Target’s grocery overhaul is helping it win back customers
The retailer has added more snacks and changed its presentation as it tries to become a destination for food purchases.
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Jensen Huang defends Nvidia’s growing financial support for AI ecosystem, says ‘the risk is low’
Nvidia CEO Jensen Huang on Wednesday defended the chipmaker’s growing role in financing the artificial intelligence boom, pushing back on criticism that the company’s financial support for other AI companies is meant to inflate its top-line growth. “I think they’re missing a very big point,” Huang said on CNBC’s “Mad Money,” shortly after the company…
Asia stocks fall as chip selloff spreads, breaking ranks with Wall St highs
The selloff in chip-related shares across Japan and South Korea highlights how closely the Nikkei tracks sentiment in Samsung and the broader Korean market, even when the trigger is a strong earnings forecast rather than a weak one. The rotation out of technology and into financials and other value names suggests investors are using the…
Regulators better prepared for next Credit Suisse, says SRB head
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Foreign-sounding names face mortgage scrutiny, law firm claims
British citizens and residents with foreign-sounding names are encountering additional scrutiny and delays when attempting to purchase property in the UK, according to a property law firm. Tatiana Sharposhnikova, Chief Executive of Sharpwell Property Law, has stated that discrimination exists in the British property market, with lenders applying heightened due diligence based on names rather…
Mortgage rates reach 15-month highs as Treasury yields keep climbing
Mortgage rates continued their upward trudge this week, with the 30-year fixed rate reaching a year-to-date weekly high of 6.76%, Freddie Mac reported Thursday. That is the highest weekly average for 30-year mortgages in nearly 15 months and is 41 basis points above the year-ago mark. Both 30-year and 15-year fixed-rate mortgages rose five basis…
Fannie and Freddie merge loan-level pricing for VantageScore, FICO credit scores
Mortgage lenders can now originate loans using either VantageScore 4.0 or Classic FICO credit scores without facing different Fannie Mae and Freddie Mac fees based on the scoring model used on an individual file. Guidance published Wednesday by the government-sponsored enterprises (GSEs) said the new loan-level pricing adjustments (LLPAs) would take effect for mortgage loans…
