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Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan rose 7% for the week and were 21% higher than the same week one year ago. Rates last week were just 32 basis points higher than they were a year ago, and that gap has been shrinking. While higher mortgage rates certainly hurt affordability, today's buyers are still facing very low supply and stiff competition, which fuels bidding wars.
Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois
London CNN —UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets. Without that discount, the combined fine would have topped £88 million ($112 million). The Bank of England highlighted an incident in May 2022 when one of the bank’s “experienced” traders sold $1.4 billion worth of stocks on European exchanges in error. Citigroup’s systems blocked $255 billion of that, meaning that $189 billion was sent to its trading platform for sale “over the rest of the day.” In total, $1.4 billion worth of stocks was sold before the trader canceled the transaction. Following the incident, Citigroup has taken steps to “improve and strengthen” the security of its trading systems, the central bank said.
Persons: , Sam Woods Organizations: London CNN —, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, Bank of England, FCA, Locations:
Here are the 10 decor mistakes she hates to see in other people's homes. "The drapery rod should be hung as high up as possible, close to the ceiling," Moreira said. Repeating too many of the same wood tones can make the room look one-dimensionalIt's not ideal to buy furniture in matching wood tones when decorating a room, Moreira told BI. When shopping, she said, consider the floor space you're working with as well as the architecture of the room. "You should have good traffic flow within the space, but it should never feel like it's missing a piece or feel empty," Moreira told BI.
Persons: , Manuella Moreira, Moreira, Nightstands, Fiordaliso Organizations: Service, Business Locations: Los Angeles
LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."
Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City
But on June 3, 2023, the two finally made it to the second night of Swift's Eras Tour in Chicago. After almost a year of dating, including attending three more Eras Tour shows together, the two got engaged this past weekend. Advertisement"At an Eras Tour in SoFi, I gave her a friendship bracelet to ask her to be my girlfriend," McCarty said. "I remember that one time you gave me a bracelet," Messinger said in her proposal. They named their dog August after the song, and plan to attend the Eras Tour show in London this summer to celebrate their engagement.
Persons: , Taylor Swift, Kayla McCarty, Kat Messinger, would've, hadn't, McCarty, MaryGrace, Messinger, Kayla McCarty Messinger, Kat, I'd, " McCarty, Swift, Travis Kelce, Taylor, She's Organizations: Service, Business, Yosemite National Locations: Chicago, California, Messinger, Iowa, SoFi, Portland , Oregon, Yosemite, Portland, London
Exxon Mobil 's monthslong battle with two environmentally focused activist investors has cost the company the support of the California Public Employees' Retirement System. The two activists submitted a shareholder proposal that would have forced the company to reduce direct emissions and set a target for lowering emissions at suppliers and customers. Exxon sued the investors in Texas federal court in January, prompting them to withdraw the proposal. Even with the activists backing off, Exxon has continued its lawsuit to prevent the activists from ever again submitting such a proposal. CalPERS said in its letter that Exxon's "reckless" lawsuit threatened shareholder activism efforts on any issue.
Persons: Darren Woods, Arjuna, CalPERS, Marcie Frost, Theresa Taylor, it's, Greg Goff, Kaisa Hietala, Andy Karsner, Jeff Ubben Organizations: APEC, Summit, Moscone West, Exxon Mobil, California Public Employees, Exxon, CNBC, ExxonMobil, Securities and Exchange Commission, Inclusive Capital Locations: San Francisco , California, Texas
CNN —American golfer Xander Schauffele won the 106th PGA Championship on Sunday, holding off compatriot Bryson DeChambeau in a nail-biting finale to clinch a long-awaited first major title. A final round six-under 65 was just enough to clinch a maiden major title for Schauffele, shredding his unwanted title as one of the most talented golfers to never win one of golf’s four flagship events. Andrew Redington/Getty ImagesDeChambeau laments his ‘B’ gameA fired up DeChambeau played a near-perfect round to push Schauffele to the death, shooting a bogey-free 64 as he hunted a second major crown. 1 and tournament favorite Scottie Scheffler before Friday’s second round. Scheffler escapes a bunker during the final round.
