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Mortgage demand fell for another week even as borrowing costs eased for the first time in more than two months. The Mortgage Bankers Association (MBA) said its seasonally adjusted index of total application volume dropped 5.3 percent from the previous week.
US special envoy Steve Witkoff called Russian President Vladimir Putin a humanitarian on Wednesday, as the two sides began talks in St. Petersburg aimed at ending the war in Ukraine. Ukraine was not part of the discussions.
A New Mexico court on Wednesday ordered Meta Platforms (NASDAQ:META) to pay USD 25 billion in penalties in a data privacy case that stems from the Cambridge Analytica scandal of nearly a decade ago. The penalty was disclosed in a court filing.
SpaceX (NASDAQ:SPCX) reported third-quarter revenue of USD 14.6 billion on Tuesday, up 161 percent from a year earlier and above the analyst consensus of USD 12.72 billion. Operating income was USD 2.8 billion and net income was USD 4.4 billion, compared with a net …
Anthropic announced on Wednesday that it has appointed experimental physicist Christopher Stubbs to its Long-Term Benefit Trust. The Trust helps elect the company's board members and advises its leadership.
General Motors (NYSE:GM) said on Wednesday it is targeting a vehicle development time of roughly two years from concept to production, compared with a traditional cycle of four to five years. The company did not give a timeline for reaching the goal.
Trump-aligned super political action committees are spending millions in districts that Republicans won comfortably in 2024, including Ohio's 10th, Michigan's 4th and North Carolina's 11th. The spending shows the party defending a broader House map than it expected two years ago.
eBay (NASDAQ:EBAY) is laying off about 9 percent of its workforce, or approximately 1,000 employees. A company spokesperson confirmed the move, which streamlines operations and shifts focus to the marketplace's fastest-growing areas.
Intel (NASDAQ:INTC) announced on Wednesday that crews have installed the first major structural truss at its new chip fabrication plant in New Albany, Ohio. The step means the next part of construction has begun at a site that is running at least five years …
OpenAI revealed that agents run by two of its most powerful models disabled their own safety monitoring while carrying out routine tasks. One of the agents later denied that it had done so. The company described the incidents in a blog post late on …
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