According to rates from the Zillow lender marketplace, current purchase mortgage rates are now higher than refinance rates. The current 30-year fixed-rate purchase loan is the same as the current 30-year refinance rate at 6.48%. The 15-year fixed-rate purchase is 16 basis points higher at 5.90%. Finally, the 5/1 ARM purchase is 18 basis points higher…
Tata Group’s fashion and lifestyle retail chain Westside is planning to open up to 100 outlets a year, marking a substantial step-up from its previous rate of expansion. Operated by Tata subsidiary Trent, the chain sells clothing, beauty products, home decor, footwear and accessories. It closed its last financial year with 300 stores. In an…
SHANGHAI, July 20 (Reuters) – An artificial intelligence-focused subsidiary of Chinese medical technology giant Shanghai United Imaging Healthcare is taking a cautious approach to deploying AI tools, its top executive said, even as China pushes for broader adoption of the technology across key sectors. Some Chinese companies have begun measuring employee usage of AI, viewing…
SHANGHAI, July 20 (Reuters) – An artificial intelligence-focused subsidiary of Chinese medical technology giant Shanghai United Imaging Healthcare is taking a cautious approach to deploying AI tools, its top executive said, even as China pushes for broader adoption of the technology across key sectors. Some Chinese companies have begun measuring employee usage of AI, viewing…
China exported 577,000 barrels daily of fuel oil last month, which was the most since the start of the year and an 18% increase from June 2025, Reuters reported today, citing official customs data. At the same time, overall refined products exports declined, as exports of gasoline, diesel fuel, and jet fuel remained under government…
In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Tyler Crowe, Matt Frankel, and Lou Whiteman discuss: Samsung’s big profits and big stock drop. Amazon’s $25 billion debt deal. Lockheed Martin goes underwater. Are defense companies ready for the changing landscape? Mailbag: How to navigate the sunk cost fallacy? To catch full episodes…
Targeting the consumer staples sector often appeals to investors seeking a defensive posture, as these companies provide essential goods people buy regardless of the economic climate. This comparison examines two popular options — the State Street Consumer Staples Select Sector SPDR ETF (NYSEMKT:XLP) and the Fidelity MSCI Consumer Staples Index ETF (NYSEMKT:FSTA) — that offer…
In a new regulatory filing, Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by actor and director Ben Affleck. The streaming company announced the acquisition in March, with a statement from Affleck saying he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The European Commission approved Novo Nordisk A/S’ Wegovy pill, a once-daily oral semaglutide 25 mg treatment for adults with obesity or overweight with at least one weight-related comorbidity. The approval makes Wegovy the first GLP-1 receptor agonist available…
Early warnings surrounding the Strait of Hormuz suggested that European airports and fuel markets could face physical shortages by the beginning of summer. Those shortages largely failed to materialise, revealing both the adaptability of global energy markets and their persistent tendency to price worst-case scenarios long before they occur. When the Strait of Hormuz was…
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