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Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association's seasonally adjusted index. Applications were, however, 10% lower than they were in the same week one year ago.A big jump in mortgage rates may have actually spurred homebuyer demand, perhaps as consumers worried rates would move even higher. Mortgage rates surged to the highest level since 2008, while making their biggest…

Kellogg is planning to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses.Shares of the company rose 4% in morning trading.The announcement Tuesday comes a decade after Kellogg's $2.7 billion purchase of Pringles, which signaled the company's shift to focusing on the global snacks business with people increasingly eating more often between meals. Kellogg, along with rivals like Frito-Lay-owner PepsiCo and Oreo-cookie owner Mondelez,…

Mahindra is working on launching the new generation of the Scorpio on June 27th. It will be called Scorpio N and there is a lot of excitement around the new SUV. The manufacturer has already revealed the exterior as well as the interior of the Scorpio N. Now, the Scorpio N has been spotted with side-facing seats in the third row. The interior images that Mahindra released showcased front-facing third-row seats and even the spy video had front-facing seats. The new spy shots shared by Rushlane have third-row seats that…

The difficulties arise for anything like an autonomous car, which must interact with the world in two or possibly two and a half dimensions When it comes to robots, especially those that require some degree of autonomy, the more restricted the area in which they work, the simpler it is for them to engage with the world. A tethered industrial arm, for instance, simply has to worry about placing its tool within its work envelope. However, the difficulties arise for anything like an autonomous car, which must…

During a recent interview with Yahoo Entertainment, Woody Harrelson spoke highly about the upcoming remake of his and Wesley Snipes’ 1992 film White Men Can’t Jump, which will star the Grammy-nominated rapper Jack Harlow.“I’m feeling great about it,” Harrelson told the outlet. “They’re gonna make a better movie than we made. I’m looking forward to watching it.”Back in March, it was announced that Harlow will make his acting debut in the reboot of the Ron Shelton-directed sports comedy. Per Deadline, Harlow was hired…

The iPhone 13 Pro Max and iPhone 12 Pro.  Jason Cipriani/ZDNetApple's Move to iOS app is a tool built for Android users who are ready to make the switch from Google's operating system to the iPhone -- without leaving behind their personal data. For example, the Move to iOS app will transfer contacts, message history, photos, videos, mail accounts, and calendar entries from an Android device to an iPhone.  The app will also put a placeholder app icon on the iPhone's home screen for all free apps that are found on the…

NEW DELHI : The Indian government’s spending on information technology is expected to grow 12.1% to $9.5 billion in 2022, far higher than the 5% rise globally, according to Gartner, Inc. The research firm estimates government IT spends for the year globally to touch $565.7 billion. “Contrary to the worldwide spending, all segments will experience growth in India in 2022," Apeksha Kaushik, principal analyst, Gartner, said in an interview. Global geopolitical tensions…

The public’s expectations for inflation in the short term rose in May, according to a report Monday from the Federal Reserve Bank of New York. Households believe inflation one year from now will be 6.6% higher, up from the 6.3% projection seen in the April data and the highest level seen in a survey that goes back to 2013. But the New York Fed also found in its latest Survey of Consumer Expectations that the expected level of inflation three years from now held steady at 3.9%. The…

Lucky Luna is a new and original title coming to Netflix Games, and it’s based off of Japanese folklore. Announced during the Netflix Geeked Week games event today (June 10), the Lucky Luna trailer can be watched below: https://www.youtube.com/watch?v=2Jhfofq-ehw Inspired by Japanese folklore, players will be tasked with guiding Luna “through hidden dungeons and mythical temples to unlock the secrets of her past” in a title that takes inspiration from plenty of old school platformers. The game is a 2D vertical…

Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent.Diana Olick | CNBC Real Estate CorrespondentAs demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies.The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas."This market is very undersupplied. There are not enough quality homes for the number of American families," said…