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July Mortgage Forecast: Will Interest Rates Budge This Summer?

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The average rate on a 30-year fixed mortgage was around 6.7% on Monday, down roughly 0.25% from the previous month, according to Bankrate data. Despite the recent decline in rates, forecasts for the housing market have remained unchanged. Mortgage rates, linked to the bond market, have been stuck in limbo between 6.5% and 7% for months. President Trump's on-and-off-again tariffs, stock market sw

The Chinese EV Carmaker That Is Quietly Crushing Tesla

While Tesla’s struggles dominate the headlines, a quieter but more significant story is unfolding: Chinese electric vehicle makers are on a tear. For the second consecutive quarter, Elon Musk’s Tesla has seen its sales decline, a stark contrast to the booming growth reported by rivals like BYD and NIO Inc, who are steadily gaining market share and widening their lead. The second-quarter sales numbers paint a bleak picture for the American EV pioneer. Tesla delivered 384,122 vehicles worldwide,

Tesla Is Losing the EV War to Chinese Carmakers

While Tesla’s struggles dominate the headlines, a quieter but more significant story is unfolding: Chinese electric vehicle makers are on a tear. For the second consecutive quarter, Elon Musk’s Tesla has seen its sales decline, a stark contrast to the booming growth reported by rivals like BYD and NIO Inc, who are steadily gaining market share and widening their lead. The second-quarter sales numbers paint a bleak picture for the American EV pioneer. Tesla delivered 384,122 vehicles worldwide,

As Samsung’s smartwatch market share drops, more than ever is riding on the Galaxy Watch 8

Damien Wilde / Android Authority TL;DR Samsung is expected to introduce its Galaxy Watch 8 lineup at Unpacked on July 9. Earlier this year, Samsung dropped from 3rd to 4th place in global smartwatch sales. Sales in North America and Europe have been particularly hard hit. Today may be a holiday here in the US, but for mobile tech fans, the big celebration is still a few days away. Next Wednesday, on July 9, Samsung hosts its latest Unpacked event in New York City, where the company is expect

Mortgage Predictions for July: Will Rates Continue Falling?

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Mortgage rates are holding near a two-month low, with average 30-year fixed rates having fallen just below 6.7%, according to Bankrate data. After weeks of hovering close to 7%, it's a positive sign in today's unaffordable housing market. But it's unclear how much staying power the recent decline will have. Thursday's Bureau of Labor Statistics job report showed slightly lower unemployment in Ju

Apple Watch and AirPods continue to dominate the global market – for now

A pair of market intelligence reports show that the Apple Watch and AirPods continue to dominate the global market in their respective categories. However, Apple’s long-held lead in the smartwatch market is now being challenged by Huawei, according to the latest estimates … AirPods Market intelligence company Counterpoint Research has published a pair of reports, the first on the in-ear headphone market – a category technically referred to as TWS (true wireless stereo). Apple’s new model lin

Catalio Capital closes over $400M Fund IV

In Brief Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV, in particular, has backed 16 companies already, including the diagnostics company PinkDx and the drug discovery company Superluminal Medic

Nothing's New Phone (3) and Headphone (1) Look Nothing Like You've Seen Before

Phones kind of look same-y. Headphones don't look that visually different either, whether it's a Sony or a Bose. UK-based tech company, Nothing, took it upon itself to change things up again, giving us a smartphone with a design the likes of which we haven't seen before, and headphones that are sure to turn heads. Today, the company announced the Phone (3), its third-generation flagship smartphone, and the Headphone (1) at an event in London. The smartphone starts at $799 for the 256 GB model,

The eight reasons people upgrade Mac or PC, as shipments surge

A new market intelligence report lists the eight reasons people opt to upgrade Mac or PC, divided into three categories. It also reveals that Mac shipments grew faster than any PC brand in the first quarter of the year, with year–on–year growth of almost 29% … Canalys measures shipments rather than sales. These are often closely related, but there are a number of ways in which they may differ. In this case, the market intelligence firm says that concerns about tariffs have led resellers to im

