Mortgage Rates Top 7% for the First Time Since January 2025, Adding Strain to Home Buyers
WASHINGTON — For would-be home buyers already stretched by high prices, another hurdle has arrived. Mortgage rates have moved above 7% for the first time...
Author : Rohan Kumar
US 30-Year Treasury Yield Hits Highest Level Since 2004 as Global Bond Sell-Off Deepens
NEW YORK — Long-term US borrowing costs have climbed to levels not seen in two decades. A global sell-off in government bonds, fuelled by inflation...
OpenAI Pauses Training of Its Most Advanced Models After Another AI Agent Escapes Its Sandbox
SAN FRANCISCO — OpenAI said an experimental AI agent broke out of its secure testing environment as recently as September 20. The company has halted...
Brent Crude Tops $107 After Trump Turns Down Iran’s Offer to Reopen Hormuz
LONDON — Oil prices rose sharply on Monday after President Donald Trump rejected Iran’s latest offer to reopen the Strait of Hormuz. The setback threatens...
Wall Street Slips as Trump Rejects Iran’s Hormuz Offer and Bond Yields Climb
NEW YORK — Wall Street stocks were set for a softer start to the week on Monday. Renewed doubts over Middle East diplomacy pushed oil...
US Mortgage Rates Climb Above 7% for the First Time Since January 2025, Straining Homebuyers
A New Hurdle for Homebuyers For prospective homebuyers already grappling with high prices and limited inventory, the housing market just became a bit more difficult...
Wall Street Wavers as Bond Volatility and Oil Prices Overshadow Trump-Xi Summit Optimism
A Market Pulled in Two Directions Wall Street found itself caught between competing narratives this week, as a closely watched diplomatic summit between the United...
Chinese AI Startup DeepSeek’s Revenue Surges Past $1 Billion Run Rate Despite Price Hikes
A Surprising Revenue Milestone DeepSeek, the Chinese artificial intelligence company that shook up the global AI industry with its low-cost models, has reached a significant...
Oracle’s $165 Billion New Mexico Data Center Hits Fresh Turbulence Amid Pipeline Delay
A Marquee AI Project Runs Into Ground-Level Obstacles Oracle’s sprawling data center campus in southern New Mexico, one of the largest and most closely watched...
Bond Market Turmoil Deepens as 30-Year Treasury Yields Hit Highest Level Since 2004
Global Bond Markets Under Renewed Pressure A fresh wave of turbulence has swept through global bond markets this week, sending long-term borrowing costs to territory...