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Wall Street Ticks Higher as Big Tech Recovers Following Bad Week
NEW YORK (AP) — U.S. stocks are ticking higher Monday and clawing back some of the losses from their worst week since April. The S&P 500 was up 0.5% in midday trading and on track to break a three-day losing streak. It would be the first gain for the index since it set an all-time high on Tuesday. The Dow Jones Industrial Average was up 21 points, or 0.2%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.7% higher. Nvidia rose 2.4%, and other Big Tech stocks likewise regained some of their sharp drops from the week before to support...
Olympics Ties Up with Roblox To Meet Young Fans Where They’re At
The Olympic world’s ever-expanding quest to draw in young fans is meeting them where they are — on Roblox. The U.S. Olympic team and NBC are collaborating with the kid- and teen-friendly gaming platform to produce a new “Obby” — that's Roblox for obstacle course — and other features that include ways to interact with U.S. athletes while also checking out highlights from the Paris Games and making visits to a virtual Team USA House called “The Vibe House.” This new Roblox feature debuting Monday includes animated versions of 20 U.S. Olympians, including a surfer, a skateboarder and two break dancers —...
On a Summer Sunday, Biden Withdrew With a Text Statement. Then What?
In an intensely visual news world, a seismic week of politics was transformed again in an instant on Sunday by something almost old-fashioned: a printed statement. President Joe Biden's announcement that he would not run for a second term was dropped into his social media feed at 1:46 p.m. Eastern, followed 33 minutes later by an endorsement of his vice president, Kamala Harris. Still recovering from COVID, the president did not appear on camera. Which meant, for news outlets, scant to no visuals. There was also virtually no warning, leading to initial concerns that the president's X feed had been hacked. The...
Amazon: This Year’s Prime Day was Biggest Ever
NEW YORK (AP) — Amazon saw record sales for Prime Day this week as Prime members purchased more items than ever before, the company announced Thursday. The Seattle e-commerce giant, which does not disclose how much it earns during the popular discount event, also said “millions” of customers joined Prime in the past three weeks to take advantage of the discount event, which ended right before midnight Pacific Standard Time on Thursday. “Prime Day 2024 was a huge success thanks to the millions of Prime members globally who turned to Amazon for fantastic deals,” Doug Herrington, an Amazon executive who leads the...
Average Rate on a 30-year Mortgage Drops to 6.77%, Lowest Since March
LOS ANGELES (AP) — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. The rate fell to 6.77% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.78%. This is the second straight weekly drop in the average rate. It's now at the lowest level since mid March, when it averaged 6.74%. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive...
Always Ask For an Upgrade, and Other Hotel Money-Saving Hacks
Summer is here, and if you clicked your way to this corner of the Internet, it’s likely you are spending a lot of money on your seasonal travel . Don’t worry, you’re not alone: According to Allianz Partners USA’s 2024 Vacation Confidence Index , the average American is expected to spend $2,834 on their summer vacation . (A single trip might be more than some people spend on their rent!) And, if you choose to book multiple trips, you may wind up spending even more. If travel between May and September seems more expensive, that’s because it is. “School is out, college students have a break, and...
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