Persons: Xander Schauffele, Bryson DeChambeau, LIV Golf’s DeChambeau, Schauffele, Wanamaker, “ It’s, I’ve, , ” “, , Andrew Redington, DeChambeau, Xander, ” DeChambeau, , Norway’s Viktor Hovland, Collin Morikawa, bogeying, Belgium’s Thomas Detry, Scottie Scheffler, Scheffler, Adam Cairns, Reuters “ I’m, ” Scheffler, Schauffele’s bogeyless, Hovland, lasering, , birdies, Scott Taetsch, LIV Organizations: CNN, 106th, Valhalla Golf Club, Masters, Reuters, PGA, Pinehurst, Country Club, America Locations: American, Louisville , Kentucky, Lousville, USA, Texas, North Carolina, Valhalla, Hovland
Police dispatchers use the term as a geographic point of reference: “There’s a very large fire coming from the Jungle behind Carpet Warehouse …”The Jungle. Tucked beside railroad tracks that course through gnarly woods, the encampment harbors the disenfranchised and distrusting, the addicted and the unwell, the vulnerable and the predatory. It is an off-the-grid community, a hide-out, a drug den, a home for people with nowhere else to go. A place of freedom and fire, overdose and escape, where the police are uncertain of their role and first responders enter with caution. But the Jungle reflects more than the often-intertwined plagues of drug addiction, mental illness and homelessness.
Organizations: Police, Jungle Locations: New York, Ithaca
AdvertisementHere are the top numbers and notes to know from the final round of the 106th PGA Championship. At 20-under, DeChambeau became the first player to shoot minus-20 or lower in a major championship and not win. Morikawa was looking to join Woods as the only men to win the PGA Championship twice in their first five tries in the stroke play era. Tied with Morikawa in fourth place was Thomas Detry, who enjoyed the best finish of his young major championship career. One day after recording his first over-par score since August, Scottie Scheffler finished his chaotic PGA Championship week with a more familiar 65.
Persons: it’s, Xander Schauffele, Schauffele, Bryson DeChambeau, Brooks, he’s, Rory McIlroy, Tiger Woods, Woods, DeChambeau, Brendan Steele, McIlroy, — DeChambeau, Dustin Johnson, Jack Nicklaus, That’s, Viktor Hovland, Henrik Stenson, Johnson, Collin Morikawa, Morikawa, Thomas Detry, Scottie Scheffler’s, Matt Stone, Scottie Scheffler, Scheffler, Tom Watson, Justin Thomas, Thomas, JT, Wanamaker, Jordan Spieth, Spieth, Martin Kaymer, Larry Nelson, Hal Sutton, Ben Crenshaw, Andy Lyons Organizations: Valhalla Golf, PGA, 106th PGA, Bethpage, Valhalla, U.S . Amateur, PGA Championship, Riviera, Mexico, American Express, Puerto Rico, PGA Tour, Amateur, Big, Scheffler, Southern Hills, U.S, U.S ., 124th U.S ., Getty Locations: Valhalla, Vidanta, U.S, Pinehurst, Illinois, USA, Kentucky, Koepka, Shinnecock, Bellerive
Keep reading to learn how to watch the PGA Championship live streams, including cable and recap options. 2023 PGA Championship winner Brooks Koepka is also participating in the competition this year, along with Tiger Woods, Rory McIlroy, and others. Keep reading to learn your watch options for the PGA Championship as it heads into the weekend for Rounds 3 and 4. How to watch the PGA Championship in the USOver the weekend, coverage will be split among three channels/streamers. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.
