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AI journalism startup Symbolic.ai signs deal with Rupert Murdoch's News Corp
TechCrunch· 2026-01-16 00:49
Core Insights - Symbolic.ai has signed a significant deal with News Corp to utilize its AI platform for enhancing financial journalism through Dow Jones Newswires [1][3] - The AI platform developed by Symbolic.ai claims to improve productivity by up to 90% for complex research tasks, streamlining editorial workflows [2] Company Developments - News Corp, which owns major assets like MarketWatch, the New York Post, and the WSJ, is actively integrating AI into its operations [1][3] - In 2024, News Corp entered a multi-year partnership with OpenAI to license its material, indicating a strategic move towards AI collaboration [3] Technology Impact - Symbolic.ai's platform aims to enhance various editorial processes, including newsletter creation, audio transcription, fact-checking, and SEO optimization [2]
Mortgages Above 6% Now Exceed Share of Mortgages Below 3%, Marking a Turning Point in the Rate Lock-In Era
Prnewswire· 2026-01-14 11:05
Core Insights - The share of U.S. homeowners with mortgage rates above 6% has surpassed those with rates below 3%, indicating a significant shift in the housing market after years of low borrowing costs [1][2][9] Mortgage Rate Trends - In Q3 2025, 21.2% of outstanding mortgages had interest rates of 6% or higher, compared to 20.0% with rates below 3% [2] - Mortgage rates have decreased from a peak of 7.04% in January 2025 to the low-6% range by the end of the year, but have remained above 6% since September 2022 [2][6] Homeowner Behavior - The transition to higher-rate mortgages reflects a gradual adjustment as some households exchange low-rate mortgages for higher-rate loans or enter the market for the first time, despite the rate lock-in effect limiting inventory recovery [3][4][6] - More than half (51.5%) of outstanding mortgages still have rates at or below 4%, contributing to homeowner hesitance to sell, as moving would increase monthly payments significantly [4] Market Dynamics - The share of mortgages with rates above 6% has increased by over 4 percentage points from Q3 2024 to Q3 2025, indicating ongoing buyer activity despite high rates [6] - Housing supply has improved, leading to a more balanced national market, although inventory remains constrained in affordable areas [7] Future Outlook - Modest decreases in mortgage rates into the low-6% range could stimulate additional homebuying activity, with easing inflation and mortgage rates being crucial for increasing seller participation [8]
Dow Jones Consumer Platforms to Feature Polymarket's Prediction Market Data
PYMNTS.com· 2026-01-07 19:26
Core Insights - Polymarket's real-time prediction market data will be integrated into various Dow Jones consumer platforms, enhancing the information available to users [1][2] - The partnership aims to provide insights on economic, political, and cultural topics through prediction market signals [3] Partnership Details - An exclusive partnership between Polymarket and Dow Jones was announced, allowing Dow Jones to utilize Polymarket's prediction market data [2] - Dow Jones will feature this data on its digital properties and in print, including an earnings calendar that reflects market expectations for corporate performance [4] Market Impact - The prediction market data is seen as a growing source of real-time insights into collective beliefs about future events, according to Dow Jones CEO Almar Latour [4] - Polymarket's data is increasingly recognized for its reliability and transparency, combining journalistic insight with market probabilities [5] Industry Growth - The prediction market sector has experienced significant growth, with global trading volumes exceeding $28 billion in 2025, and Polymarket and Kalshi contributing $3.71 billion to venture funding [6]
U.S. Luxury Home Market Shows Mixed Pricing and Divergent Selling Speeds
Prnewswire· 2025-12-22 11:00
National luxury prices ease while select markets see rapid turnover ® AUSTIN, Texas, Dec. 22, 2025 /PRNewswire/ -- National luxury home prices continued to soften in November 2025, with the 90th-percentile threshold dipping to $1.20 million, down 2.3% from a year ago, according to the November Realtor.com Luxury Housing Report. While the ultraluxury segment showed modest monthly growth, the broader luxury market is experiencing a mixed landscape, with some metros moving quickly and others seeing slower turn ...
