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Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… Source link

When it comes to litigation, it’s surprising the kinds of revelations that come out when someone is under oath. And that includes what’s next for Tesla’s (TSLA) leadership. During testimony yesterday at trial over Elon Musk’s 2018 pay package, Tesla board member James Murdoch testified that Elon Musk has identified someone as a potential successor for his role as CEO at Tesla. “He actually has,” Murdoch said when a plaintiff’s attorney asked him to confirm that Musk has never… Source link

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters An updated version of Google Maps for Android and iPhone is rolling out with several new features, such as the option to search for electric vehicle stations with fast chargers and an augmented reality feature that overlays more information about local points of interest on top of the real world around you. Here’s… Source link

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters An updated version of Google Maps for Android and iPhone is rolling out with several new features, like the option to search for electric vehicle stations with fast chargers and an augmented reality feature that overlays more information about local points of interest on top of the real world around you. Here’s… Source link

Aimee Garcia and Freddie Prinze Jr. star in the Netflix holiday movie, Christmas With You. (Photo: Netflix) Freddie Prinze Jr. has been one of Hollywood’s most prominent Latino actors since his ’90s teen movie heyday. But over the course of his quarter-century career, the son of late comedian and sitcom star, Freddie Prinze, has rarely had the opportunity to represent his culture onscreen. “I’ve received nothing but love from Latino taxi drivers to business owners talking about being… Source link

Google announced today that it’s introducing a slew of new Maps, Search and Shopping features. The company revealed majority of the new features during its Search On event in September and is now starting to roll them out to users. Search Starting today, users will be able to use Search to find their favorite dish at a restaurant near them. For example, you can search “truffle mac and cheese near me” to see which nearby restaurants carry the dish on their menu. Once you find a… Source link

As layoffs spread across Silicon Valley, Google has stood out by not cutting employees so far. But as outside pressure builds on the company to improve the productivity of its workers, a new performance management system could help managers push out thousands of underperforming employees starting early next year. Managers could also use the ratings to avoid paying them bonuses and stock grants. Under the new system, managers have been asked to categorize 6% of employees, or roughly 10,000… Source link

House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link

News Russian-Maltese oligarch Arkady Volozh with Vladimir Putin A Dutch court has ruled that squatters can effectively continue to stay at the multi-million-euro property owned by a member of Malta’s rouges gallery of passport buyers, Yandex founder and owner Arkady Volozh, because… Source link

Google’s way of slimming down through attrition won’t work in the current economy, an analyst said. Google previously avoided making cuts because it would undermine its employee-friendly reputation. Google’s head count grew much faster than its revenue during the third quarter. … Source link