Anna's Daybreak News

Thursday, 5:13 AM

September 26, 2024

Good morning news friend! Keep informed with the latest updates, staying in tune with the rapidly changing stream of events. 📰🌟

Mortgage Refinancing Boom

Mortgage refinancing applications surged by 20.3% for the week ended September 20. The highest level of refinancing activity since April 2022. 

The Mortgage Bankers Association reported that the 30-year fixed mortgage rate eased 2 basis points to 6.13%. The eighth consecutive week of declines. It is also the longest decline stretch since 2018-2019.

Refinancing now makes up 55.7% of all mortgage applications. Home purchase applications only increased by 1%.

Moreover, the average loan size reached a record $413,100.

Source: Read More

Boeing Strike Halts 737 Production

Boeing stopped producing its 737 jets as 33,000 workers from the International Association of Machinists and Aerospace Workers continue to strike.

The strike began on September 13 and has delayed deliveries, with only two 737s shipped last week and no 787 deliveries.

Boeing offered a 30% pay increase over four years, but the union rejected it, calling it insufficient. The workers demand higher wages to match Washington's high cost of living.  

Boeing’s supplier, Spirit AeroSystems, warns of impending furloughs if the strike lasts beyond mid-October. Boeing spends about $1bn per month with companies that supply the 737, 767 and 777 jetliner programmes.

Source: Read More

Ozempic Against Opioid Overdose?

Researchers reveal that Ozempic (a diabetes drug also used for weight loss) may significantly reduce the risk of opioid overdose.

This finding comes from a study involving 3,000 participants with Type 2 diabetes and opioid use disorder.

Participants on semaglutide, the active ingredient in Ozempic, experienced a 60% decrease in overdose incidents. There were 48 opioid overdose cases in the semaglutide group compared to 72 cases in those taking other diabetes medications. 

Researchers remain uncertain about how semaglutide aids in addiction recovery. They note that this medication may also help reduce alcohol cravings.

Source: Read More

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Meta’s Leap into Mixed Reality

Meta introduced two new products: the Orion augmented reality glasses and the Quest 3S mixed reality headset.

The Orion glasses weighing less than 100 grams, would be the lightest AR glasses on the market. They will merge the physical and virtual worlds.

The glasses, made from magnesium alloy and powered by custom silicon, allow interaction through hand-tracking and voice commands. They will launch in 2027.

Meta also plans updates to Ray-Ban Meta smart glasses that include AI tools for reminders and real-time translation.

Source: Read More

OpenAI's Tectonic Shift

OpenAI plans to restructure as a for-profit benefit corporation. This change will dissolve its non-profit board's control over the company.

CEO Sam Altman will gain 7% equity in OpenAI for the first time, potentially worth up to $150 billion.

Chief Technology Officer Mira Murati announced her exit after over six years. Other executives, such as Chief Research Officer Bob McGrew and VP of Research Barret Zoph, will also depart.

OpenAI’s valuation rose from $14 billion in 2021 to $150 billion in current discussions.

Source: Read More

“Bad-mouthing is the only genuine, never faked expression of admiration”

Baked with love,

Anna Eisenberg ❤️