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☆ Apple fans are eager for any sign at all of its AI intentions after a rough year
▼ + stars: | 2024-04-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Fans and investors are hoping that AI might help save what's shaping up to be a bad year for Apple. On Thursday, Apple shares rose more than 4% on news it plans to revamp Macs with an AI-focused chip. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like Apple investors will jump at any sign of good news on the AI front after the company's rough start to the year. On Thursday, Apple rose more than 4% after Bloomberg reported that it will overhaul its Mac lineup with new M4 processors focused on AI.

Persons: —, It's Organizations: Apple, Service, Bloomberg Locations: China

Average 30-year mortgage rates increased to 6.88% this week, according to Freddie Mac. If this measure shows some slowing in inflation, mortgage rates could inch back down. It's likely that we'll need to wait for more data before it becomes clear how mortgage rates will trend this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments.

Persons: Freddie Mac, It's, Fannie Mae Organizations: Federal Reserve, CPI, of Labor Statistics, Zillow, Mortgage, Association, ARM Locations: Chevron

☆ Stock futures are little changed as Wall Street awaits bank earnings: Live updates
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. S&P 500 futures and Nasdaq 100 futures were little changed. The muted action follows a sharp rebound for the S&P 500 and the Nasdaq Composite as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while the S&P 500 gained 0.74%.

Persons: Dow, Apple, Thomas Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg News, Apple, Nvidia, Globalt Investments, CNBC, JPMorgan Chase, Citigroup Locations: New York City, U.S, Wells Fargo, BlackRock

☆ Apple shares just had their best day since last May
▼ + stars: | 2024-04-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024. Apple shares climbed 4.3% on Thursday to a share price of $175.04. Apple's rise came during a strong day for technology stocks, especially those in artificial intelligence, as the Nasdaq Composite rose 1.77%. Apple shares are down more than 5% so far this year. On Thursday, JPMorgan analysts wrote that sentiment over Apple shares is improving with hedge fund investors, partially due to its recent stock slide.

Persons: Tim Cook, Apple's, Samik Chatterjee, Chatterjee Organizations: Apple, Nasdaq, JPMorgan, Apple's Worldwide, Bloomberg Locations: New York City, China

☆ Mortgage rates rise after disappointing March inflation report
▼ + stars: | 2024-04-11 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Mortgage rates drifted higher this week, and could increase further, in a sign that America’s affordability crisis isn’t letting up. The Federal Reserve doesn’t directly set mortgage rates, but its actions do influence them, and hotter-than-expected inflation readings could keep the central bank from reducing interest rates. That doesn’t bode well for lower mortgage rates, and economists don’t expect rates to fall below 6% this year, especially if the Fed does not end up cutting interest rates. Inventory gains could improve affordabilityMortgage rates are not expected to drop meaningfully this year, but further improvement in housing inventory could improve affordability. A lack of homes has been a longstanding issue keeping America’s housing market unaffordable and is especially frustrating for first-time buyers.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, doesn’t bode, Joe Biden Organizations: Washington CNN —, Federal Reserve, “, Federal, Treasury, National Association of Realtors, Homeowners, Fed

☆ Jim Cramer says Wall Street's too cynical on Jerome Powell, Nvidia and Apple
▼ + stars: | 2024-04-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said Wall Street should be less jaded, saying that to see gains, it is necessary to trust certain deserving market-moving figures. He specifically said he has faith in Federal Reserve Chair Jerome Powell, Nvidia 's Jensen Huang and Apple CEO Tim Cook, even as some on Wall Street have negative sentiments about these leaders. To Cramer, Powell is pragmatic and hasn't gotten the trust he deserves. Cramer added that he thinks Powell will be able to "fly the plane wherever it has to go." Cramer said he thinks Nvidia can work with many of these companies, who will also remain its clients.

Persons: CNBC's Jim Cramer, Jerome Powell, Nvidia, Jensen Huang, Tim Cook, who've, Cramer, Powell, hasn't, he's, Huang, Cook, Jay Powell Organizations: Apple, Nvidia, Big Tech, Bloomberg, Federal Reserve, CNBC

☆ Should you refinance your mortgage? Here are three signs it's time, real estate experts say
▼ + stars: | 2024-04-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Thanks to those high mortgage interest rates, refinance activity in 2023 was at the lowest level in 30 years. In the first and second quarters of 2023 there was only $75 billion and $80 billion, respectively, in mortgage refinance originations nationally, according to Freddie Mac, a government-sponsored entity that buys mortgages from banks. "We're just in a much higher interest rate situation with the economy," she said. "We've been so accustomed to mortgage rates as a baseline being at 2% or 3%," said Veronica Fuentes, a certified financial planner at Northwestern Mutual. Some lenders may require a higher interest rate if you finance closing costs, plus you'll be paying interest on those expenses for the life of the mortgage.

