By Diana Novak Jones July 20 (Reuters) – Meta Platforms faces trial in Tennessee on Monday over the state’s claims that Instagram’s design is to blame for a youth mental-health crisis, one of several trials in the coming weeks testing allegations that the company’s social media platforms were intentionally built to be addictive. Tennessee accuses…
By Hannah Lang, Milana Vinn and Manya Saini July 20 (Reuters) – Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. What happens next?…
By Caroline Valetkevitch NEW YORK, July 20 (Reuters) – Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth for the second quarter. The PHLX Semiconductor index has surged this year, reflecting…
The difference between the current home equity loan (HEL) rate and the average HELOC rate is just 2 basis points, according to Curinos, a real estate data analytics company. Especially when rates are this close, choosing the right option doesn’t come down to just rates. It’s how you plan to use your funds that will…
Understanding how equity rates work is more vital now that rates are on the move. Lenders have flexibility in pricing a HELOC or home equity loan, but your rate will depend on your credit score, the amount of debt you carry, and the amount of your loan or line relative to your home’s value. Shop…
If you’re looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster. However, not all banks offer high savings account rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
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…
If you’re looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster. However, not all banks offer high savings account rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
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…
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