Author: News Room

Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week’s reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. “Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,” said Sam Khater, Freddie Mac’s chief economist.  HOUSING TURNOVER RATE HITS LOWEST LEVEL IN 30 YEARS”However, we should remember that the rise in rates is…

The Medicare Prescription Payment Plan, also known as MPPP, MP3 or M3P, is a brand-new program that will take effect on January 1, 2025, the same day as the $2,000 cap on Part D out-of-pocket drug costs. The MPPP is like an installment payment plan for those who have Part D prescription drug coverage. They’ll be able to spread the costs out over the year, instead of paying all at once. Here are a few quick facts about the MPPP. Anyone who has Part D drug coverage, such as in a stand-alone plan or a Medicare Advantage plan, is eligible…

Two federal judges have rejected requests to immediately reopen voter registration in Georgia and Florida as the southeast continues to grapple with significant storm damage ahead of the November election. Southern states impacted by Hurricane Helene have been facing intense pressure by voting and civil rights groups to give residents more time to register to vote given the devastation wrought by the storm and the disruption already caused by Hurricane Milton, which made landfall on Florida’s western coast late Wednesday. US District Judge Eleanor Ross in Atlanta ruled on Thursday that arguments pushed by the NAACP, Georgia Coalition for the People’s Agenda and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rescue operations were under way in Florida on Thursday as officials sought to assess the damage inflicted by Hurricane Milton as it crossed the state overnight, triggering widespread flooding and leaving millions without power.Florida governor Ron DeSantis on Thursday afternoon said state search and rescue teams had rescued at least 340 people from torrential floodwater and destroyed buildings. Ten people had been killed, said homeland security secretary Alejandro Mayorkas.The Tampa Bay area was spared the catastrophic storm surge that had been feared,…

Hewlett Packard Enterprise Company (NYSE:HPE) HPE AI Day Executive Session October 10, 2024 1:45 PM ET Company Participants Paul Glaser – Head of Investor RelationsAntonio Neri – President & CEOFidelma Russo – EVP & General Manager, Hybrid Cloud & CTONeil MacDonald – EVP and GM, ServerShannon Cross – Chief Strategy Officer Conference Call Participants Timothy Long – Barclays BankAaron Rakers – Wells FargoAsiya Merchant – CitigroupMehdi Hosseini – SusquehannaMeta Marshall – Morgan StanleyDaniel Zhu – Sanford Bernstein Paul Glaser All right. Good afternoon, and thank you for joining Hewlett Packard Enterprise’s first-ever AI Day. We are presenting live from our…

Univision will not fact check Vice President Kamala Harris or former President Donald Trump on stage during their respective town halls, the Spanish language network confirmed to CNN. The two town halls, on October 10 and October 16, will be moderated by Enrique Acevedo, the Mexico-based anchor of parent company Televisa’s flagship nightly newscast “En Punto.” Acevedo, who was criticized by many last year for what was considered by critics to be a “soft” interview with Trump, has become the marquee face of the Mexican broadcaster, which merged with Univision two years ago. “He will be a guardian of time, keep the…

The best employees Mark Cuban has hired aren’t the ones with unwavering confidence or sharp business acumen.A different trait sets high achievers apart, according to the billionaire entrepreneur and investor: They’re problem-solvers. “For me, the number one thing is you reduce stress rather than create it,” Cuban, 66, told CNBC Make It at an event announcing his AI partnership with Google. “There’s a lot of people that are just a whirlwind and everything seems to be difficult, causing a lot of unnecessary stress.”As an employee, Cuban explained, the best soft skill you can develop is the ability to “analyze a situation,…

With Tesla’s hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab.After a decade of unfulfilled promises to deliver autonomous vehicles, capable of traveling reasonable distances safely without a human at the wheel, there’s a hefty dose of skepticism about what Tesla can do technologically, and when its robotaxi might actually hit the market.The robotaxi day, or “We, Robot,” event is scheduled to begin at 7:00 p.m. Pacific time at a Warner Bros. studio in Burbank, California and will be livestreamed via X.Garrett Nelson, an analyst at CFRA, cautioned…

The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.4%, the lowest yearly increase since February 2021. A rise in food and shelter costs made up 75% of the total increase in September. The shelter index rose by 0.2% in September while the food index increased by 0.4%.Rising auto insurance premiums, medical care costs and airline fares also all drove the increase in CPI. Balancing out these increases are the recreation and…

By Vanessa Infanzon, Next Avenue In 2001, a YMCA in Brooklyn hired a husband-and-wife team of television producers, Stephanie Walter and John Williams, to help 15 high school students pull together a film about retired seamen living at the YMCA’s residential facility. The class’s final project, a one-hour documentary called “Sea Story,” was so well done that WNET, the PBS Invesco Dynamic Media ETF station in New York, broadcast it. “The sailors were very interesting,” Williams says, “but Stephanie and I found the students to be more interesting.” Walter and Williams asked the YMCA if they could recruit students for…