Cloudflare launches a marketplace that lets websites charge AI bots for scraping

Cloudflare, a cloud infrastructure provider that serves 20% of the web, announced Tuesday the launch of a new marketplace that reimagines the relationship between website owners and AI companies — ideally giving publishers greater control over their content. For the last year, Cloudflare has launched tools for publishers to address the rampant rise of AI crawlers, including a one-click solution to block all AI bots, as well as a dashboard to view how AI crawlers are visiting their site. In a 20

Mortgage Rate Predictions: How Tariffs, War and the Fed Are Impacting Rates

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Mortgage market predictions have been clouded by economic uncertainty caused by the Trump administration's trade measures, deficit spending and geopolitical maneuvering. The big question hanging over the housing market is whether rates will rise due to tariff-induced inflation or fall due to a recession. Since early spring, average mortgage rates for 30-year fixed loans have been swinging betwee

Entry-level jobs down by a third since launch of ChatGPT

The UK jobs market continued its cautious recovery in May, with annual vacancy growth and rising wages offering signs of resilience despite a modest monthly decline in job postings. However, entry-level opportunities have taken a significant hit, dropping by nearly a third since the advent of widely available generative AI tools at the end of 2022. According to the latest UK Job Market Report from job matching platform Adzuna, the number of advertised vacancies fell slightly by 0.51% in May to

Topics: job market roles uk year

Pixels lack this key calling feature in many markets, but there is a possible solution

Ryan Haines / Android Authority TL;DR The GSMA has told Android Authority it could work with Google to broadly enable VoLTE around the world. Google Pixel phones lack VoLTE support in most markets where Pixels aren’t sold. This news comes months after Samsung and the GSMA announced a plan to enable VoLTE by default on Galaxy phones. Samsung and the GSMA announced a plan earlier this year to broadly enable VoLTE tech by default on Galaxy phones in many markets. This is a big deal as 3G networ

Tech Workers Say They're Rapidly Being Replaced by AI

"She claimed it was outperforming us." As AI conquers every human-driven endeavor at a breathless pace, from bombing military targets to teaching kids, we gotta ask ourselves a scary question: what is it doing to the workplace right now, and in the future? Sure, we have Dario Amodei, CEO of hotshot AI company Anthropic, saying he foresees AI models erasing 50 percent of entry-level white collar positions throughout the entire job market, but that could be all marketing hype. To get to the bot

Nvidia notches 5-day win streak as it hits record highs

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Nvidia stock rose for a fifth consecutive day Friday as the chipmaker notched fresh highs and investors shook off China concerns. The rise in shares has helped the artificial intelligence chipmaking giant regain its seat as the most valuable company. The stock is up 66% since hitting its 52-week low in early

Mortgage Rate Predictions: Will Military Conflict, Tariffs and the Fed Keep Rates High?

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The housing market is hardly immune to political and economic volatility, yet mortgage rates have been eerily calm over the last period. Since the spring, the average rate for a 30-year fixed mortgage has moved in a mostly narrow range around 6.8% and 7%. Mortgage rates were expected to gradually improve in 2025. However, the Trump administration's inflationary tariffs, deficit spending and geop

Nvidia heads for 5-day win streak as it hits record highs

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Nvidia stock rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns. The rise in shares has helped the artificial intelligence chipmaking giant regain its seat as the most valuable company. The stock is up 66% since hitting its 52-week low in ear

Mortgage Rate Forecast Clouded by War Moves, Tariffs and the Federal Reserve

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The housing market is hardly immune to political and economic volatility, yet mortgage rates have been eerily calm over the last period. Since the spring, the average rate for a 30-year fixed mortgage has moved in a mostly narrow range around 6.8% and 7%. Mortgage rates were expected to gradually improve in 2025. However, the Trump administration's inflationary tariffs, deficit spending and geop

What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for it

After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis during trading on Thursday and ending the day up close to 8%, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have led a recent crypto rise, as digital assets joined the resumption of the risk-on rally, with additional factors such as the potential for

Meta wins AI copyright case filed by Sarah Silverman and other authors

Federal Judge Vince Chhabria has ruled in favor of Meta over the 13 book authors, including Sarah Silverman, who sued the company for training its large language model on their published work without obtaining consent. His court has granted summary judgment to Meta, which means the case didn't reach full trial. Chhabria said that Meta didn't violate copyright law after the plaintiffs had failed to show sufficient evidence that the company's use of the authors' work would hurt them financially.

