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After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23% in the week ending June 9, up from 5.09% the week before, according to Freddie Mac. The rate remains well above the 2.96% average from this time last year. “After little movement, the last few weeks, mortgage rates […]

The Great Recession in 2008 pushed struggling Americans to rely more heavily on dollar stores and prompted other shoppers to visit them for the first time. Now, more than a decade later, a similar pattern is showing up at US discount chains as shoppers try to manage record-high gas prices and the fastest growth in […]

In response to customer demand, PayPal announced today that its users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges. “This feature was the most demanded from our users since we began offering the purchase of crypto on our platform,” said Jose Fernandez da Ponte, SVP and general manager […]

As they respond to, recover from, and reimagine the future beyond the current global health crisis, businesses look to the finance function for solutions. The CFO is—or should be—at the center of these conversations today. When COVID-19 first struck, finance departments sprang into action to help stabilize the business. Strategy-minded CFOs sustained essential functions while […]

Last year saw a huge funding boom for Southeast Asian consumer investment apps and if Pintu’s funding announcement today is anything to go by, that looks set to continue. The cryptocurrency-focused app has raised a $113 million Series B from Intudo Ventures, Lightspeed, Northstart Group, and Pantera Capital. Launched in April 2020, Pintu bills itself […]

The gas price spike keeps getting worse. The national average jumped to $4.87 a gallon on Monday, according to AAA. That’s up 25 cents in the past week and 59 cents in the past month. There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest […]

A year earlier it had posted a profit of 25.65 billion yuan, or 73.76 yuan per ADS.

The situation is likely worse in emerging Asia.

Retailers and other companies that rely on direct consumer spending mostly rose.

Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds.

Tesla has issued seven recalls this year for the 2022 Model 3 and six for the 2022 Model Y, all of which have been addressed with over-the-air software updates.

It might be a good morning — or perhaps “gm” — for the hundreds of thousands of NFT community members who will now get another marketplace to trade their digital collectibles. Six months ago, Coinbase, the largest crypto exchange in the U.S. by volume, announced that it was launching an NFT marketplace, but provided few […]