Shiba Inu, sometimes known as the Dogecoin killer, has gained popularity as one of the most popular meme coins in the crypto world. While it w…
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Sales of previously occupied U.S. homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers. The National Association of Realtors said Thursday that existing home sales rose 1.5% last month from August to a seasonally adjusted annual rate of 4.06 million units. That's the fastest sales pace since February. Sales jumped 4.1% compared with September last year. The national median sales price climbed 2.1% in September from a year earlier to $415,200. The housing market has been in a slump since 2022, when mortgage rates climbed from historic lows. Affordability remains a daunting challenge for most aspiring homeowners following years of skyrocketing home prices.
As economic uncertainty deepens, the rush for gold continues — with prices for the precious metal topping $4,300 for the first time this week. The going price for New York spot closed at a record $4,326 per troy ounce on Thursday. Futures also traded as high at more than $4,344 per troy ounce Thursday, before falling below the $4,300 mark Friday morning. Still, gold is up 6.7% over the last week, marking one of its best weeks to date. Gold sales can rise sharply when anxious investors seek a "safe haven" for their money. For the U.S., the latest gains arrive amid the now weekslong government shutdown and ongoing trade wars abroad.
The San Mateo Union High School District completed the Measure L bond sale a year ahead of schedule with an interest rate of 3%, far below the…
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Video gamer Electronic Arts to be bought in largest-ever private equity buyout valued at $55 billion
Electronic Arts, the maker of video games like "Madden NFL," "Battlefield" and "The Sims," is being acquired by an investor group including Saudi Arabia's sovereign wealth fund in the largest private equity-funded buyout in history. The investors, who also include a firm managed by Jared Kushner, President Donald Trump's son-in-law, and the private equity firm Silver Lake Partners, valued the deal $55 billion. EA stockholders will receive $210 per share. The deal far exceeds the $32 billion price tag to take Texas utility TXU private in 2007, which had shattered records for leveraged buyouts. EA rose 4.5% Monday after jumping 15% on Friday.
Two former executives at a San Francisco-based financial services company were each sentenced to multiple years in federal prison on Friday.
Nvidia's sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated during the company's latest quarter, a letdown likely to stoke worries that technology's latest craze has been fool's gold. The results announced Wednesday were hotly anticipated because Nvidia has emerged as a bellwether of a two-year-old AI boom that has been propelling the stock market to new heights while making the Silicon Valley chipmaker the first with a $4 trillion market value. Although Nvidia's second-quarter profit and total revenue were higher than analyst forecast, sales in the company division responsible for its AI chips were slightly below projects. Nvidia's stock slid 2% in extended trading.