Persons: Freddie Mac, Jeff Ostrowski, Chen Zhao, Zhao, We've, Veronica Fuentes, that's, Ostrowski, CoreLogic's Organizations: Westend61, Getty, Federal Reserve, Northwestern Mutual

Mortgage rates are expected to drop this year, but so far they've remained near two-decade highs. Based on the current economic outlook, mortgage rates should go down in 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched up to 6.06% last week, according to Freddie Mac data.

Persons: Freddie Mac, you'll, it's Organizations: of Labor Statistics, Federal Reserve, Fed, Zillow Locations: Chevron

☆ What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler's new survey of teen likes and dislikes
▼ + stars: | 2024-04-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio. They added, that in their view, the Starbucks brand remains a "relevant social currency among teens." But they noted that Nike is now "starting to see weakness in overall brand mindshare." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Piper Sandler, it's, Estee Lauder, Locker —, Instagram, TikTok, China's ByteDance, Dunkin, Locker, Foot, Jim Cramer's, Jim Cramer, Jim, Avishek Das Organizations: Teens Survey, Apple, Facebook, Apple Watch, Starbucks, MAC, Sporting Goods, Nike, Piper, CNBC, Getty Locations: Piper's, Israel, Asia

Average 30-year mortgage rates increased to 6.82% last week, according to Freddie Mac. Though it's possible mortgage rates won't ever go that low again, they are expected to drop a bit this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.82% last week, according to Freddie Mac. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: Freddie Mac, you'll, it's Organizations: National Association of Realtors, Mortgage Bankers Association, Zillow, Federal Reserve Locations: Chevron

☆ Mortgage-backed securities offer high-quality income and are relatively cheap, UBS says
▼ + stars: | 2024-04-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors looking for high-quality income, as well as a bargain, should turn to agency mortgage-backed securities, according to UBS. Agency MBS are debt obligations backed by the government and are issued by agencies such as Fannie Mae, Freddie Mac and Ginnie Mae. However, agency MBS lagged their higher-quality counterparts because they are highly correlated to interest rate volatility, she said. As gross domestic product slowly trends lower, the market will become more comfortable with the likelihood of the Fed cutting rates, Falconio said. Banks, which have been investing excess deposits in Treasurys, will be among those turning to agency MBS, Falconio said.

Persons: Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio, Janus Henderson, Banks Organizations: UBS, CNBC, Agency MBS, Federal Reserve, MBS, SEC, Securities ETF Locations: UBS Americas, Treasurys

☆ Kendrick Lamar spells out what he hates about Drake in new diss track, 'Euphoria.' Here's their beef explained.
▼ + stars: | 2024-04-08 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +19 min

Kendrick Lamar responded to Drake with a new diss track, "Euphoria," as their beef rages on. AdvertisementKendrick Lamar has taken aim at Drake for a second time with his new diss track, "Euphoria," amid the hip-hop heavyweights' feud. Advertisement"He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. A 'Drake' diss track appears online – but fans are wary it's AI-generated. Later in the track, Drake references Cole's diss track and apology.

Persons: Kendrick Lamar, Drake, Lamar, Taylor, —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, he's, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “ Organizations: Metro Boomin, Service, Future, Metro, HBO, Wireless, Lamar, Big, Rocky, Rap Locations: Lamar, Canadian, Florida

Last month, 30-year mortgage rates averaged 6.47%, though they've been trending a bit higher in recent weeks, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.06% last week, according to Freddie Mac data, which is a five-basis-point decrease from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: they've, Freddie Mac Organizations: Fed, Investors, Zillow, Federal Reserve Locations: Chevron

This week, 30-year mortgage rates averaged 6.82%, according to Freddie Mac. Though mortgage rates are expected to go down in 2024, when they'll start dropping depends on how inflation trends in the coming months. This has kept mortgage rates elevated. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, they've, Fannie Mae, you'll Organizations: Federal Reserve, Mortgage, Association, Zillow, Sky Locations: Chevron

☆ A supercomputer is tracking one of most exciting soccer title races for years. It keeps coming up with different predictions
▼ + stars: | 2024-04-05 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

CNN —A supercomputer is tracking one of the most exciting English Premier League title races in years and with three clubs involved, separated by a matter of points, it keeps spitting out different predictions as it analyzes thousands of simulations. Liverpool leads the title race on 70 points, with Arsenal second on 68 and City third on 67. Manchester City has the chance to win an unprecedented fourth straight Premier League title. Oli Scarff/AFP/Getty ImagesTwists and turnsLiverpool’s result follows a successful night for Manchester City and Arsenal on Wednesday, with both teams easing to victories. The team now looks focused on winning a league title as the perfect way of saying thank you to Klopp after his years of service.