Meta Wins Blockbuster AI Copyright Case—but There’s a Catch

Meta scored a major victory in a copyright lawsuit on Wednesday when a federal judge ruled that the company did not violate the law when it trained its AI tools on 13 authors' books without permission. “The Court has no choice but to grant summary judgment to Meta on the plaintiffs’ claim that the company violated copyright law by training its models with their books,” wrote US District Court judge Vince Chhabria. He concluded that the plaintiffs did not present sufficient evidence that Meta’s

US senators reintroduce bill to open Apple and Google's app stores

Senators Marsha Blacburn (R-Tenn.), Mike Blumenthal (D-Conn.), Amy Klobuchar (D-Minn.) Dick Durbin (D-Ill.) and Mike Lee (R-Utah) have reintroduced a bill that would force app store owners like Apple and Google to allow third-party payment systems and sideloading apps, among a collection of other developer-friendly changes. The bill, called the Open App Markets App, was originally introduced in 2021, but it never came up for a vote after passing through the Senate Judiciary Committee in 2022. T

Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm, told TechCrunch in an emailed statement. “There’s no better team than Kalshi to scale prediction markets and reshape how people think about

Sony faces another class-action lawsuit over PlayStation Store prices and monopolistic practices

In brief: Sony is facing another class-action lawsuit over the price of games and DLC on its PlayStation Store. The suit has been filed in the Netherlands and claims that the company has been exploiting its dominant position in the console market for at least ten years. According to the legal representatives of the 'Fair PlayStation' campaign, at least 1.7 million Dutch PlayStation owners pay too much for their digital downloads. Economic research shows consumers pay an average of 47% more for

Google could face changes to search in the UK as regulators crack down

Google could face changes to its online search services in the U.K. after regulators raised concerns over the tech giant's dominance. The Competition and Markets Authority on Tuesday said it is consulting on a proposal to give Google "strategic market status," a designation under new competition rules for tech firms that hold entrenched power in a certain market. The watchdog was granted expanded competition and merger control powers this year as the Digital Markets, Competition and Consumers

Mortgage Rate Predictions: Is This Week the Calm Before the Storm?

Tharon Green/CNET Though the housing market is never immune to political and economic volatility, mortgage rates have been eerily calm. Over the last month, the average rate for a 30-year fixed mortgage has moved in a narrow range between 6.8% and 7%. An escalating war in the Middle East could spark fresh volatility across global markets, significantly affecting oil prices and the US dollar. That would have a ripple effect on long-term Treasury yields and mortgage rates. Mortgage rates had be

CoinMarketCap briefly hacked to drain crypto wallets via fake Web3 popup

CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors' crypto. On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them. The company later confirmed threat actors utilized a vulnerability in the site's ho

Intel to outsource marketing to Accenture and AI, cutting in-house staff

What just happened? Intel is preparing for a major transformation of its marketing operations, marking a significant shift in how the company approaches customer engagement and internal organization. Under the direction of newly appointed CEO Lip-Bu Tan, the technology giant will outsource a substantial portion of its marketing work to Accenture, a global consulting firm, with artificial intelligence playing a central role in the transition. This move is expected to result in significant layoff

Everything we know about Tesla's robotaxi launch in Austin

Tesla 's long-overdue robotaxi is finally hitting the streets this weekend, but the rollout may face some roadblocks. The Elon Musk-led electric vehicle company is expected to roll out robotaxis in Austin, Texas, on June 22, with the first driverless trip from the factory to a customer house expected on his birthday, June 28. Musk shared news of the tentative debut in a post to social media platform X last week. Here's what we know about the Tesla event so far. When and where The launch wil