business News

Home mortgage demand surges as rates drop to 6.35% - NPR

Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.

US regulator launches inquiry into AI ‘companions’ used by teens - Financial Times

Federal Trade Commission heaps pressure on Big Tech after high-profile cases of harm to young users of chatbots

Social Security cost of living adjustment likely higher this year - Axios

The Social Security cost of living adjustment for next year is trending toward 2.8%, slightly higher than in 2025.

Mortgage payments for 2024 home buyers were highest in decades, census data shows - The Washington Post

The median increases in rent payments and homeowner costs outpaced inflation, according to new Census bureau data on the U.S. housing market.

Monthly homeownership costs now top $2,000, new data shows - CBS News

The cost of both owning and renting a home in the U.S. is rising, according to Census Bureau data, squeezing millions of Americans.

Gold Surpasses Inflation-Adjusted Record High Set in 1980 - Bloomberg.com

Gold has eclipsed its inflation-adjusted peak set more than 45 years ago, as growing anxiety about the US’s economic trajectory takes bullion’s blistering three-year bull run deeper into uncharted territory.

Former OpenAI employee Suchir Balaji was murdered, alleges Elon Musk - The Economic Times

Musk’s tweet came after OpenAI chief Sam Altman’s interview with American television host and conservative political commentator Tucker Carlson, who said the death declared a suicide by authorities was "definitely murder."

Stock Market Today: Dow Rises 450 Points; Inflation Ticks Up to 2.9%, CPI Report Shows — Live Updates - The Wall Street Journal

ECB Holds Rates Steady, Just as Fed Is Poised to Cut - The Wall Street Journal

Synopsys Stock Rises. Why This Analyst Sees a Buying Opportunity After Wednesday’s Pummeling. - Barron's

Opendoor stock closes 78% higher after company names new CEO - CNBC

Former CEO Carrie Wheeler resigned last month following a pressure campaign from investors.

Meme Stock Opendoor Skyrockets as Firm Names New CEO, Brings Back Co-Founders to Board - Investopedia

Opendoor Technologies shares soared Thursday, a day after the online real-estate platform named a new CEO, brought back its founders to be on the board, and got a new infusion of cash.

Oracle, Klarna, Opendoor, Micron, Synopsys, Centene, Oxford, and More Stock Market Movers - Barron's

Nvidia Stock Rises. Why Analyst Upgraded the Stock Amid Oracle AI Surge. - Barron's

FTC Launches Inquiry into AI Chatbots Acting as Companions - Federal Trade Commission (.gov)

The Federal Trade Commission is issuing orders to seven companies that provide consumer-facing AI-powered chatbots seeking information on how these firms measure, test, and monitor potentially nega

Stock Market Today: Dow Rises On Surprise CPI, Jobless Claims; Nvidia, Palantir, Tesla Higher (Live) - Investor's Business Daily

Stock Market Today: The Dow Jones index moves up following surprise inflation and jobless data. Nvidia stock and Tesla rise.

Fed set to lower interest rates despite rising inflation - Financial Times

The tension between price stability and maximum employment will not ease quickly

Citi expects Micron to report much stronger-than-expected guidance on data center demand - Seeking Alpha

Micron expected to beat Q4 forecasts with strong DRAM, NAND sales and AI demand.

Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump - CNBC

The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.

US Initial Jobless Claims Jump to Highest in Almost Four Years - Bloomberg.com

Applications for US unemployment benefits jumped last week to the highest level in almost four years, indicating layoff activity may be on the rise amid a sharp slowdown in hiring.