Persons: Scottie Scheffler, Scheffler, Brooks Koepka, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, America, PGA, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Valhalla, British
CNN —His body shaking, Scottie Scheffler sat in a jail cell watching the story of his own arrest unfold on a nearby TV. Once his heart rate had settled, the world’s top-ranked golfer began his warm-up routine for the second round of the PGA Championship in Kentucky. Mere hours after being arrested, charged with felony assault and released from jail, Scheffler eased round Louisville’s Valhalla Golf Club with a five-under 66 to accelerate his pursuit of a second consecutive major title. “I feel like my head is still spinning,” tournament favorite Scheffler told reporters on his return to the clubhouse. Andy Lyons/Getty ImagesAsked about Scheffler, Schauffele added: “You felt like it was sort of a prank or something when you see a mug shot of Scottie.
Persons: Scottie Scheffler, Scheffler, , John Mills, Mills, , ” Scheffler, Maddie Meyer, Xander Schauffele, Collin Morikawa, Morikawa, Schauffele, Andy Lyons, Scottie, we’ve, Theegala, Mark Hubbard, Bryson DeChambeau, Thomas Detry, Woods, Scott Taetsch, ” Woods, Jon Rahm, Matt Fitzpatrick, Phil Mickelson Organizations: CNN, PGA, Golf, America, Getty, ESPN Locations: Kentucky
The S & P 500 broke above 5,300, also for the first time. The S & P 500 has notched record close after record close in 2024. This quarter, the top-performing S & P 500 sector is utilities, higher by 9%, followed by communication services, up by 4%. The S & P 500 and Nasdaq Composite each closed out a fourth straight week of gains. Sustaining all-time highs Nvidia's earnings will also be a key catalyst at a time when technicians are watching to see whether stocks can sustain the record levels they reached this week.
Persons: what's, they're, Jay Woods, hadn't, Piper Sandler's Harsh Kumar, Kumar, Jensen Huang, Blackwell, Zachary Hill, Chris Zaccarelli, Zaccarelli, Woods, Katie Stockton, Stockton, TJX Cos, Raymond James Thursday, Ralph Lauren Friday, Nick Wells Organizations: Nvidia, Federal Reserve, Dow Jones, Freedom Capital, Dow, Nasdaq, Independent, Alto Networks, Devices, Target, Chicago, PMI, New, . Kansas City Fed, Intuit Locations: Stockton, . Kansas
CNN —Scottie Scheffler is a man well-accustomed to making global headlines, but almost never for events beyond the confines of the golf course. In 2014, at 17, as an amateur he made a hole-in-one and the cut on his first PGA Tour start. Without a PGA Tour victory heading into 2022, by April of that year he was a four-time victor, the world No. 1’s image as the self-effacing star of the PGA Tour, a perception he is content to endorse. His 10th PGA Tour title, it made him the first golfer since Woods in 2006 to win a PGA Tour event the week after triumphing at a major.
Persons: Scottie Scheffler, Tiger Woods, Scheffler, Ryder, Scheffler coasted, , Meredith, ” Scheffler, Ted Scott, ” Scottie Scheffler, David J, Phillip, Mary, Grandma, CNN Sport’s Don Riddell, Jared C, Tilton, Scheffler’s, Riddell, , I’m, I’ve, golf’s, Jamie Squire, Arnold Palmer, Andrew Redington, Bennett, Woods, triumphing, Rory McIlroy, Scott Organizations: CNN, Dallas, PGA, Augusta National, University of Texas, TPC, PGA Tour, Cowboys, Team USA, Ryder, Arnold Palmer Invitational, RBC Heritage, Northern Locations: Ridgewood , New Jersey, Augusta, Ponte Vedra Beach , Florida, Dallas, Rome, Valhalla, Louisville
Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.
Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, , Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China
We'll show you all of your live streaming options when it comes to how to watch the PGA Championship. Held on the Valhalla Golf Course in Louisville, Kentucky, the PGA Championship has become a staple of the PGA Tour. Keep reading to learn all of your watch options for the PGA Championship, including notable tee times for each day of the tournament. ESPN+ doesn't live stream the ESPN channel, so you'll need to try out a live TV streaming alternative to access this portion of the tournament without cable. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.
