Author: Daniel snow
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating.Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury.The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage News Daily. That is the highest level since April 11.”The average mortgage lender had to account not only for the market movement in Friday’s closing minutes, but also to the additional weakness seen this morning. That makes for a fairly big jump, day-over-day, but it does very…
If you’re looking to hire new talent or overhaul your team’s skills, there are some key AI-related issues to keep in mind. Source link
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty ImagesChina cut its key lending rates by 10 basis points on Tuesday, as Beijing ramps up efforts to boost its economy at a time when trade tensions threaten to derail growth.The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.This marked the first reduction in rates since the central bank’s 25-basis-point cut in…
Your second bite is not just bigger, it also tastes better Source link
Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty ImagesShares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 17% in their Hong Kong trading debut on Tuesday.Shares were trading at 309 Hong Kong dollars apiece on the Hong Kong stock exchange, compared with the initial public offering price of HK$263 dollars per share. The IPO raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025. CATL is already listed on on the Shenzhen Stock Exchange, where the shares are down 2.26% so…
Businesses need a consulting model that can keep pace to accelerate transformation. Source link
Wynn Resorts is dropping its bid to land a casino license in New York.The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort in the posh Hudson Yards neighborhood of Manhattan, where high-end shops and restaurants already draw crowds.Wynn Resorts has surrendered to the inevitability of “years of persistent opposition,” according to a company news release.It is the second casino giant this spring to throw in the towel on a New York gaming license.Las Vegas Sands announced alongside…
The category tends to be a bellwether for broader economic health, says the executive director of research at the National Retail Federation. Source link
Wendy McMahon, president and co-head of CBS News and Stations.Michele Crowe | CBS | Getty ImagesCBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone.Paramount Global co-CEO George Cheeks talked with McMahon on Saturday and asked for her resignation, according to people familiar with the matter. McMahon agreed to step down, and the Paramount Global board held a meeting Sunday at which members were made aware of the decision, according to those people, who spoke on…
An event company owner shares how people, programming, and experience make an event ideal. Source link