Recent data from the Mortgage Bankers Association has shown that mortgage interest rates rose for the first time in three weeks, leading to a 1.6% drop in total mortgage application volume. This decrease is a direct result of the average contract interest rate for 30-year fixed-rate mortgages increasing to 6.97% from 6.84%. This change has
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In a recent interview, Elon Musk shared his perspective on using prescription ketamine to help manage his occasional depressive episodes. He mentioned that taking a small dose of ketamine once every other week, or sometimes even less frequently, has been beneficial for combating the chemical imbalances that contribute to his depression. Musk highlighted that ketamine
When it comes to investment opportunities, European countries seem to be the most popular choice among investors, based on the recent Milken Institute’s Global Opportunity Index report. Denmark, Sweden, Finland, United States, and United Kingdom are the top five countries that investors find attractive. Denmark secured the top spot in this year’s rankings, excelling in
OpenAI has recently responded to a foundational claim made by Tesla CEO Elon Musk in a lawsuit filed against the startup. As OpenAI works on commercializing its ChatGPT chatbot and artificial intelligence models, it is facing multiple legal battles, including the one initiated by Musk. Last week, OpenAI dismissed Musk’s complaint by criticizing it in
The cost of cocoa, a core ingredient in chocolate production, has been on the rise, leading to concerns about the sustainability of the market. Analysts point to the supply of cocoa in West Africa as a key driver of the price surge. With around three-quarters of the world’s production coming from this region, any disruptions
The recent jury decision on the “Rust” armorer, Hannah Gutierrez-Reed, has left many people with mixed feelings. While she was found guilty of involuntary manslaughter, she was acquitted of tampering with evidence. The 26-year-old now faces the prospect of up to three years in state prison, with her sentencing scheduled for a later date. Throughout
In the realm of college admissions, the position of Harvard University as the ultimate “dream” school among college applicants has been reestablished. Despite facing challenges and controversies in recent times, Harvard has managed to surpass its competitors and secure the top spot once again. This shift was highlighted in a recent survey conducted by The
Goldman Sachs recently introduced two new stock baskets based on corporate asset intensity, a metric that measures the ratio of assets to revenues. The asset-light basket, comprised of companies with low asset intensity, has outperformed the high-asset intensity group by 40 percentage points since 2002. This outperformance is attributed to superior return on equity, which
In a historic turn of events, Caitlin Clark has not only shattered records but has rewritten the history books in NCAA Division I basketball. Just two weeks after breaking the record for women’s scoring, she has now taken the top spot as the overall highest scorer in NCAA basketball, surpassing the legendary “Pistol Pete” Maravich.
Recently, Alphabet’s Waymo robotaxi unit received approval from the California Public Utilities Commission to expand its service to parts of Los Angeles and the Bay Area. This decision, which was announced on the regulator’s website, allows Waymo to start offering driverless passenger service in specific areas of Los Angeles and the San Francisco Peninsula. Despite