Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for
Colorado’s new voter-approved gun initiative has a target unlike those of previous measures meant to reduce gun violence. The tax on guns and ammunition is meant to generate revenue to support cash-strapped victim services, and it’s an open question whether it will affect firearms sales. Use Our Content It can be republished for free. More
Share Tweet By Billy Hallowell Editor December 17, 2024 A new survey of thousands of American college faculty yielded some shocking results on free speech and academic freedom, with nearly three-in-10 professors stating they feel unable to speak openly over fears about how students, fellow faculty, and administrators might respond. This is just one of
Talk about great timing: Enigma has become the go-to app over the last month for people to share and discover videos of the mysterious drones flooding the Northeast skies. The New York-based company has many similarities to the popular app Citizen: Enigma invites users to post videos of what theyre seeing and provide the location
TikTok made a last-ditch effort on Monday to continue operating in the US, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan. 19 or face a ban. TikTok and ByteDance filed an emergency request to the justices for an injunction to halt
Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phony cryptocurrency investments. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on Dec. 10 at
Share Tweet By Billy Hallowell Editor December 11, 2024 “This is going to fundamentally change the balance of power in the region.” Joel Veldkamp, international communications officer for Christian Solidarity International, a persecution watchdog, is sounding the alarm about what will happen as the result of the toppling of Bashar al-Assad’s regime in Syria and
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€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. A suspect has been arrested on suspicion of assassinating top Russian general Igor Kirillov, who died alongside his assistant when a bomb planted on a scooter exploded outside his house in Moscow on Tuesday.
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, in line with analysts’ predictions, cementing expectations that the Bank of England will hold rates steady at its meeting on Thursday. The year-on-year rise in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. University fees in England are set to surpass £10,000 this parliament, as education secretary Bridget Phillipson draws up plans to continue with inflation-linked fee increases over the next three years. The funding settlement will come
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil and gas explorers in the UK are operating with “hands tied behind” their backs, according to the chair of Ineos Energy, with “punitive” government tax policies forcing them to seek opportunities in other markets.
Tengbo Yang, a Chinese man who became a confidant of the UK’s Prince Andrew, allegedly worked for a senior part of China’s hierarchy that Beijing calls “its magic weapon”. But this week in London, that weapon spectacularly backfired. While the United Front Work Department, where UK intelligence agency MI5 alleges Yang worked, is regarded by
Ted Sarandos, the 60-year-old chief executive of Netflix, has been a prominent Democratic donor for years. But on Tuesday, he became the latest senior figure in corporate America to step into Donald Trump’s Mar-a-Lago resort to pay tribute to the Republican president-elect and build relations with his incoming administration. From Hollywood to Silicon Valley and
Microsoft bought twice as many of Nvidia’s flagship chips as any of its largest rivals in the US and China this year, as OpenAI’s biggest investor accelerated its investment in artificial intelligence infrastructure. Analysts at Omdia, a technology consultancy, estimate that Microsoft bought 485,000 of Nvidia’s “Hopper” chips this year. That put Microsoft far ahead
Brexit has hit UK trade less than many forecasters predicted thanks to larger companies adapting to red tape at the border, according to research by the London School of Economics. Researchers estimated UK worldwide goods exports and imports fell 6.4 and 3.1 per cent respectively between 2020 and 2022, compared to the levels predicted for
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<img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as
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