Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard
Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.
OpenAI is sued over rogue AI Hugging Face cyberattack
The lawsuit appears to be the first publicly reported case seeking to hold an AI developer liable for an incident caused by rogue systems.
AI’s coming roadblock in regulation: Antitrust hawks
Top AI executives have asked for narrow antitrust exemptions or waivers so they can collaborate on safety.
People switching to Novo’s Wegovy pill from obesity injections kept losing weight in real-world study
The data on Novo’s Wegovy pill suggests that patients may not need to take weekly injections forever, but can instead opt for more convenient treatments.
Trump lawyers lose bid to pause sanctions in IRS lawsuit case
Trump’s settlement of the lawsuit in May led the Department of Justice to create a $1.8 billion “lawfare” fund that was scuttled after widespread criticism.
Ford CEO says it’s ‘too late’ for Europe to fend off Chinese automakers, but not for U.S.
CEO Jim Farley’s warning comes on the heels of a high-profile visit last week by Chinese President Xi Jinping with President Donald Trump
Two Indian nationals charged with smuggling counterfeit Ozempic from China: DOJ
The criminal indictment in Florida comes as the use of GLP-1 drugs such as Novo’s Ozempic for weight loss has hit new highs among U.S. adults.
The Fed’s main inflation measure will be released Wednesday. Here’s what to expect
Data is expected to show ongoing price pressures and consumers who nevertheless continue to spend.
Trump government ads were funded by Homeland Security, WSJ reports
CBP funded government-paid Trump TV ads as Democratic appropriators say DHS dedicated $20 million to the campaign ahead of the midterm election.
Homeowners are sitting on record equity – and not using it
U.S. homeowners have more housing wealth than ever before, thanks to fast-rising home prices over the last several years. But they aren’t spending much of it.
