Are older Americans spoiling the economy for everyone else?

Mortgage application activity pulled back last week as higher borrowing costs weighed on both home purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 6.4% decrease in total application volume on a seasonally adjusted basis for the week ending July 24. Purchase applications decreased 4% from the previous week on a seasonally adjusted…

The United Kingdom Maritime Trade Operations Center said a ship reported being struck by an “unknown projectile” in the waterway.

EURUSD backs off from the 50% midpoint target at 1.1585. What next? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

McDonald’s is spending big to bring customers back to its restaurants. The fast-food chain plans to devote $8.5 billion over the next 10 years to improvements to its restaurants, it said on Wednesday. The plan, called McDonald’s Next, includes adding more technology to stores, new training for employees, and increasing the burger chain‘s market share…

Client referrals and recruiting are the top two priorities for registered investment advisors custodied with Charles Schwab, according to the firm’s annual RIA survey of clients. When asked to name their top three priorities, firms with over $250 million in assets under management most frequently identified client acquisition through new referrals as their No. 1…

China gold buying spree continues in July as reserves climb for a 21st consecutive month !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}