When Mortgage Rates Rise Flipped Homes Fall Flat
Prnewswire· 2025-12-18 11:00
Core Insights - Renovated homes are still attracting online interest and selling faster than older homes, but the pricing power and returns for flipped homes have weakened due to higher mortgage rates affecting buyer demand [2][3][5] - The performance gap between flipped homes and older homes has narrowed compared to 2021, with flipped homes receiving fewer page views and spending more time on the market [4][5] Market Performance - Flipped homes have a median listing price of approximately $380,000, slightly lower than the $385,000 for other older homes, but they are typically smaller and have a higher price per square foot [3][4] - In October 2025, flipped homes received about 6.5% more page views per listing and spent roughly 10 fewer days on the market compared to older homes, a significant decrease from the 25% advantage in 2021 [4][5] Sales Dynamics - Among flipped homes listed in July 2025, the median sale price was at an 8.3% discount from the highest post-renovation listing price, compared to a 2.9% discount for older homes [5] - The typical flipped home was purchased at 51.4% of its metro's median single-family home price and listed at 87.8% of the median after renovation [6] Flip Factor - The "Flip Factor," a new metric introduced in the report, measures the price increase of flipped homes relative to their pre-renovation prices, with a national average of 36.4 percentage points [7][8] - Only eight U.S. metros saw flipped homes listed above the local median price, indicating that significant value addition through renovations is rare [8][11] Regional Insights - Pittsburgh and Cape Coral, FL, are notable for having flipped homes listed above the market median, with Pittsburgh showing a Flip Factor of 58.2 percentage points [10][11] - The report highlights that affordable markets tend to see the largest price jumps relative to the market, with several metros demonstrating significant Flip Factors [9][10]
Trump Slams CNN As 'Disgrace,' Demands Network Be Sold In Wake Of Warner Bros Discovery Deal - Netflix (NASDAQ:NFLX), News (NASDAQ:NWS)
Benzinga· 2025-12-11 08:46
President Donald Trump has once again targeted CNN, suggesting on Wednesday that the news network should be sold as part of the ongoing deal involving its parent company Warner Bros. Discovery (NASDAQ:WBD) .Trump Attacks CNN Again“I think the people that have run CNN for the last long period of time are a disgrace. I think it’s imperative that CNN be sold because you certainly wouldn’t want to…just leave those people with some money, good money…so that.. they can spend even more money spreading poison becau ...
U.S. Luxury Market Splits: Price Cuts Ignite Sales While Select Metros See Rapid Price Growth
Prnewswire· 2025-11-24 11:00
Core Insights - The U.S. luxury housing market is exhibiting two contrasting trends, with a national entry point for luxury homes decreasing by 2.2% year-over-year to $1.22 million, while certain metropolitan areas are experiencing rising prices and faster sales, indicating strong buyer competition [1][3][5] National Luxury Market Overview - The national luxury benchmark, defined by the 90th percentile of listing prices, has decreased to $1.22 million, reflecting a 2.2% decline from the previous year [3][12] - The ultra-luxury segment (99th percentile) has shown signs of stabilization, increasing by 1.0% month-over-month to $5.41 million, although it remains 3.3% lower than last year [3][12] High-Velocity Markets - North Port-Bradenton-Sarasota, Florida, leads the nation with a nearly 20% year-over-year increase in its luxury entry point to $1.67 million, indicating strong demand from high-net-worth buyers [5][7] - Other competitive markets include Heber, Utah (8.4% increase), Boise City, Idaho (3.1% increase), and Minneapolis, Minnesota (2.7% increase), all showing faster sales alongside rising prices [5][8] Price Correction Markets - Markets such as Bridgeport, Connecticut, and Charleston, South Carolina, are experiencing significant price drops, with Bridgeport seeing a 7.5% decline and a 42.5% reduction in days on market, effectively clearing inventory and boosting sales [9][10] - Kahului-Wailuku, Hawaii, recorded the largest year-over-year decline in luxury pricing, falling nearly 20% to $3.79 million [9][10] Market Dynamics - The overall median time on market for typical listings has lengthened by five days year-over-year, yet the gap between luxury and typical sales times remains tighter than usual, indicating relative strength in luxury buyer demand [4][12] - The luxury market is characterized by a split between areas with rising prices and those undergoing price corrections, suggesting a re-establishment of market equilibrium in certain regions [3][9]
Elanco's Credelio™ CAT (lotilaner) Receives First FDA Emergency Use Authorization (EUA) for Treatment of New World Screwworm (NWS) in Cats
Prnewswire· 2025-11-21 18:35
