The 30-year fixed mortgage rate fell to its lowest in six weeks, tracking falling bond yields. The rate fell to 6.45%, helping fuel another week of increases in mortgage applications. Bond yields dropped as investors rushed into US government debt,…
Binance saw $1.3 billion in outflows on the day of the CFTC lawsuit, according to crypto data provider Nansen. The CFTC sued the world’s largest crypto exchange on Monday for violating US financial laws. US regulators have stepped up their…
Top of the morning, team. Phil Rosen here. I have a quick favor to ask — we’re looking to highlight the best up-and-comers in the world of sell-side equity research. Is there anyone you’d like to nominate for Insider’s rising…
Foreign investors exiting Russia must donate at least 10% of the sale proceeds of their assets to the state. The new rule applies to investors from “unfriendly countries” that imposed sanctions against Russia. There are over 2,000 applications from companies…
Sam Bankman-Fried is known to be an avid “League of Legends” player. He’s said to have played it at a pitch meeting, and says he’s been gaming while under house arrest. But he will lose access to his favorite game…
The Antigua and Barbuda government has declared the Alfa Nero super yacht abandoned. It will be sold unless it’s removed, according to an official notice last Tuesday. Authorities intend to use the money to pay down a $500,000 fuel bill…
The Wagner Group recruited thousands of Russian prisoners to fight in Ukraine in exchange for freedom. While those who died return home to be buried, residents can’t agree on how they should be treated. One soldier who was convicted of…
The Senate rejected a bill from Josh Hawley to establish a new office to oversee Ukraine aid. It was the latest showcase of the GOP’s divisions over Ukraine. Many Republicans said they were confident in the Biden administration’s aid tracking…
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A Wharton professor ran an experiment to test how much AI tools could accomplish in just 30 minutes. Ethan Mollick tasked ChatGPT and the new Bing with working on a business project. ChatGPT wrote HTML code to build a website,…
