GoKawiil
Tech News
The average rate on a 30-year U.S. mortgage climbed for a seventh consecutive week, pushing it to its highest level since November 16, 2023. The increase continues a sustained upward trend in borrowing costs for home buyers.
A new survey finds U.S. households expect to spend an average of $285 on Halloween this year, covering costumes, decorations and candy. About one in five shoppers say they intend to use buy-now-pay-later services to help pay for the holiday.
An analysis of taxpayer-subsidized stadium projects found that the economic benefits touted by teams and leagues were consistently outweighed by the public costs involved. The pattern held across multiple projects examined, raising questions about the justification typically used to secure public funding for new sports facilities.
British AI cloud company Nscale announced a $3.36 billion convertible financing round on Friday, led by hedge fund Third Point. Of that, $2.36 billion is available immediately, with another $1 billion coming from Nvidia in mid-November; the notes will convert to equity once Nscale's planned IPO closes.
Wireless carriers increasingly promote installment financing that spreads a phone's cost over 24 to 36 months, sometimes bundling in taxes and activation fees so nothing is due upfront. However, these deals often come tied to bill credits or trade-in credits that require staying on a specific plan or carrier, and switching providers or plans midway can void remaining credits or trigger full remaining balance payments.
An Entrepreneur contributor argues that startups can no longer rely solely on a single venture capital raise as their financing plan, citing a sharp drop in global VC fundraising and slower exits that have left many funds unable to return money to their own investors. The piece recommends founders build a three-part capital stack combining equity, debt-based instruments and profitability to reduce dependence on favorable market timing.