Core Points - Elanco Animal Health has received Emergency Use Authorization (EUA) from the FDA for Credelio CAT (lotilaner) to treat New World screwworm (NWS) infestations in cats, marking the first EUA for this purpose in felines [1][10] - The EUA is a proactive measure in response to confirmed cases of NWS detected near the U.S.-Mexico border, ensuring treatment options are available for veterinarians and pet owners [2][6] - Elanco emphasizes its commitment to feline health by providing innovative solutions for cats, addressing the historical disparity in treatment options compared to dogs [3][5] Company and Product Information - Credelio CAT is part of Elanco's broader Credelio franchise, which has previously received EUA for treating NWS in dogs, showcasing a comprehensive approach to animal health [5][10] - The FDA's authorization was based on research demonstrating Credelio CAT's efficacy against both Old World and New World screwworms [4][10] - Elanco aims to fill the gap in companion animal care, as only 40% of cat owners take their pets to the veterinarian compared to over 90% of dog owners [3][6] Health and Safety Considerations - The New World screwworm poses a significant threat as it lays eggs on open wounds of healthy animals, leading to severe tissue damage if untreated [6][8] - Preventative measures, such as effective flea and tick control, are crucial to minimize the risk of NWS infestations [7][9] - Credelio CAT is indicated for the treatment and prevention of flea infestations and is effective for cats and kittens aged 8 weeks and older [12][15]
Home for the Holidays: Half of Americans Factor Thanksgiving Hosting into Their Home Search
Prnewswire· 2025-11-19 11:00
Core Insights - A recent Realtor.com survey indicates that over half (52%) of U.S. adults consider hosting Thanksgiving dinner as a factor in their home search [1] - Younger generations, particularly Gen Z and Millennials, are more focused on hosting space, with 60% of each group stating that Thanksgiving entertaining influenced their housing decisions [2] Home Features Preferences - Ample space is the top motivator for Americans when considering hosting guests, with 92% prioritizing a large family room and 92% also valuing a big kitchen [3][4] - Specialty features like double ovens are less important, with only 12% labeling them as a "must-have" [3] Bedroom vs. Bathroom Preferences - Americans are divided on whether they prefer an extra bedroom or an extra bathroom, with 44% favoring a spare bedroom and 45% preferring an additional bathroom [5] - Gen Z shows a preference for bathrooms (48%) over bedrooms (39%) [5] Bathroom Needs Based on Household Size - The ideal number of bathrooms increases with household size, with one- and two-person households preferring two bathrooms, while households with three or more people agree that three bathrooms are ideal [6] Survey Methodology - The survey was conducted with a sample of 1,000 American adults aged 18 to 65 from October 17-19, 2025, without post-stratification applied to the results [7]
A 0% Down VA Loan Can Put Veterans in a Home 4.4 Years Sooner
Prnewswire· 2025-11-10 11:00
Core Insights - The report highlights that VA loans enable U.S. Veterans to achieve homeownership significantly faster than conventional loans, with a 0% down payment allowing first-time buyers to move in approximately 4.4 years sooner [1][2][3] VA Loan Utilization and Benefits - 74% of first-time VA loan users make a 0% down payment, compared to a 12% median down payment for conventional buyers, which translates to a substantial upfront cost saving of about $51,600 on a typical $430,000 home [2][3] - VA loans can help first-time buyers enter the housing market and start building equity years earlier, with the time to accumulate a conventional down payment stretching to 6.6 years at a 10% savings rate, while a 20% rate reduces it to 3.3 years [3] Regional Variations in VA Loan Utilization - Across various U.S. metro areas, VA loans can reduce the time to homeownership by 2.7 to 10 years, with the most significant benefits seen in high-cost areas like Los Angeles, where it can be up to 10 years sooner [4][5] - High-cost markets such as Los Angeles, San Francisco, and New York show low VA loan utilization due to high home prices, co-op restrictions, and limited awareness of the benefits [5][6] Awareness and Accessibility Challenges - Approximately one-third of Veterans and active-duty service members are unaware that they can purchase a home with no money down, indicating a significant awareness gap [8][9] - The Mission Zero campaign aims to close this awareness gap, ensuring that more Veterans understand and can utilize their VA loan benefits [9][10] High Utilization Areas - Areas near military bases, such as Virginia Beach and Colorado Springs, exhibit high VA loan utilization rates of 42.1 and 43.1 per 1,000 military households, respectively, reflecting better awareness of the program [7][8] - Conversely, markets with fewer military households, like Salt Lake City and Fresno, show lower utilization despite the potential financial benefits [7]