FHFA Releases Steps Taken Toward LIBOR Phaseout

1 minute ago   |   RIS Media

Fannie Mae, Freddie Mac and the Federal Home Loan Banks all have financial instruments that reference Intercontinental Exchange London Interbank Offered Rate , the most widely...
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Mortgage Applications Down in July, But Still High YoY

1 minute ago   |   RIS Media   |   2 articles

Mortgage applications continue to decrease, according to the Mortgage Bankers Association. Applications dropped 5.1 percent from one week earlier, according to the MBA's Weekly...
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Clorox wipes will be hard to find until 2021, thanks to a 'very complex' supply chain shared with personal protective equipment

Clorox wipes will be hard to find until 2021, thanks to a 'very complex' supply chain shared with personal protective equipment

1 minute ago   |   Business Insider

Clorox wipes are expected to remain in short supply well into 2021 as a result of a "very complex" supply chain that shares a raw material used for personal protective...
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GOP senators support more money for airlines to pay workers

3 minutes ago   |   Chron

A group of 16 Republican senators has endorsed giving more money to airlines to avoid layoffs right before the November election, giving a boost to a lobbying effort by...
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The story behind Rent the Runway's first check

3 minutes ago   |   Tech Crunch

When Rent the Runway co-founders Jennifer Fleiss and Jennifer Hyman got their first term sheet, it had an exploding clause in it: If they didn't sign the offer in 24 hours...
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Blackout Blitz creator Big Run Studios raises $5.25 million for casual mobile games

Blackout Blitz creator Big Run Studios raises $5.25 million for casual mobile games

7 minutes ago   |   Venture Beat   |   4 articles

Big Run Studios, maker of Blackout Blitz, has raised $5.25 million in seed round funding, led by game investment firm Transcend Fund.
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How the COVID-19 crisis has prompted a revolution in scientific publishing

9 minutes ago   |   Fast Company   |   5 articles

Preprint servers have existed for decades, but the fight against the coronavirus has seen their use soar. They're changing how science is done-but need important...
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Even Covid Can't Justify $18.5 Billion Telehealth Deal

11 minutes ago   |   Washington Post

The proposed merger between digital-health darlings Teladoc and Livongo is simply too risky and pricey.
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This chart shows Amazon's one-day shipping has significantly rebounded, but many sellers still face long delays getting their own shipments to warehouses

This chart shows Amazon's one-day shipping has significantly rebounded, but many sellers still face long delays getting their own shipments to warehouses

13 minutes ago   |   Business Insider

Amazon's one-day delivery has returned to availability for more products, according to DataHawk, a research firm that specializes in Amazon's marketplace. Over 25% of the...
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Michelle Obama says she's dealing with 'low-grade depression' because of COVID-19, racial strife, and the Trump administration

Michelle Obama says she's dealing with 'low-grade depression' because of COVID-19, racial strife, and the Trump administration

13 minutes ago   |   Business Insider

Former First Lady Michelle Obama on Wednesday said she's been managing "some form of low-grade depression" in 2020. Obama attributed this, in part, to the Trump...
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A Singaporean tech stock has skyrocketed a world-beating 1,100% since the...

A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

Singaporean tech giant Sea's stock has ballooned more than 1,100% since the start of 2019. The astounding gain has raised its market capitalization from about $5 billion to $64... Read more ...

Square surges 16% after reporting quarterly earnings showing a 64% jump in...

Square surges 16% after reporting quarterly earnings showing a 64% jump in revenue

Square released its second quarter earnings results on Tuesday, a day early, after Bloomberg News reported the numbers. The company reported a 64% jump in revenue and a 167%... Read more ...

The Galaxy Tab S7 will bring 5G to Samsung's tablet line

The Galaxy Tab S7 will bring 5G to Samsung's tablet line

Samsung's going all in on 5G. The company was an early adopter for the next-gen wireless technology and has just offered it across the newly announce Galaxy Note 20. Turns out... Read more ...

Consumer spending could regress in the coming months as monthly personal...

Consumer spending could regress in the coming months as monthly personal income growth falls

US consumer spending improved on a monthly basis in May and June, but personal income could plunge as government programs end. And a drop in consumer spending and personal... Read more ...

Royal Caribbean, Carnival, Disney, and dozens of other cruise lines won't...

Royal Caribbean, Carnival, Disney, and dozens of other cruise lines won't sail out of the US until at least October 31

An industry group of roughly 60 cruise lines announced on Wednesday that they won't sail from US ports until October 31 at the earliest. This extension from an earlier... Read more ...

ISM Services Index increased to 58.1% in July, Employment Index Declined

ISM Services Index increased to 58.1% in July, Employment Index Declined

The July ISM Services index was at 58.1%, up from 57.1% in June. The employment index decreased to 42.1%, from 43.1%. Note: Above 50 indicates expansion, below 50... Read more ...

US companies added 167,000 in July, badly missing economist forecasts, ADP says

US companies added 167,000 in July, badly missing economist forecasts, ADP says

US private payrolls rose 167,000 in July, a Wednesday report from ADP showed . Economists had expected that private payrolls would rise by 1.2 million in July. The report is a... Read more ...

The US just struck a deal for 100 million doses of a coronavirus vaccine...

The US just struck a deal for 100 million doses of a coronavirus vaccine from Johnson & Johnson

Johnson & Johnson have entered into an agreement with the U.S. government to provide 100 million doses of its experimental coronavirus vaccine, with the option of 200 million... Read more ...

'Nothing Feels Tangible': Virtual Is New Reality For Grads Starting New Jobs

'Nothing Feels Tangible': Virtual Is New Reality For Grads Starting New Jobs

Job postings for entry-level positions popular with new college grads fell by 73%, compared with before COVID-19 hit. And for the class of 2020 who have landed jobs it's often... Read more ...

Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop

Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop

Oil prices rose Wednesday to the highest level since March after the Energy Information Administration reported that crude inventories fell last week by 7.4 million, more than... Read more ...