Mortgage rates surge past 7%, reaching highest level since November | CNN Business
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Mortgage rates are climbing based on expectations…
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World faces permanently higher interest rates, warns Bank of England’s Megan Greene –
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.Megan Greene, an external member of the…
TGI Fridays to go public through merger with its U.K. franchisee
The TGI Fridays logo is seen on one of its restaurants in London, U.K., on May 27, 2020.John Lamparski | Lightrocket | Getty ImagesTGI Fridays and Hostmore, the chain's U.K. franchisee, announced plans to merge on Tuesday.The all-share…
OpenAI bids for Japan business as it opens Tokyo office
Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo."This is just the first step in what I hope will be a long-term partnership with the people…
Dollar stores are shutting down across America. They did this to themselves | CNN Business
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These are tough times for two big US dollar store chains. In the past month, Family Dollar said it…
Luminance Series B raises $40m for its legal AI document checker
Luminance, the AI-driven legal document checker, has raised $40million in a Series B funding round as it bids to propel global growth and expand its US footprint.Developed by mathematicians from the University of Cambridge, Luminance…
It’s jobs week. Here’s what to watch for | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…
Stock market today: Wall Street slips as bond yields jump on surprisingly strong
NEW YORK (AP) — Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58…
Romania and Bulgaria partially join Europe’s Schengen travel zone, but checks at land
SOFIA, Bulgaria (AP) — Romania and Bulgaria partially joined Europe’s ID-check-free travel zone on Sunday, marking a new step in the two countries’ integration with the European Union. After years…
Start stocking up your savings now – and avoid a retirement crisis
Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind.
But this column has always sought to put his career into the context it…