World

Weekly mortgage demand drops as interest rates hit the highest level since August

A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last week compared to the previous …

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HSBC exec says there’s a lot of AI ‘success theater’ in finance

Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images   LONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to …

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Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal

The Rio Tinto Ltd. booth on the opening day of the Investing in African Mining Indaba in Cape Town, South Africa, on Monday, Feb. 6, 2023. Dwayne Senior | Bloomberg | Getty Images The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Rio Tinto said the deal would be an all-cash …

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Boeing withdraws contract offer after talks with union end without a deal

Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and go on strike. M. Scott …

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The Best B&H and Amazon Prime Day Sales for Photographers

Today and tomorrow (October 8-9) are great days to buy camera equipment cheaply during Amazon’s Prime Day event. B&H is also joining the fun with a bunch of sales to compete with Amazon. I’ve collected some of the best discounts below. Because Photography Life is part of Amazon and B&H’s affiliate programs, buying anything through the links below will help …

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DOJ indicates it’s considering Google breakup following monopoly ruling

U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken Cedeno Ken Cedeno | Reuters The U.S. Department of Justice late …

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Why it can be tough to sit on good stocks

CNBC’s Jim Cramer on Tuesday described why it can be difficult for investors to sit on solid stocks. Some can get spooked by analyst downgrades, for example, and sell their position in a great company that will be hard to later buy back. “In the last decade, the toughest thing to do is to hold on to good stocks,” he …

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Paul Pogba will be the latest of France’s 2018 World Cup heroes to attempt a career rehabilitation

One by one, France’s FIFA 2018 World Cup heroes have been saying goodbye to Les Bleus with longtime captain Hugo Lloris and defensive stalwart Raphael Varane following Blaise Matuidi into international retirement after the 2022 World Cup in Qatar. Olivier Giroud and Antoine Griezmann have both since followed suit and N’Golo Kante could be joining them shortly as he finds …

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