Monday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines with Joya Dass.
Q1 earnings season gets underway this week
First quarter earnings season gets underway in earnest this week with big banks reporting results on Friday.
The banks will update on their business after the fall of Silicon Valley Bank in March.
The latest read on consumer inflation is due out Wednesday.
Mortgage rates fall for 4th consecutive week
Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row.
The 30-year fixed-rate mortgage averaged 6.28% last week, down from 6.32% the week before.
A year ago, the mortgage rate was 4 and three-quarters percent.
ExxonMobil eyes potential megadeal
ExxonMobil is eyeing a potential mega-deal with shale driller Pioneer Natural Resources.
The Wall Street Journal reports the oil-and-gas giant has held informal, early-stage talks to buy the $49 billion dollar company.
Tesla to open new factory for EV production
Tesla is opening a factory in Shanghai that will be capable of producing ten thousand megapack energy products per year.
The megapack lithium-ion battery units are cheaper to produce, which Tesla says will lower the cost of its electric cars.
Google: London is most-searched summer destination
Google says the top searched-for summer destination is London, followed by Cancun and Orlando.
Jamaica, Bora Bora, and Turks and Caicos are other popular warm-weather destinations, Google says.