Mortgage rates exceed 7%, pressuring prices

By Admin 3 min read

The housing market isn't helping America's affordability woes. In order to offload homes in an otherwise stagnant market, sellers started lowering prices even before the average 30-year fixed-rate mortgage reached 7.03% on Thursday. Last month, sellers slashed prices on nearly one in five homes for sale — more than any other month since 2020. Economist Lawrence Yun urges homeowners considering a sale to accept elevated rates as the "new normal." A rate of 7% historically represents a psychological barrier for buyers pushing budgetary limits.

Admin A
Mortgage rates exceed 7%, pressuring prices

America’s housing affordability crisis is entering another difficult phase as mortgage rates climb back above 7% and sellers increasingly cut asking prices to attract buyers. The average rate on a 30-year fixed mortgage reached 7.03% on Thursday, creating another obstacle for households already dealing with...

Novo inks $1.3B deal for monthly — or even quarterly — GLP-1 shots

By Admin 3 min read

Novo will pay up to $1.3 billion to license technology from Sweden's Nanexa that could significantly change how patients take popular obesity drugs. Under the terms of the deal announced Friday, the Ozempic maker will help develop Nanexa's PharmaShell drug-delivery system — hopefully cutting the number of injections people need to just once a month or even once a quarter. Novo exec Brian Stidsen Vandahl explains, "As patient populations become increasingly diverse, we see value in pursuing different approaches that can help address varying needs, preferences and treatment experiences."

Admin A
Novo inks $1.3B deal for monthly — or even quarterly — GLP-1 shots

Novo Nordisk is making a major bet on technology that could dramatically reduce how often patients need to inject obesity and diabetes medicines. The Danish pharmaceutical giant has entered a licensing and development agreement with Sweden’s Nanexa potentially worth up to $1.3 billion, centered on a drug-delivery...

Akamai wins $11.6B Anthropic cloud-computing pact

By Admin 3 min read

Cloud-computing company Akamai Technologies has secured a seven-year, $11.6 billion contract with Anthropic, paired with a warrant that could give the AI company up to a 5% equity stake. The agreement will see Akamai provide Anthropic access to central processing units for its data centers, and follows a previous $1.8 billion cloud deal between the companies earlier this year. The equity warrant is the first of its kind for Akamai, but "helps bring the companies together," says CEO and co-founder Tom Leighton.

Admin A
Akamai wins $11.6B Anthropic cloud-computing pact

Akamai Technologies has landed one of the largest contracts in its history, signing a seven-year, $11.6 billion cloud infrastructure agreement with Anthropic as the artificial intelligence company continues an aggressive expansion of the computing capacity behind its models. The deal sent Akamai shares sharply higher...

Clicks' spiritual successor to the BlackBerry gets a release date and surprise upgrades – including more RAM

By Adam Hanafi 3 min read

The Clicks Communicator will finally start to ship in December this year. And those who pre-ordered the phone will be pleased to learn that it's coming with two significant upgrades. There will now be 12GB of RAM and a larger battery inside.

Adam Hanafi A
Clicks' spiritual successor to the BlackBerry gets a release date and surprise upgrades – including more RAM

Clicks is getting closer to putting a physical keyboard back into the hands of smartphone users. The company has confirmed that its long-awaited Clicks Communicator, an Android smartphone inspired by the keyboard-first design made famous by BlackBerry, will begin shipping to customers in December. The Communicator...

Riding high on AI chip demand, AMD passes $1T market cap

By Admin 3 min read

Advanced Micro Devices surged past the $1 trillion market-cap threshold in intraday trading on Monday, becoming the latest AI chipmaker to reach the elite trillion-dollar club. AMD stock is riding a five-day hot streak, and its share price has almost tripled this year. AMD chip engineer Chitra Barvekar posted on LinkedIn that "strong execution, real demand, and a growing role in the future of AI" helped the company reach the milestone. AMD is the fourth chipmaker to cross the trillion-dollar mark, following Nvidia, Broadcom and Micron.

Admin A
Riding high on AI chip demand, AMD passes $1T market cap

Advanced Micro Devices crossed the $1 trillion market-capitalization threshold for the first time Monday, marking a historic milestone for the semiconductor company as investors continue betting heavily on its expanding role in artificial intelligence computing. AMD shares jumped more than 9% during the session and...

Oura targets $2.2B in US listing for smart rings

By Admin 3 min read

Oura, the Finnish maker of health-tracking smart rings, plans to raise up to $2.2 billion in an initial public offering, according to a Monday filing with the U.S. Securities and Exchange Commission. An IPO at that price would value the company — which has sold millions of rings and counts over five million paying subscribers — as high as $14.1 billion. Despite growing revenue, Oura's losses surpassed $900 million in the last year. Its Nasdaq listing is seen as a test of investor appetite for wearables.

Admin A
Oura targets $2.2B in US listing for smart rings

Oura is preparing for one of the biggest consumer technology IPOs of the year, with the Finnish smart-ring maker and its shareholders seeking to raise as much as $2.2 billion in a U.S. offering. The listing will give public-market investors a chance to bet directly on the growing market for wearable health technology...