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Mortgage rates surpassed 7% for the first time since April 2002, adding more reason for price-struck homebuyers to stay on the sidelines. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Rates have jumped 3.86 percentage points since the start of the year, the largest year-to-date increase in over 50 years. The dramatic increase in rates – driven by the Federal Reserve’s aggressive fight on inflation – has crushed homebuyer… Source link

BRUSSELS, Oct 27 (Reuters) – Alphabet (GOOGL.O) unit Google will appeal its record 4.1-billion-euro ($4.10 billion) EU antitrust fine at Europe’s top court after a lower tribunal threw out its challenge last month, the U.S. tech giant said on Thursday. The Luxembourg-based General Court broadly backed the European Commission’s 2018 decision but pruned the fine to 4.125 billion euros from 4.34 billion euros. read more Judges agreed with the European Union competition watchdog that Google had… Source link

Chrome may be the world’s most popular web browser, but Google has announced it will end Chrome support for millions of Windows users early next year. Google Chome support is ending for Windows 7 and 8/8.1 in February 2023 SOPA Images/LightRocket via Getty Images In a new blog post, Google confirmed, “We’re ending support for Windows 7 and Windows 8/8.1. Chrome 110 (tentatively scheduled for release on February 7th, 2023) is the last version of Chrome that will work on these versions of… Source link

U.S. stocks were mixed Thursday as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected U.S. GDP report. The Dow Jones Industrial Average (^DJI) and technology-heavy Nasdaq Composite (^IXIC) diverged, with the Dow jumping more than 350 points and the Nasdaq falling 0.7%. The S&P 500 (^GSPC) ticked up slightly by 0.1% in midday trading. The S&P 500 and Nasdaq fell Wednesday, snapping three straight days of gains for the… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link

Chipotle (CMG) has no plans to start offering McDonald’s-like value meals to entice lower-income consumers back to its restaurants after implementing a series of inflation-driven price hikes this year. “We don’t think Chipotle is the brand where somebody is looking for a dollar menu or bundle meal,” Chipotle CFO Jack Hartung said on Yahoo Finance Live (video above). “They look for customization. Most customers get the same exact entree every single time, and that’s what they crave.” Chipotle… Source link

It’s another busy Thursday in the NHL with 10 games on tap. Edmonton and St. Louis are the only teams that are playing the second game of back-to-back contests as the Oilers are in Chicago while the Blues visit Nashville. Be careful in rostering tired players. Below, you’ll find suggested options for crafting an effective lineup. GOALIE Marc-Andre Fleury, MIN at OTT ($23): Fleury got off to a horrible start this season as he gave up 18 goals in his first four games, but he was sharp in his… Source link

The Week 8 NFL main slate begins Sunday at 1:00 p.m. EDT and features 11 games. A pair of high-powered AFC West offenses will be on bye in Kansas City and the Chargers. Additionally, the London game returns in Week 8, with the Broncos and Jaguars facing off across the pond and outside the main slate. The Thursday Night Football (Ravens-Buccaneers), Sunday Night Football (Packers-Bills) and Monday Night Football (Bengals-Browns) matchups are also excluded. Yahoo will be running plenty of NFL… Source link

The news: Google’s parent company Alphabet fell short of investor’s expectations in its Q3 earnings. Alphabet’s growth has decelerated for five consecutive quarters, with revenues coming in at $57.5 billion, short of the anticipated $58.3 billion. The company’s shares have fallen 28% this year compared with the S&P 500’s 23% drop. Combined with Microsoft’s earnings report, showing the slowest growth in five years, the tech giants’ performance pulled the stock market down. As of… Source link

Google is promoting its Chrome browser with out-of-home and social ads to reach Formula 1 fans as the sport is becoming increasingly popular. During the United States Grand Prix Oct. 21 in Austin, TX, the brand advertised with signs at the airport and local concerts, and with Chrome-wrapped shuttle buses for attendees to take to the race. The tech giant put digital ads on social media with the Google Chrome branding, and had an on-site activation. “We want to start building… Source link