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Month: July 2023

U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
BusinessEconomyUS

U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac

NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of…

July 6, 2023July 6, 2023
Meta’s Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter
BusinessEconomyTechnologyTop NewsUS

Meta’s Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter

By Aditya Soni (Reuters) -Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch,…

July 6, 2023July 6, 2023
Meta to launch Twitter challenger app Threads
BusinessTechnologyUS

Meta to launch Twitter challenger app Threads

By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon…

July 6, 2023July 6, 2023
NY Fed data shows underlying inflation may be slower than thought
BusinessEconomyUS

NY Fed data shows underlying inflation may be slower than thought

By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed…

July 6, 2023July 6, 2023
General

Big Money Bullish on Shopify

A huge investor has taken a bullish position on Shopify (NYSE:SHOP), and this development holds significance for retail traders. Among…

July 6, 2023January 29, 2025
Samsung profit likely lowest in more than 14 years as chip glut persists
AsiaBusinessEconomyTechnology

Samsung profit likely lowest in more than 14 years as chip glut persists

By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any…

July 6, 2023July 6, 2023
ChatGPT’s explosive growth shows first decline in traffic since launch
BusinessEconomyMiddle EastTechnologyTop News

ChatGPT’s explosive growth shows first decline in traffic since launch

By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and…

July 5, 2023July 5, 2023
Why a $1.5 trillion source of corporate financing is choking on higher rates
AsiaBusinessEconomyEuropeUS

Why a $1.5 trillion source of corporate financing is choking on higher rates

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and…

July 5, 2023July 5, 2023
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label
AsiaBusinessEconomyEntertainment and LifestyleEuropePoliticsTechnologyUS

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the…

July 5, 2023July 5, 2023
Binance market share takes regulatory hit, its US affiliate shrinks
BusinessEconomyTechnology

Binance market share takes regulatory hit, its US affiliate shrinks

By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have…

July 5, 2023July 5, 2023

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