China to cut existing mortgage rates by the end of October
All commercial banks must, in batches, reduce interest rates on existing mortgages by Oct. 31 to no less than 30 basis points below the PBOC’s Loan Prime Rate.
More than 13,000 immigrants convicted of homicide here or abroad are living freely in the U.S., ICE says
Two law enforcement officials familiar with the data said many of the migrants on the ICE list crossed into the U.S. under previous administrations, NBC News reports.
Austrian far right pledges to win Sunday’s election as tight race winds up
The leader of Austria’s far-right Freedom Party (FPO) pledged on Friday to win this weekend’s parliamentary election in what would be a historic first.
Elon Musk’s X will be allowed back online in Brazil after paying one more fine
X has to pay one last fine before getting reinstated in Brazil, according to a decision out Friday from the country’s top justice, Alexandre de Moraes.
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.
Volkswagen cuts 2024 outlook as car demand falters
Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car division as pressure on Europe’s top automaker continues to rise.
Trump calls for prosecution of Google over search results he says favor Harris
Donald Trump claimed Google was showing only “good stories” about Vice President Kamala Harris, his presidential election opponent.
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said.
Meeting with Zelenskyy, Trump says he will negotiate a Ukraine-Russia deal ‘that’s good for both sides’
Trump also complained about his 2019 impeachment, which stemmed from a July 2019 phone conversation with Zelenskyy about the Bidens.
Today’s market is a ‘bubble dream’ with rate cuts, China inflating economy, Bank of America says
Massive stimulus from central banks is driving bubble-like returns and could head off a global recession, BofA’s Hartnett says.
