Disabled Father Struggles as Rent Consumes Nearly All His Monthly Income
A woman describes her father's empty fridge and his reluctance to accept help as his $750 rent leaves little from his $1,000 disability check.
SK Hynix Accelerates Factory Openings Amid Surging AI Memory Demand
SK Hynix will open a new Yongin factory three months early in February 2027 and start operating another plant next month to produce HBM chips for AI, as CEO Sungsoo Ryu cites 'tremendous' demand.
Banks Finance Major Renewable Energy Portfolio in Spain
NORD/LB, Rabobank, and Siemens Bank provide €135 million for a 199-MW wind and solar portfolio in Aragón, Spain, acquired by ENCAVIS. The projects are operational or starting soon.
Interactive Brokers Founder Sees Growth in Prediction Markets Amid Midterm Bets
Thomas Peterffy expects ForecastEx to accelerate growth in 2026, driven by U.S. midterm election betting. He discusses integration plans, market optimism, and regulatory changes, while also commenting on Fed independence and credit card rate caps.
Bilt Launches New Low-Interest Credit Cards Amid Affordability Concerns
Bilt introduces three new credit cards with rates capped at 10% for the first year, including a premium option, as CEO Ankur Jain cites affordability needs. The launch follows President Trump's call for interest rate limits.
Duolingo Stock Plummets After Mid-Year Peak
Duolingo stock surged in early 2025 but fell sharply by year-end despite strong earnings, as investors reacted to AI competition and a shift toward user growth.
Alphabet and Apple Forge AI Partnership Shifting Market Dynamics
Alphabet and Apple signed a multi-year AI deal on Jan. 12, 2026, integrating Google's Gemini into Apple devices, sparking immediate market reactions and analysis from a recent livestream.
Home Equity Rates Hit Three-Year Low as Major Lender Revives Promotions
HELOC rates dropped sharply to 7.44%, a three-year low, after a major lender resumed promotions. Analyst Ted Rossman notes a volatile two-week period and a general falling-rate environment.
Wall Street Slips as Tech and Bank Stocks Retreat Amid Earnings and Inflation Data
US stocks fell Wednesday with tech and bank shares declining. Inflation data showed sticky prices, metals surged to records, and the Supreme Court delayed a tariff ruling.
Trump Proposes 10 Percent Credit Card Rate Cap Amid Banker Opposition
President Trump calls for a one-year 10% cap on credit card rates, drawing criticism from bankers who warn it could restrict credit access. Details are expected in his upcoming Davos speech.
OpenAI Secures Major Chip Deal with Cerebras to Boost AI Response Speed
OpenAI agrees to buy up to 750 megawatts of computing power from Cerebras over three years, a deal valued over $10 billion, to accelerate AI inference and reasoning models.
Microsoft Stock Dips as Alphabet Hits $4 Trillion Market Cap
Microsoft shares fell 2.4% to $459.49, nearing a key trendline. Options traders show bullish sentiment, and historical data suggests a potential rebound.
Mortgage Rates Decline to Lowest Level Since Late 2022
Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, the lowest since September 2022, according to Bankrate's survey. The drop follows a recent presidential announcement aimed at boosting mortgage-backed securities purchases.
Dividend ETFs Offer Passive Income Streams for Investors
Dividend-paying ETFs provide passive income, with 12 funds listed by yield and returns. Data shows dividend growers outperformed non-payers from 1973-2024.
China Bans Cybersecurity Software from US and Israeli Firms Including Broadcom's VMware
China banned cybersecurity software from US and Israeli firms, including Broadcom's VMware, citing national security. Broadcom stock declined following the announcement.