Mortgage approvals dip despite increase in lending

Shares of Wolfspeed (NYSE: WOLF), a silicon carbide chip manufacturer, saw a significant drop of 34.4% following the announcement of its plans to file for Chapter 11 bankruptcy to restructure its substantial debt. This decision follows earlier funding challenges due to the government not providing an anticipated CHIPS Act subsidy, though it seems equity holders may still retain some value in the company. Explain It To Me Like I'm 5: Wolfspeed, a company that makes...

Nu Holdings (NYSE: NU) has become a significant player in the fintech sector, experiencing a remarkable 256% increase in share price over the past three years due to its profitability and sales growth in South America. However, recent economic concerns have led to a more cautious outlook among some investors, even as analysts suggest the company remains poised for further expansion. Explain It To Me Like I'm 5: Nu Holdings is like a big company...

Investing can seem overwhelming due to market volatility and the unpredictability of future needs, yet a Gallup poll shows that 62% of Americans owned stocks in 2025, largely to save for retirement amidst rising living costs. By investing, individuals can grow their wealth over time, balancing their expenses more effectively. Explain It To Me Like I'm 5: Investing is like planting seeds so that your money can grow into a big tree over time, helping...

If you have $50,000 to invest, it's a great opportunity to enhance your retirement or achieve other financial goals. There are several low-risk stocks available that can provide growth, making it important to explore these options further. Explain It To Me Like I'm 5: If you have $50,000, you can buy things that will help your money grow safely, like special pieces of a company called stocks. Need More Context? 🔎

Artificial intelligence (AI) stocks surged in 2024 due to optimism about their potential to transform industries by enhancing efficiency and enabling groundbreaking innovations. Despite facing recent challenges related to economic fears, companies like Nvidia, Apple, and Amazon are expected to thrive in the latter half of the year as uncertainty diminishes. Explain It To Me Like I'm 5: AI stocks are like cool toys that everyone wants because they help people do things faster and...

Bitcoin's price has increased by about 60% over the last year, now trading just 7% below its all-time high, largely due to new spot price ETFs, increased institutional interest, and favorable regulatory developments. In contrast, smaller cryptocurrencies like Solana have lagged, gaining only 7% and remaining over 50% below their peak value. Explain It To Me Like I'm 5: Bitcoin is like a special kind of digital money that has become much more popular and...