Persons: it's, Brooks Koepka, Scottie Scheffler, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, PGA, PGA Tour, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Louisville , Kentucky, British
CNN —Only four times in the history of all four men’s major championships has a golfer shot 62. “I’ll take a 62 in any major any day,” Schauffele told reporters Thursday. Scheffler shot 67 to pen the latest positive chapter in the unfolding story of a truly remarkable year. Matt York/APTiger Woods had looked on course to make a solid start of his own at his 23rd PGA Championship, only for a closing pair of sloppy three putts to drop him to one-over 72. Defending champion Brooks Koepka was among those to shoot 67 as he hunts a fourth PGA Championship win, two strokes better than grand slam chasing compatriot Jordan Spieth.
Persons: Xander Schauffele, Schauffele, Rickie Fowler, ” Schauffele, “ It’s, Ross Kinnaird, Branden Grace, Rory McIlroy, , , ” Scheffler, Scottie Scheffler, Scheffler, Matt York, Woods, “ I’ve, I’ve, ” Woods, Christian Petersen, Tony Finau, Sahith, McIlroy, Robert MacIntyre, Brooks Koepka, Jordan Spieth, Schauffele teeing Organizations: CNN, Valhalla Golf, PGA, 126th, Wells, Getty, Scottish Ryder Locations: blitzing, Valhalla, Kentucky, Southport , England
Research shows that former President Donald Trump’s tariffs on China did indeed raise prices on consumers and businesses — despite his claims otherwise. The study found tariffs imposed by former President Donald Trump did not meaningfully contribute to inflation. “The new Biden tariffs, like the more extensive ones that Trump has promised, will worsen US inflation. It is fair to debate how much the Biden tariffs will impact inflation because they are not nearly as widespread as what Trump imposed and what Trump is promising if he’s reelected. Trump enacted sweeping tariffs on $300 billion in Chinese imports, setting off a trade war between the world’s two biggest economies.
Persons: Katherine Tai, Joe Biden’s, ” Tai, , Donald Trump’s, Tai, Angela Perez, Donald Trump, Goldman Sachs, Tai’s, “ Trump, ” Biden, , Alex Durante, Tai’s “, Maury Obstfeld, Biden, , Trump, he’s, ” Perez, White, Morgan, Daleep Singh, Jen Psaki, Jared Polis, ” Polis, Ed Mills, Raymond James, David Kelly, ” Kelly Organizations: New, New York CNN, US, White, Research, CNN, US International Trade Commission, , China, Tax, Obama, Peterson Institute for International Economics, Biden, Atlantic Council, Bretton, Committee, , Colorado Gov, Republicans, Asset Management Locations: New York, China, Ukraine, EVs, Europe
Tiger Woods, world No. Yang?’Despite his giant-slaying efforts, Yang was still relatively unknown when he pitched up to PGA Tour qualifying school the following season. Yang clinched his first PGA Tour title on his fourth start of the season at the Honda Classic to join K.J. Streeter Lecka/Getty Images“I wasn’t that nervous because it’s a game of golf,” Yang told reporters. The 24-year-old American stamped a last-minute ticket to Valhalla with his first PGA Tour victory at the inaugural Myrtle Beach Classic on Sunday.
Persons: Yang, , Woods, , Joe, Mike Douglas, Yang –, Joe ”, fatefully, Yang toasts, , , ” AJ Montecinos, texted, “ I’d, ” Montecinos, Montecinos, Jamie Squire, Choi, Montecinos –, Charles Baus, It’s, you’re, – it’s, Streeter Lecka, ” Yang, “ It’s, ” Woods, I’m, Hideki Matsuyama’s, Yang …, Christian Petersen, Montecinos ’, Chris Gotterup, Wanamaker, Tiger Organizations: CNN, Korean –, Hazeltine, Augusta National, , CBS, European, HSBC, PGA Tour, PGA, Honda, K.J, Koreans, South Korean, Woods, Tiger, Hong, Korean, Southern Hills, Myrtle Beach Locations: Chaska , Minnesota, Jeju, Korea, Asia, Shanghai, China, Korean, Texas, San Antonio, Hazeltine, Woods, Hong Kong, Tulsa , Oklahoma, Valhalla, Kentucky
CNN —The driver of the pickup truck involved in a Tuesday crash that killed eight people and left more than 40 injured in north-central Florida has been arrested and charged with eight counts of DUI manslaughter, according to a news release from the Florida Department of Highway Safety and Motor Vehicles. The 2010 International Bus carrying “approximately 53 farm workers” and a 2001 Ford Ranger sideswiped each other around 6:35 a.m., about 15 miles west of Ocala, the Florida Highway Patrol said in a statement. The Ford, “for unknown reasons, traveled toward the center line” before the vehicles struck each other, Lt. Patrick Riordan of the Florida Highway Patrol said at a news conference at the scene. The bus then left the roadway, went through a fence and overturned. There’s no reason for me to be involved with these individuals.
