Finance

Average US long-term mortgage rate edges lower, remaining near its low for the year

Average US long-term mortgage rate edges lower, remaining near its low for the year

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last...

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CPI report shows the inflation rate rose at a 2.7% pace in November

CPI report shows the inflation rate rose at a 2.7% pace in November

The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and providing a sign that price pressures may be easing. By the numbers The CPI was expecte...

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Meta’s Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports

Meta’s Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports

Dec 18 (Reuters) – Meta’s outgoing chief artificial intelligence scientist Yann LeCun is holding early talks to ​raise 500 million euros ($586.00 million) for a new ‌startup that would...

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Micron shares up 12% in Europe after blowout forecast

Micron shares up 12% in Europe after blowout forecast

Dec 18 (Reuters) – Micron Technology’s ​Frankfurt-listed shares ‌soared almost 12% ‌in early European trading on Thursday following ⁠an ‌upbeat forecast from the ‍U.S. computer memory ...

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Analysis-Return of ‘Make Europe Great Again’ trades hinges on German comeback

Analysis-Return of ‘Make Europe Great Again’ trades hinges on German comeback

By Yoruk Bahceli and Samuel Indyk LONDON, Dec 18 (Reuters) – For European markets overshadowed by the United States since the summer, investors are hoping a spending bonanza in Germany R...

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Amazon is prospective tenant that withdrew funding from Fermi’s project, Insider reports

Amazon is prospective tenant that withdrew funding from Fermi’s project, Insider reports

Dec 17 (Reuters) – Amazon is the prospective tenant that withdrew funding ​from REIT Fermi’s massive data-center ‌project, Business Insider reported on Wednesday, citing the ‌data cent...

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