Mortgage Interest Rates dip to 3.78%

This week, Mortgage interest rates plunged to about 3.78%. According to experts, people, who are thinking to buy a house, should lock in their rate now. Chief economist at Realtor. com, Jonathan Smoke, said that it is the last call before the bar closes at these historically low levels.

As per reports, rates are low at present, but they are expected to rise very soon. The Federal Reserve issued a statement on Wednesday, where it warned that Mortgage interest rates will increase in the near term because the United States economy has stabilized. The Federal Reserve has supported the economy by keeping rates at zero since 2008, when the country's housing market had collapsed.

Apple added to Dow Jones Industrial Average

The Consumer electronics major Apple has become a member of the Dow Jones industrial average index, which is also called the Industrial Average. Apple, currently the most valuable company in the world, was added to the stock market index after the market closed on Wednesday. The Dow Jones Industrial started trading with stock of California-headquartered Apple when the market opened on Thursday.

The Dow Jones Industrial Average was created in 1896 and it is also called 'the Dow 30' because it is an index that tracks 30 blue-chip stocks. The maker index reflects the economy and markets of the United States.

Marginal Rise in Number of Americans Filing New Claims for Unemployment Benefits

A recently released data showed that the number of Americans filing new claims for unemployment benefits has risen marginally this week. The small rise indicates that the labor market remained on solid footing despite slowing economic growth.

Another report released Thursday showed that manufacturing activity in the mid-Atlantic region has slowed down for the fourth consecutive month in March, while the future economic activity rose slightly in February. This was the lowest level that the manufacturing activity has hit in more than a year.

The data showed that the growth has slowed down in the first quarter. It was further weakened by harsh winters, a strong dollar, weaker overseas economies and labor disputes at West Coast ports.

GoDaddy looks for up to $2.87 billion valuation

GoDaddy Inc., a privately held domain registrar and web hosting company, is looking for a valuation of up to $2.87 billion in an initial public offering. According to a regulatory filing, GoDaddy is offering 22 million shares at $17 to $19 each to generate up to $418 million. And as per Thursday's filing, the company seeks a market value between $2.57 billion and $2.87 billion.

IPO of the company has come more than three years following a group led by KKR & Co. and Silver Lake Management purchased the Scottsdale, Arizona-based company for $2.25 billion. GoDaddy is all set to start marketing the sale to investors after fixing the price range.

SeaWorld Entertainment names Joel Manby as New CEO and President

SeaWorld Entertainment has named Joel Manby as its new chief executive and president. It is expected that Manby will help the company to repair its tarnished image. Manby will takeover the control on April 7.

Since 2003, Manby, 55, has effectively handled the position of president in and chief executive at Herschend Family Entertainment. For four years, Manby has also remained chief executive of Saab Automotive USA and also is the author of 'Love Works'.

SeaWorld is in crisis, as it has witnessed in attendance and was being questioned over treatment of its animals. In 2014, SeaWorld faced a drop of 4% in attendance. As per animal rights group, the decline is because the public is not favor of how the animals are being treated at SeaWorld.

Bank of New York Mellon Agrees To Pay $714 Million to Resolve Federal and State Allegations

Bank of New York Mellon has agreed to pay $714 million to settle federal and state allegations. The allegations are that the bank defrauded pension funds and other clients by wrongly representing how it managed their foreign exchange transactions.

According to the US Department of Justice and New York's top legal official, the investment services and management company said that it wrongly informed customers that it would give them the `best rates' available in a process. The process was designed to maximize the proceeds of every trade in the foreign currency exchange market.

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