Microsoft plans to unveil its new Maia 300 AI chip this fall, The Information reports

“This upward trajectory in rates continues to significantly impact refinance borrowers, with a 10% decline in refinance applications, including a steeper drop in government refinances,” said Joel Kan, CMB, vice president and deputy chief economist at the MBA. “Despite housing inventory increasing in certain markets, higher rates have added to ongoing affordability challenges for many…

A Royal LePage report says mortgage delinquency rates in Canada remain remarkably low compared with other developed countries, though some households have felt stretched by rising monthly payments.  The survey suggests 38% of Canadians expect their mortgage to rise upon renewal, a drop from early 2025, when 57% of renewing homeowners expected their payments to…

The proposed grant program would be funded by proceeds from the Oregon Lottery.Adobe Stock An Oregon lawmaker proposed a $1 million grant program to allow small cities struggling financially to maintain parks, libraries, museums and other essential community spaces. Processing Content The grants and loans of up to $50,000 would be available to cities with…

BEIJING, CHINA – JUNE 19: The national flags of China and New Zealand flutter at Tian’anmen Square on June 19, 2025 in Beijing, China. Prime Minister of New Zealand Christopher Luxon pays an official visit to China from June 17 to 20. Wang Xin | Visual China Group | Getty Images New Zealand’s exporters are…

The week brought a mix of major transactions, regulatory changes and restructuring across the retail trading and financial services sectors. FTMO’s acquisition of OANDA was put into sharper focus after the prop trading firm disclosed the price paid for the broker, while Cyprus moved towards a new leadership at its financial regulator. London’s trading industry…