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Single-family homes in a residential neighborhood in San Marcos, Texas.Jordan Vonderhaar | Bloomberg | Getty ImagesAfter flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.90% from 6.86%, with points rising to 0.70 from 0.60 (including the origination fee) for loans with a 20% down payment. That was the highest level since July.Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. P...

Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air."Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy.The U.S. Department of Transportation under Secretary Pete Buttigieg has issued a host of rules aimed at protecting consumers, some of which the airline industry has bristled at, including one this year that requires carriers to provide automatic cash refunds to travelers when an airline cancels a flight.Bastian said the industry has seen a ...

The National Hockey League is commanding more respect when it comes to team values.The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League Baseball.What accounts for the league's ascension?Steady revenue growth combined with a hard salary cap and a leaguewide revenue-sharing system all but ensure profitability for the league's 32 teams.For the 2023-24 season, the NHL's hockey-related revenue was $6.3 billion, 8.6% higher than the previous season, according to the league. The NHL also hit record national sponsorship revenue last season, bringing in $250 million, as well as record regular-season gate receipt revenue of $2.4 billion, the NHL said.That growth, combined...

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "While there has been increased 'noise' throughout the Gen AI ecosystem of late the net of our work suggests that NVDA' s anticipated demand trajectory remains intact, and our work frankly hasn't picked up on any material alterations to our broader expectations.' Deutsche Bank upgrades Gaming & Leisure Properties to buy from hold Deutsche said shares of the real estate investment trust are "compelling." "We are upgrading shares of GLPI to Buy from Hold and raising our price target to $54 from $49, which, when coupled with the dividend yield, offers a compelling mid to high teens return, with what we believe to be limited downside ...