- Anna's DayBreak News
- Posts
- Mortgage Rates Rise Again, Ukraine Destroys $1.2 Billion Air Defense System and Arm Holdings Soars
Mortgage Rates Rise Again, Ukraine Destroys $1.2 Billion Air Defense System and Arm Holdings Soars
Anna Eisenberg
September 14, 2023
Anna's Daybreak News
TGIF news friends! Swing from the wildest headlines, slide into the most curious stories, and climb the peaks of the latest updates. 📰🌟
Mortgage Rates in US Rise Again
- US mortgage rates have risen for the first time since late August, with the average for a 30-year, fixed loan climbing to 7.18%.
- The increase is due to inflation and the strengthening of the US economy, with the average rate remaining above 7% for five weeks.
- If you're ready to buy a house, this could mean that you have to pay extra for that dream home.
- So, step away from the fantasizing and move your mouse towards the mortgage calculator - before your house-hunting dreams go up in smoke! Source: Read More
Do you think the US will be able to avoid a recession? |
Arm Holdings Soars 25%: A Big Win for SoftBank and Tech Giants!
Chip designer Arm Holdings burst onto the Nasdaq scene Thursday, closing at $63.59 after raising $4.87 billion in the year’s biggest IPO. The success of the listing granted a huge financial boon to SoftBank founder Masayoshi Son, as well as many of the tech giants that back Arm's listing such as Intel, Apple, and Nvidia.
Chip designer Arm Holdings burst onto the Nasdaq scene Thursday, closing at $63.59 after raising $4.87 billion in the year’s biggest IPO. The success of the listing granted a huge financial boon to SoftBank founder Masayoshi Son, as well as many of the tech giants that back Arm's listing such as Intel, Apple, and Nvidia.
- Arm Holdings rose 25% in its Nasdaq debut
- SoftBank founder Masayoshi Son and tech companies such as Intel, Apple, and Nvidia all benefited from Arm's success
- Arm's fully diluted valuation sits at a whopping $68 billion
- Though the future of the tech industry remains uncertain, one thing is certain: this was an IPO for the books! Source: Read More
UAW Strikes Big Three Automakers, but GM Pushes Deal at Last Minute
- The United Auto Workers union is preparing to go on a targeted strike at 11:59 PM against all three Detroit carmakers.
- GM CEO Mary Barra has offered a 20% raise over the duration of the contract, up from a previous 18% offer.
- The union is seeking a 36% raise, a proposal that GM may no longer be able to deny.
- The automotive industry is now on the brink of chaos as the two parties battle for the best deal—but GM may be up against the wall.
- As the clock winds down to midnight, and with the fate of America's automotive industry balancing on a knife's edge, Detroit's Big Three automakers will soon see if they can withstand the UAW's last-minute push for maximum leverage—or be subjected to ultimate pain. Source: Read More
Ukraine Launches Counterattack On Russia In Black Sea With Submarine And Missile Strikes
- Ukraine attacks Russian patrol ships and destroys air defences in Crimean cities
- Ukraine's navy uses 'sea drones' against Russian vessels, including the Olenegorsky Gornyak landing ship
- Ukraine's targeted air defence systems in Crimean towns to open path for more attacks
- Ukraine destroyed a Russian air-defense system worth in excess of $1.2 Billion
- In a strike for freedom, Ukraine seeks to drive the Russian Black Sea Fleet out of Crimean waters - This cannot be good news for Russia's already depleting coffers. Source : Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |