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The lending market cooled in August, with mortgage approvals falling for the second consecutive month to reach its lowest level since February. Mortgage approval data from the Bank of England shows that approvals sat at 45,354 in August, dropping by -8.4% from 49,532 in July. The approval data looks starker compared to August last year, when approvals were 37.3% higher at 72,321. Jonathan Samuels, chief executive of Octane Capital, said: “After enduring rate increase after rate increase at the hands of the Bank of England, it’s little wonder that buyer appetites have diminished and this has now become clear with…

The United Auto Workers reached an agreement with Mack Trucks to avert a strike and Apple said it would release a software update to address iPhone 15 overheating issues. Here’s what investors need to know today. 1. UAW Reaches Agreement with Mack Trucks to Prevent Strike The United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks that would increase wages and extend benefits to the automaker’s nearly 4,000 U.S. workers after the union authorized a strike. The tentative agreement still requires ratification by union members and comes after the UAW expanded its strikes against the Detroit “Big…

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest market news check out finance.yahoo.com Stocks were mixed Wednesday after Federal Reserve Chair Jerome Powell said consecutive interest-rate hikes are on the table and as techs came under pressure from concerns about more curbs on AI chip exports. Tech stocks gave the Nasdaq Composite (^IXIC) a lift, up 0.4%. The S&P 500 (^GSPC) edged higher above the flatline, while the Dow Jones Industrial Average (^DJI) was down about 0.2% after Powell’s comments. Nvidia and other AI stocks declined after reports that…

IF GLOBAL WARMING is to be limited, the world must forget about fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured putting a price on carbon, a mechanism that Europe introduced in 2005. Doing so allows the market to identify the cheapest unit of greenhouse gas to cut, and thus society to fight climate change at the lowest possible cost. Others, including many American politicians, worry that such schemes will provoke a backlash by raising consumer costs. Under President Joe Biden, America is instead doling out…

Conan “the Barbarian”, a montage using Milei’s mastiff.Joaquin Temes After several weeks trying to come out of a state of shock, Argentina’s intelligentsia is finally getting over their “Milei hangover” and trying to get on with it. Even if they don’t really know what the “it” really is – it’s not like they would’ve had an idea under the expected scenario where Juntos por el Cambio appeared as the clear front-runner. In Argentina, every circumstance is an excuse for the dollar-peso exchange rate to go crazy. With the ultra-libertarian economist clearly in the lead, the expectation that he will be…

Bitcoin’s 12–18 months UTXOs are not selling despite being close to the breakeven point. The average BTC holder was in profit at press time, with more optimism on display. Long-term holders of Bitcoin [BTC] are displaying unwavering belief in the coin, as BTC maintained its value above $27,000 as the new month began. This conclusion was a result of the realized cap’s new high. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Support for BTC On 1 October, Glassnode revealed that the Bitcoin realized cap reached a 30-day high of $395.65 billion. ???? #Bitcoin $BTC Realized Cap just reached a 1-month high…

The government needs to release the full £3.8bn of the Social Housing Decarbonisation Fund in the upcoming Autumn Statement to alleviate concerns regarding the UK’s green priorities. That is according to Derek Horrocks, chair of the National Home Decarbonisation Group. He said the government’s backpeddling on green policies – for example the decision to ditch minimum EPC ratings for landlords by 2028 – is ‘a cause for concern’. The £3.8bn Social Housing Decarbonisation Fund, which first opened in August 2021, was designed to provide £3.8bn of funding to Local Authorities over a 10-year period. Horrocks said: “The UK is often…

Key Takeaways The U.S. House and Senate approved a stopgap funding bill to avert a government shutdown.The deal grants another 45 days to negotiate spending plans, keeping the government running until November 17, 2023.Disaster spending has increased, but further assistance to Ukraine is was dropped as part of the deal. The Senate and the U.S. House of Representatives passed a funding bill on Saturday evening, avoiding a shutdown. The bill now goes to President Joe Biden to be signed. The bill will fund government operations through November 17, leaving the door open for future negotiations. It includes natural disaster relief,…

CNBC’s Joe Kernen reports on the latest news of the SEC suing Coinbase over exchange and staking programs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News…

Amorn Suriyan/iStock via Getty Images Methode Electronics, Inc. (NYSE:MEI) has made a notable move by acquiring Nordic Lights. While this acquisition has the potential to influence the company’s direction significantly, I believe certain aspects of MEI’s financial performance in FY 2023 warrant attention. Specifically, the post-acquisition figures indicate a decline in MEI’s EBIT margins and net sales. This raises questions about the integration challenges and the overall efficacy of the acquisition strategy. Furthermore, I find MEI’s capital allocation decisions somewhat perplexing, especially in light of the declining margins. I believe a more cautious approach to cash management would have been…