Alphabet C rejected at $380, tests $348 support: Live levels

Mortgage application activity declined for a second consecutive week as higher borrowing costs continued to weigh on both purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 2.9% decrease in total application volume on a seasonally adjusted basis for the week ending July 31. Purchase applications decreased 4% from the previous week on…

Sir John Gieve, former Deputy Governor of the Bank of England, has outlined the case for introducing a land value tax to replace existing property levies, warning that implementation could require three to five years of preparation. Speaking on BBC Radio 4’s Today Programme, Sir John identified land’s immobility as a key advantage for taxation…

Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. The OpenAI employees named in the lawsuit, Chief Hardware Officer Tang Tan and technical staff member Chang Liu, are former Apple employees, the Wall Street Journal reported Friday (July 10). The suit alleges that Tan emailed himself information about…

Mike Pearson (pictured top), SVP of business development at AD Mortgage, said the growth reflects a combination of borrower demographics, insurance conditions, and property economics that have made California unusually well-suited for alternative lending. “California was already a great non-QM market,” Pearson told Mortgage Professional America. “But then you throw in these additional factors, and…

Smokey John’s has been serving barbecue in Dallas, Texas, since 1976. It was already losing money when a devastating fire destroyed the entire restaurant in 2017. So, brothers Brent and Juan Reaves had to rebuild it from scratch. Their bet paid off. Today, Smokey John’s makes nearly $4 million in annual revenue and goes through…