The average 30-year fixed-rate mortgage rate increased to 6.43% for the week ending April 27, 2023, according to the latest Freddie Mac data. That’s up from last week when it averaged 6.39%. A year ago, it averaged 5.10%.  The average 15-year fixed-rate mortgage rate decreased to 5.71%, down from last…

The exodus from high-tax states continues. A growing number of Americans are migrating from predominantly blue states with steep taxes like California and New York to red states with lower taxes like Florida and Texas, according to a Bank of America analyst note that is based on aggregated and anonymous…

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise.The two entities signed an agreement that would combine the PGA Tour and LIV Golf’s commercial businesses and rights into…

Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday.The institution said advanced economies — the U.S., Japan and Euro area countries — are expected to grow by only 0.7% in 2023, down from 2.6% in…

Your iPhone’s autocorrect is getting a big ducking upgrade. Currently, when you enter a typo or key in an unrecognized word, Apple’s iOS uses some onboard machine learning and references a library of frequent misspellings to automatically correct your mistake. But, as anyone who has ever been seriously annoyed has…

Watch full video on YouTube

Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against the largest US based crypto…

Watch full video on YouTube

Elevator Pitch My investment rating for Dada Nexus Limited (NASDAQ:DADA) stock remains as a Hold. I discussed about DADA’s collaboration with Chinese short-form video platform Douyin and Dada Nexus’ full-year outlook in my prior March 21, 2023 article. Following an evaluation of DADA’s financial prospects in the short term and…

The destruction of the Kakhovka dam and power plant that unleashed floodwater across southern Ukraine is likely to limit Kyiv’s options in its incipient counter-offensive, according to military officials and analysts.Moscow and Kyiv traded blame on Tuesday for the demise of the dam, which spanned the Dnipro river and is…