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Mortgage rates rise sharply after three weeks of easing

A "For Sale" sign outside a house in Crockett, California, on Tuesday, May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesMortgage rates rose sharply this week, after pulling back over the last three weeks.The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury.The average rate on the popular 30-year fixed loan ended last week at…

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

In this photo illustration, a photo of a hand infected with the Monkeypox virus is seen through a magnifying glass. Monkeypox is a viral disease that occurs mainly in central and western Africa.Rafael Henrique | Lightrocket | Getty ImagesThe World Health Organization on Wednesday confirmed more than 550 monkeypox cases across 30 countries as the virus continues to spread across the globe.WHO Director-General Tedros Adhanom Ghebreyesus said the sudden appearance of monkeypox in multiple countries across the world indicates…

Delta hikes sales forecast to pre-pandemic levels as demand and fares rise

Delta Air Lines expects its revenue to return to 2019 levels this quarter thanks to a surge in travel demand and higher fares that helped it cover a jump in fuel costs, the carrier said in a filing Wednesday.The Atlanta-based airline updated its forecast less than a week after announcing it would trim its schedule to try and stem flight disruptions that impacted tens of thousands of passengers last month. The airline had been more conservative about expanding its schedule compared with competitors.Still, hundreds of…

Britain urges people with monkeypox to abstain from sex as cases rise

Test tubes labelled "Monkeypox virus positive and negative" are seen in this illustration taken May 23, 2022. Dado Ruvic | ReutersU.K. health authorities have urged anyone who tests positive for the monkeypox virus to abstain from sex until their symptoms have cleared.In new guidance released Monday, the U.K. Health Security Agency also recommended that previously infected persons continue to use condoms for a period of eight weeks after the virus has passed, as a precautionary measure.The health agency said the risks to…

Crude oil prices rise as EU agrees ban on Russian oil

The prices of crude oil rose on Tuesday after the European Union agreed in principle to cut 90 per cent of oil imports from Russia by the end of the year. Brent futures contract for July, which expires on Tuesday, rose $2.11, or 1.7 per cent, to $123.78 a barrel by 1103 GMT, after earlier rising to $124.10 – its highest since March 9. The August contract rose from $1.57 to $119.17. The premium of August-loading Brent contracts over a six-month spread hit a nine-week high at close to $15 a…

Bitcoin, Cardano on the Rise: Check Out Today’s Profitable Cryptocurrency Prices  

The top 10 current cryptocurrency prices on May 31, 2022, to eliminate chances of incurring losses Crypto investors are concerned about cryptocurrency prices after the drastic fall of stablecoins in the highly volatile cryptocurrency market. The cryptocurrencies are showing a rise in their current prices with a green flag. It is a profitable day for crypto investors to yield in their crypto wallets. Thus, it is essential to check out the cryptocurrency prices before making some smart moves with crypto wallets on…

S&P 500 futures rise following last week’s bounce

Traders on the floor of the NYSE, May 23, 2022.Source: NYSES&P 500 futures rose on Monday night, as Wall Street tried to build on last week's momentum.Dow Jones Industrial Average futures gained 36 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.8%, respectively. The U.S. stock market didn't open Monday due to the Memorial Day holiday.Those moves follow the best weekly gains for the Dow and S&P 500 since November 2020.The Dow closed up 6.2% for the week, ending an eight-week losing streak.…

The rise of AI is pushing patent laws to their limits

It was the veritable search for a needle in a haystack. With drug-resistant bacteria on the rise, researchers at MIT were sifting through a database of more than 100 million molecules to identify a few that might have antibacterial properties. Fortunately, the search proved successful. But it wasn’t a human who found the promising molecules. It was a machine learning program. One compound has been patented under the name Halicin in homage to HAL, the artificial intelligence (AI) in Arthur C…

Indian shares rise more than 1 percent on tech rally

A rally in technology stocks drove up Indian shares more than 1 percent on Monday, with the market also benefiting from an improvement in the global mood after China eased its COVID-19 curbs. The NSE Nifty 50 index was up 1.61 percent at 16,614.60 by 0427 GMT, while the S&P BSE Sensex rose 1.64 percent to 55,785.70. Both the indexes added more than 1 percent. All the major sub-indexes advanced, with Nifty's IT sub-index leading the pack with a 3.6 percent rise. HCL Technologies and Infosys jumped more than 3 percent…

What We Know about the Rise in Monkeypox Cases Worldwide

More new human cases of monkeypox have been identified worldwide, with dozens reported in the U.K. alone. The increase comes after previous evidence had suggested there was unknown transmission of the monkeypox virus within the country’s population, according to the U.K. Health Security Agency (UKHSA). Monkeypox is thought to originate in rodents in Central and West Africa, and it has repeatedly jumped to humans. Cases outside Africa are rare and have so far been traced to infected travelers or imported animals. On May 7…