Persons: , Patrick Riordan, James Lucas, ” Riordan, WESH, Riordan, Billy Woods, Woods, ” Woods, Alicia Bárcena, , Ana Melgar Zugina, Gregory Wallace Organizations: CNN, Florida Department of Highway Safety, Motor Vehicles, Ford, Patrol, Fire Rescue, Mexico’s, Twitter, Transportation Safety Board, US Department of Transportation’s Federal Motor Carrier Safety Administration, Sheriff’s Locations: Florida, Ocala, Marion, Marion County, Mexican, Orlando
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. AdvertisementLinda, a phone sex operator, told Business Insider that artificial intelligence is being adopted by some in the sex work community, and she now regularly sees AI-generated images on profiles of fellow phone sex workers. "It's not for everyone, but, honestly, I think it's great — like you want a sex robot, guys — here ya go! " Representatives for OpenAI did not immediately respond to a request for comment from Business Insider.
Persons: , Scarlett Johannson, Joaquin Pheonix —, OpenAI, Scott Woods, Sam Altman, Linda, Kaitlyn, Amouranth, Siragusa Organizations: Service, Business, Mars, BI, Polygon, The New York Post Locations: Berlin
Hyper-luxury golf carts that you can drive on the road
  + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com   time to read: +7 min
But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.
Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, , , Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, , we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, , London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWoods: Stocks are most volatile around CPI than any other data pointJay Woods, Chief Global Strategist at Freedom Capital Markets, discusses the new trading week ahead.
Persons: Jay Woods Organizations: Chief Global, Freedom Capital Markets
Anti-Israel protesters are just engaging in a form of performance art, says Citadel CEO Ken Griffin. Griffin said he was pausing his donations to Harvard over its approach to on campus antisemitism. AdvertisementCitadel founder and CEO Ken Griffin, 55, isn't a fan of the anti-Israel protesters that have taken over American college campuses. That's just anarchy," Griffin said of the student protesters. Griffin's criticisms of student protesters highlight the huge influence that Corporate America has on higher education.
Persons: Ken Griffin, Griffin, , we're, That's, Griffin didn't, Harvard didn't, Darren Woods, Kevin O'Leary, O'Leary Organizations: Israel, Citadel, Harvard, Service, Financial Times, Columbia University, UCLA, The New York Times, BI, mater, Harvard University, Harvard Gazette, Senate, IBM, Funds Association Network Miami, Ivy League, CNBC, Fox News Locations: Israel
When I was married, it was our unofficial tradition for me to be disappointed each Mother's Day. And every year, my husband would forget,My first Mother's Day as a single parent arrived just weeks after my husband left our family home. AdvertisementThe holiday highlighted our disconnectLooking back, I can see that my Mother's Day angst was just one of many signs that our marriage was in trouble. He wanted someone who planned, shopped for, and executed each magical holiday, including her own Mother's Day. I get to plan whatever I want nowThe beauty of a single Mother's Day is that I can make it whatever I want.
Persons: we'd, , There's, I've, they'll, pedicures Organizations: Service Locations: minimums
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla isn't out of the woods yet when it comes to returning to growth, says Deepwater's Gene MunsterHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tesla, Deepwater's Gene Munster, Brian Sullivan, Organizations: CNBC
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