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London CNN —Investors are snapping up the shares of a British maker of tiny computers after it went public on the London Stock Exchange Tuesday. Raspberry Pi stock soared as much as 40% in early trade before paring those gains slightly by 11.54 a.m. The Cambridge-based company started life in 2012 as a commercial subsidiary of the Raspberry Pi Foundation, a charity founded four years earlier to promote computer science in schools. To date, Raspberry Pi has sold more than 60 million computers worldwide, according to its website. Raspberry Pi plans to invest the funds raised in developing its products and expanding its educational activities.
Persons: Pi, Eben Upton, “ It’s, ” Russ Mould, AJ Bell, haven’t, Organizations: London CNN —, London Stock Exchange, Pi, Pi Foundation, Industrial, University of Cambridge, Nasdaq, Cambridge University, Sony, SONY, CNN Locations: British, Cambridge, New York, London
New York CNN —The average federal tax refund is more than $3,000, according to the latest data from the IRS. … They don’t understand how much interest they’re paying,” Russ said. Create or add to an emergency fundYou can use your refund to start or bolster an emergency fund. If you have high-rate debt and you’re lacking emergency savings, Russ suggested you might use a portion of your refund to attack your debt and the other portion to create an emergency fund. If you need the money within three years, you might consider putting your refund in certificates of deposits and US Treasury bonds.
Persons: you’re, , Eric Bronnenkant, Keyana Russ, ” Russ, Russ, Bronnenkant, Roth,  Bronnenkant, Charles Schwab, ” Bronnenkant Organizations: New, New York CNN, Ponds Financial, Invest, Roth IRA, Treasury Locations: New York, Ponds
When official interest rates rise, so do investors’ expectations for returns on bonds, known as yields. In the United Kingdom, the yield on 30-year bonds also reached 5% this week, the highest level in more than two decades. Yields on Italy’s 10-year bonds hit 5% on Wednesday, the highest level since 2012, when that crisis was in full swing. Mortgage rates riseThe yields on local government bonds are usually used by banks to price mortgages. High official interest rates in America and Europe have also raised the cost of borrowing for businesses.
Persons: Saul Loeb, Liz Truss, , Matt Cardy, Freddie Mac, Andrew Sheets, Morgan Stanley, Stocks, ” Russ Mould, AJ Bell, we’ve, , , That’s, ” Susannah Streeter, Hargreaves Lansdown Organizations: London CNN, US Treasury Department, Getty, UK, CNN, Nasdaq, Federal Reserve, BlackRock, Hargreaves Locations: Washington ,, United Kingdom, Bath, England, United States, Europe, America
After a two-week standoff between protesters and construction crews building a border wall made of shipping containers, the Department of Justice filed a lawsuit Wednesday against Arizona, accusing it of trespassing on federal land. "Arizona has unlawfully and without authority failed to remove the shipping containers from lands owned by the United States or over which the United States holds easements, thereby damaging the United States," the complaint reads. In August, Ducey issued an executive order directing the Arizona Department of Emergency and Military Affairs to fill gaps in the existing border wall in Yuma County using shipping containers. Important waterways are being damaged or altered by the placement of shipping containers on land that serves as important habitats and crossings, including for endangered species, he said. "Under the Clean Water Act, they have created a dam with those shipping containers and it just looks like a junkyard now."
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