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Mortgage Rates Edge Down but Remain Above 6% Threshold
Mortgage rates fell to a seven-week low of 6.43% per Freddie Mac, but daily rates remain in the mid-6% range, keeping pressure on homebuyers and refinancing.
Walmart Slashes Beef Prices as Political Pressure Mounts on Grocers
Walmart reduces prices on beef and summer essentials as Washington urges grocers to lower costs. The strategy pressures rivals Kroger and Amazon.
Freedom Fuel's $3.47 Gas Promotion Hits 25 Stations, Sustainability in Question
Freedom Fuel's $3.47 gas promotion at 25 stations offers savings but raises sustainability concerns amid analyst skepticism.
Air Premia Partners with Southwest to Expand US Reach
Air Premia partners with Southwest Airlines, allowing Korean travelers to book one ticket to over 120 US cities via LA, San Francisco, and Honolulu.
PepsiCo Sales Beat Marred by Weak US Demand
PepsiCo beat Q2 revenue estimates but saw soft North American demand, with flat snack volumes and a 4% beverage decline, despite price cuts.
KeyBanc Downgrades Salesforce on AI Growth Concerns
KeyBanc downgraded Salesforce to sector weight from overweight, noting slower Agentforce adoption. Shares fell 3.8% premarket as AI growth concerns persist.
SK Hynix's Nasdaq Debut Raises $28 Billion Amid AI Chip Frenzy
SK Hynix's $28 billion Nasdaq ADR launch is oversubscribed 7x, driven by AI memory demand. The listing aims to narrow valuation gap with Micron.
Microsoft Shares Slip Ahead of Q4 Earnings as AI Spending Focus Intensifies
Microsoft shares declined in premarket trading Thursday, extending Wednesday's 1.41% drop, as the market focuses on the company's upcoming fiscal Q4 earnings and its heavy AI spending.