The average home loan offer is only on the market for 17 days and there are fewer offers to choose from

Time to secure your mortgage fast: The average home loan offer is now only on the market for 17 days, the shortest period in a DECADE, and there are fewer offers to choose from Rising interest rates are pushing homeowners to apply for fixed-rate mortgages There were 149 fewer mortgage offers available in August than … Read more

Waiting for the pivot | financial times

Ajay Rajadhyaksha is Global President of Research at Barclays. Financial markets operate with narratives. And for the past few weeks, the dominant story in both bond and equity markets has been that the Federal Reserve will turn around, and soon. Investors are hoping that a rapidly weakening economy will force the US central bank to … Read more

Warren Buffett’s stock buying spree slows down even during the big market pullback. this is why

Warren Buffett’s stock-buying spree slowed sharply in the second quarter, even during the big market correction, and analysts said the “Oracle of Omaha” may be preserving capital for other uses. Berkshire Hathaway’s net purchase of shares fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Truss and Sunak have yet to grasp the magnitude of Britain’s cost of living crisis | larry eliott

B.ritain faces a cost-of-living crisis this winter more brutal than any in living memory. Annual energy bills for the average home will reach £300 a month from October, almost double the current level. Purchasing power will be sucked out of the economy as millions of households struggle, and fail, to make ends meet. The courts … Read more

I argued with Meta’s new AI chatbot ‘BlenderBot 3’ about iPhone vs. Android – here’s what happened

BlenderBot 3 is the new AI chatterbox that Facebook, er, I mean “Meta” (I’ll never get used to that name), released to the public last Friday. According to a Blog post from August 5the social media giant claimed that BlenderBot is a “state-of-the-art conversational agent that can naturally converse with people.” I don’t take things … Read more

Public perception of the economy is the lowest since 2008, with 69% saying it is “getting worse”

Public Perception of the Economy is Lowest Since 2008: More Americans Say They Trust the GOP to Handle Issues Hitting Their Pockets, New Poll Shows A new poll shows nearly 7 in 10 Americans feel the economy is “getting worse.” Only 12% say it is ‘getting better’ under Joe Biden’s leadership In 2008, the same … Read more