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Mortgage rates hit their highest point since November 2008 this week, crushing homebuyer demand. The rate on the 30-year fixed mortgage jumped to 5.89% from 5.66% the week prior, according to Freddie Mac. Rates have surged nearly three-quarters of a point in just three weeks and are now over 2.5 percentage points higher than the start of this year. Elevated borrowing costs and inventory shortages have pushed inflation-struck homebuyers to the sidelines, while those who remain in the market are… Source link

Business travel has not recovered as quickly as leisure travel. getty Google has told its senior managers to limit employee travel only to “business critical” trips, according to a leaked internal email seen by The Information. No more team off-sites or social functions, and no more in-person meetings when a virtual option is available. Moving forward, Google’s executives were told, there will be a “high bar” for what is now deemed critical. Last month, Microsoft asked employees to cut… Source link

U.S. stocks sank Thursday following a rebound rally in the prior trading session that helped all three major averages log gains of well above 1%. The S&P 500 tumbled 0.8% at the start of trading, while the Dow Jones Industrial Average slid 220 points, or about 0.7%. The technology-heavy Nasdaq Composite led the way down — declining about 0.8%. On Wednesday, the S&P 500 surged 1.8%, the Dow Jones Industrial Average about 1.4%, and the Nasdaq Composite 2.1% – snapping a seven-day streak of… Source link

Calling Max Verstappen a massive favorite to win the Italian Grand Prix may be an understatement. Verstappen has won 10 of the first 14 races of the 2022 Formula 1 season and enters Sunday’s race (9 a.m. ET, ESPN2) at a wild -275 to win. Ferrari’s Charles Leclerc is the No. 2 favorite at a distant +600 while Lewis Hamilton is at +800 to get his first win of the season. It’s easy to see why oddsmakers are confident in Verstappen’s chances at the win. Red Bull’s car has blown everyone… Source link

Google and Solo.io today announced the next evolution of the Istio service mesh. Dubbed the “Ambient Mesh,” this new framework does away with Istio’s sidecar-centric architecture and replaces it with a sidecar-less approach that promises to improve the service’s security posture and make it easier for new users to adopt the technology by reducing the resources needed to run it. Service meshes are a critical piece of infrastructure for a lot of companies that aim to be (or… Source link

Topgolf Callaway Brands (MODG) CEO Chip Brewer is preparing his business for its next act as the golf world continues to undergo massive change. Speaking with Yahoo Finance at the 29th annual Goldman Sachs retail conference on Wednesday, Brewer said the impact LIV Golf has had on professional golf is “a little early to measure,” but noted this year’s influx of money into the sport is likely a “net positive” for the business. As for Callaway’s relationship with its biggest name, Brewer said the… Source link

The NFL season is finally here. The Los Angeles Rams and Buffalo Bills kick it off Thursday night at SoFi Stadium in perhaps the best opening-night game we have ever seen. It’s a great setting: the reigning Super Bowl champs trying to turn back the team that is favored to win it all this season. That is the beginning of a glorious 18-week march to the postseason. The season ends next Feb. 12 at State Farm Stadium in Glendale, Arizona, with Super Bowl LVII. Our Yahoo Sports NFL team made our… Source link

Yahoo has announced a deal to purchase The Factual, a news rating company that scores media bias and credibility. Yahoo will implement this score to provide users with additional insight into the accuracy and reliability of the content they consume. “The acquisition continues Yahoo’s commitment to bringing trusted news and information to its nearly 900 million consumers worldwide and builds on the company’s future vision of news,” the search engine company said via press… Source link

The Week 1 daily fantasy main slate begins Sunday at 1:00 p.m. EDT and features 14 games, as the entire league will be in action sans the Thursday Night Football (Rams-Bills) and Monday Night Football (Broncos-Seahawks) participants. Yahoo will be running plenty of NFL DFS contests for Week 1, but the biggest is the Sunday Baller, which pays out a guaranteed prize pool of $500,000 to the top 10,000 finishers, including $100,000 to the winner. You can submit up to 150 entries into this… Source link

Former Disney CEO Bob Iger said on Wednesday the entertainment giant had determined that a “substantial portion” of Twitter’s users were “not real” in 2016, when Disney was weighing a purchase of the social network.Iger said the Walt Disney Co. and Twitter Inc. boards were prepared to enter negotiations when he got cold feet. He said that, with Twitter’s help, Disney had learned that “a substantial portion — not a majority -” of users were fake.“I remember discounting… Source link