Category: Business
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Elon Musk says he felt TikTok ‘probing’ his mind; platform ‘rife’ with antisemitic content
[ad_1] Tesla CEO and X CEO Elon Musk discussed TikTok at the 2023 DealBook Summit in New York on Wednesday. Credit: New York Times DealBook Summit Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk said that he stopped using the popular and controversial social media app, TikTok, after he felt it…
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Savers urged to ‘chase’ the best interest rates of the week as banks offering 5.71% | Personal Finance | Finance
[ad_1] Easy access savings accounts Account type Product name Interest rate Easy access Beehive Money Limited Issue Easy Access Issue 2 5.15% Easy Access Ulster Bank Loyalty Saver 5.20% (balances above £5,000) Instant access Metro Bank Instant Access Savings 5.22% Notice savings accounts Account type Product name Interest rate 7-day notice savings account Monument Bank…
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Mortgage loan limit rises above $1.1M as home prices surge
[ad_1] Fannie Mae, Freddie Mac and FHA loan limits are increasing in synch with rising home prices. (iStock) The Federal Housing Finance Agency’s (FHFA) new conforming loan limits for 2024 mean homebuyers can now get larger mortgages backed by Fannie Mae and Freddie Mac. The new mortgage limit for conventional loans backed by Fannie and Freddie will…
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Nottingham City Council declares itself ‘effectively bankrupt’ and blames Liz Truss | Personal Finance | Finance
[ad_1] Nottingham City Council has declared itself bankrupt after a budget overspend for the 2023/2024 year. The Labour group who run the authority said pressures had become “unmanageable” blaming Liz Truss’ time as PM and saying it “crashed our economy”. The main reason for the overspend, Nottingham Labour said, was because of costs for adult…
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US needs to prevent investments from aiding China’s military, lawmakers warn
[ad_1] Former CIA station Chief Dan Hoffman joins ‘Mornings with Maria’ to discuss the latest news emerging from the Israel-Hamas war as the U.S. starts to push back on Iranian proxy forces in Iraq. More than 40 bipartisan lawmakers are calling for Congress to toughen restrictions on outbound investments in the People’s Republic of China…
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Food inflation: Brands accused of increasing prices faster than cost rises | Personal Finance | Finance
[ad_1] Some branded food suppliers have pushed up prices faster than their costs have risen, according to the competition watchdog. The Competition and Markets Authority (CMA) found that most inflation had been caused by suppliers passing cost increases onto customers. The CMA said: “Over the last two years, around three-quarters of branded suppliers in products…
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Americans expected to smash holiday spending records, Gen Z less likely to splurge
[ad_1] Gen Z shoppers are the least likely to splurge this holiday season, but many say the economy is to blame. Holiday sales are expected to increase 3% to 4% this year when compared to last Christmas, but with uncertainty in the U.S. economy, most shoppers say they’re looking for better prices and promotions. Americans…
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Martin Lewis urges savers to ‘switch bank account’ to Nationwide’s 8% interest rate | Personal Finance | Finance
[ad_1] Before breaking down the savings account, Mr Lewis reminded viewers they would need to take out this product to benefit from the raised interest rate. He explained: “So, Nationwide pays the most interest. Eight percent, one-year variable. The monthly amount, well you don’t have to contribute each month, that’s why it says nought. “The…
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Amazon reportedly on hunt for Miami office space
[ad_1] Evercore ISI senior managing director Mark Mahaney says other top stock picks include Meta, Uber and Doordash. Amazon is on the hunt for some Miami office space to lease. Bloomberg first reported Monday on the e-commerce giant’s efforts to find office space in the southern Florida city, citing unnamed individuals “familiar with the matter.”…
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Up 559% and STILL rising! How one UK stock is smashing Nvidia, Apple and Tesla | Personal Finance | Finance
[ad_1] So far in 2023, the big investment buzz has been generated by the artificial intelligence (AI) revolution. Stocks such as US chipmaker Nvidia have soared as investors race to pick winners before AI transforms the world and tech profits surge even higher. Nvidia isn’t the only US stock that has been flying this year.…