Category: Business

First Guaranty Mortgage Corp. said Thursday that it has filed for Chapter 11 bankruptcy protection, due to “significant operating losses and cash flow challenges” resulting from adverse market conditions for the mortgage lending industry. The mortgage company said its bankruptcy has not impact on closed mortgages, as they are already

The stock-market selloff was intensifying Friday afternoon following Federal Reserve Chairman Jerome Powell’s terse speech at Jackson Hole vowing to fight inflation until the battle has been won by bringing the annual cost of living back down to the central banks’s 2% target. The Dow Jones Industrial Average was down

Stocks booked back-to-back losses on Monday, with the Dow adding to its 1,000-point skid Friday after Federal Reserve Chairman Jerome Powell vowed not to back down on fighting inflation until U.S. costs of living fall back to its 2% target range. The Dow Jones Industrial Average shed about 183 points,

U.S. stocks finished mostly lower on Thursday, kicking off the final month of a brutal year for investors on a downbeat note. The Dow Jones Industrial Average fell about 194 points, or 0.6%, ending near 34,395. The S&P 500 index fell 0.1%, while the Nasdaq Composite Index rose 0.1%, according

U.S. stocks fell Monday to kick off a fresh week, with the S&P 500 and Nasdaq both down more than 1.2% heading into midday. The Dow Jones Industrial Average was down about 299 point, or 0.9%, trading near 34,134, while the S&P 500 index was off 1.2% and the Nasdaq