Persons: “, ”, Oli Scarff, Kevin De Bruyne, Erling Haaland, Phil Foden, –, Arsenal breezed, Mikel Arteta, Martin Ødegaard’s, they’ll, Guardiola, David Price, ” Guardiola, Arteta, Klopp, Sheffield United – Klopp, Darwin, Conor Bradley, Mo Salah, Molly Darlington, Nunez, Ivo Grbic’s, Alexis Mac Allister, Cody Gakpo, ” Klopp, – it’s Organizations: CNN, English, League, – Liverpool, Arsenal, Manchester City –, Premier League, Liverpool, ”, Sheffield United, Manchester City, Reds, Aston Villa, Champions League, Crystal, team’s Champions League, Real Madrid, City, Manchester United, Old, FA, Arsenal FC, Getty, Invincible, Gunners, Luton, Reuters, Chelsea Locations: Liverpool, AFP, City, Luton, Old Trafford, Arteta, London, Chelsea

☆ 10 popular McDonald's menu items that cost up to 168% more now than a decade ago
▼ + stars: | 2024-04-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Collectively, the cost of a group of the most popular McDonald's items has doubled in that time. FinanceBuzzAmong the biggest McDonald's price hikes was for the McDouble sandwich, which went from an average price of $1.19 in 2014 to $3.19 in 2024 — a 168% increase. McDonald's has increased prices multiple times over the past decade. Executives acknowledged in February that McDonald's price increases had put off customers who made $45,000 a year or below. The fried-chicken chain Popeyes increased prices by 86%, while Taco Bell hiked them by 81%, the study found.

Persons: McDonald's, Price, —, FinanceBuzz, Burger, Taco Bell, Daniel Roccato Organizations: Starbucks, Service, Mac, Burger King, Business, Taco, University of San, Knauss School of Business Locations: McDonald's

☆ Miley Cyrus was a lifelong fan of Beyoncé before they dueted on 'II Most Wanted' — here's the proof
▼ + stars: | 2024-04-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

Miley Cyrus is featured on "II Most Wanted," the 16th track on Beyoncé's new album "Cowboy Carter." Cyrus and Beyoncé previously performed together in 2008 during a "Stand Up to Cancer" telethon. Critics have praised Cyrus and Beyoncé as "two pop chameleons," delivering a "tastefully restrained" and well-balanced performance. "My favorite song on the album is 2 most wanted with Miley Cyrus ! Read more of Business Insider's "Cowboy Carter" coverage here.

Persons: Miley Cyrus, Carter, Cyrus, Beyoncé, —, Hannah Montana, Miley, Fleetwood, Rihanna, Cowboy Carter, Cyrus reshared, Tina Knowles, Lawson, I've, Dolly Parton, Dolly, Read Organizations: Cancer, Service, Disney Channel

Average 30-year mortgage rates ticked up above 6.50% for the first time in more than a week, according to Zillow data. Once the Fed starts cutting rates, mortgage rates should ease. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched up to 6.11% last week, according to Freddie Mac data.

Persons: Federal Reserve Bank of Cleveland Loretta Mester, Mester, you'll, Freddie Mac, it's Organizations: Federal Reserve Bank of Cleveland, Investors, Zillow, Federal Reserve Locations: Chevron

If either of these reports come in hotter than expected, mortgage rates could spike up. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.11%, a 10-basis-point decrease from the previous week, according to Freddie Mac data. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased over three percentage points in 2022. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: you'll, Freddie Mac, it's Organizations: Federal Reserve, of Labor Statistics, Zillow Locations: Chevron

☆ Baltimore’s economy has been humming. Then a bridge collapsed
▼ + stars: | 2024-04-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Baltimore’s regional economy has a lot going for it such as low unemployment and low inflation. That’s well below the national rate of 3.9% in February and ranks 43rd out of 389 regions across the country with more than one million residents. Low inflationThe US economy is still dealing with high inflation, but that’s not much of a problem for the Baltimore metro. Inflation in Baltimore slowed dramatically last year from April to June, falling to a 2.8% annual rise from April’s 5.3%. Like across the country, rising energy prices have recently pushed up overall inflation in the Baltimore metro.

