world’s largest consumer goods maker Procter & Gamble Co (PG.N) narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins. Shares in P&G were down 2.4 percent in premarket trading, […]

Wall Street falls on investor nerves about interest rates, tech Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand. The technology index .SPLRCT was the biggest […]

U.S. yield hits four year high; stocks fall on tech sector A U.S. bond sell-off continued for a second day on Friday, pushing the 10-year Treasury yield to its highest level in more than four years and steepening the yield curve after two weeks of flattening. World stock markets dipped […]