Finance

Adjustable-rate mortgages are staging a comeback as buyers seek lower rates

Adjustable-rate mortgages are staging a comeback as buyers seek lower rates

A type of mortgage that fell out of favor in the aftermath of the financial crisis is catching on again. Adjustable-rate mortgage demand has surged this year, making up 12.9% of all originations ...

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Stocks Show Little Geopolitical Worry After $16 Trillion Rally

Stocks Show Little Geopolitical Worry After $16 Trillion Rally

And the Federal Reserve’s interest-rate cut this week has all but cemented confidence on further gains into the year end. (Bloomberg) — It’s long been a somewhat unseemly fact about ...

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Reid Hoffman says he does the ‘max subscription’ across AI agents. That would cost at least $650 a month.

Reid Hoffman says he does the ‘max subscription’ across AI agents. That would cost at least $650 a month.

Reid Hoffman says he pays for max subscriptions across all AI tools. The LinkedIn cofounder says he often takes an initial prompt and then feeds it to multiple agents. Hoffman’s AI hac...

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Mandelson ally facing High Court battle over debts

Mandelson ally facing High Court battle over debts

Anthony Watson stepped away from The Bank of London in Sept 2024 – Wikimedia Commons A leading Labour Party donor is battling to stave off the threat of bankruptcy in a court case over ...

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Steak prices exceed £30 as restaurants battle soaring beef prices

Steak prices exceed £30 as restaurants battle soaring beef prices

Britain’s steakhouses are poised to start charging at least £30 for a piece of steak as restaurants grapple with soaring beef prices. Diners have been warned to expect significant price increases ...

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The stock market finally has what it wants — and is now asking ‘now what?’

The stock market finally has what it wants — and is now asking ‘now what?’

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The breadth of strength is unmistakable for anyone watching their po...

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