Persons: Francis Scott Key, Prince, it’ll, Matt Rourke, Matt Jaffe, “, ” Jaffe, that’s, That’s, ” Christina DePasquale, Johns, Freddie Mac Organizations: Washington CNN, CNN, Towson, Labor Department, Washington D.C, U.S, Baltimore, Johns Hopkins Carey Business School, National Association of Realtors, NAR, Fed Locations: Baltimore, Port, Baltimore County, Columbia, Boston, Orlando, Atlanta, Washington, Dundalk, Md

☆ 'Act III' will be Beyoncé's next album: Here are the 4 genres the Beyhive thinks it could be
▼ + stars: | 2024-04-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Following the release of "Cowboy Carter," fans are speculating on the genre of Beyoncé's next album. AdvertisementHold your horses, Beyhive: "Act II" just came out and you're already thinking about "Act III?" Following the Friday release of "Cowboy Carter," Beyoncé's genre-bending country album, fans of the award-winning singer are speculating on what she has up her sleeve for her next album. However, Bey has shown us that she can belt a tune in Spanish, thanks to her 2007 "Irreemplazable" album — Spanish recordings of songs from her "Irreplaceable" album. A rock album would align with Beyoncé's mission to reclaim art forms created by Black musicians, and "Cowboy Carter" is chock full of rock references.

Persons: Cowboy Carter, —, Beyoncé, hasn't, Bey, Shakira collab, Carter, DJ Dedé Mandrake, Clark, Willow, Chuck Berry's, Berry, Nancy Sinatra, Fleetwood, — let's, Jack White Organizations: Service, Parkwood Entertainment, John's United Methodist Church, Beach, Beatles, Stripes, Spotify, Business Locations: Houston

Average 30-year mortgage rates have dropped a bit in recent weeks and are hovering around the mid-6% range, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.11% last week, according to Freddie Mac data, which is a 10-basis-point decrease from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Freddie Mac Organizations: Federal, Zillow, Federal Reserve, Fed Locations: Chevron

☆ McSki in Sweden is McDonald's only ski-thru restaurant, where you can grab a Big Mac to take down the slopes
▼ + stars: | 2024-03-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

McDonald's has just one McSki, or Ski-Thru, located in one of Sweden's biggest resorts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . McDonald's has just one restaurant with a so-called Ski-Thru, located at the Lindvallen ski resort in Sälen, Sweden. The McSki restaurant, as it's also known, opened in 1996 and feeds hungry skiers throughout the winter.

Persons: McDonald's, —, it's Organizations: Service Locations: Sweden, Sälen

☆ I'm buying a house in 2024. Here's why I'm sticking with a traditional fixed-rate mortgage despite the trendier options promising to save me money.
▼ + stars: | 2024-03-31 | by ( Cork Gaines | ) www.businessinsider.com time to read: +8 min

Despite enticing alternatives, a fixed-rate mortgage remains the best option for us. With mortgage interest rates still close to 7%, alternative mortgages like adjustable-rate loans and mortgages with shorter maturities are gaining in popularity. AdvertisementThe beauty of the fixed-rate mortgage is that it offers certainty in an uncertain world. Any gain somebody might get with a lower interest rate might be offset by paying more for the house. So, we will be sticking with a fixed-rate mortgage and shopping around for the best rate.

Persons: —, Sarah Alvarez, Alvarez, Brandon Bell, Freddie Mac Organizations: Service, William, Mortgage, Business, ARM, Treasury, Street Journal, FG, National Association of Realtors Locations: Austin , Texas

☆ I visited a McDonald's test kitchen to try its biggest menu overhaul in a decade. The burger patties are a big improvement, but the new Big Mac is too sweet.
▼ + stars: | 2024-03-30 | by ( Harry Kersh | ) www.businessinsider.com time to read: 1 min

The newer version ended up sliding out of the buns way more than the original. Harry Kersh/Business InsiderThe original Big Mac is, in many ways, a perfect burger. The sauce is slightly sweet but with plenty of tang to balance it, something that is lost in the new version. The bun was slightly too spongy, but in hindsight I see why that was the case. The new bready, buttery brioche-style version didn't have the requisite give needed to squeeze the fillings tightly enough to contain them.

Persons: Harry Kersh, buttery Organizations: Mac

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