25 Jun, 2024
3 mins read

PwC Partners to Receive £906,000 Compensation This Year

More than 1,000 partners at PwC’s UK division will be paid £906,000 this year, a slight decrease from last year’s record payout as profits fell despite rising revenues. According to the company’s unaudited accounts, PwC’s UK profit fell from £1.5 billion to £1.3 billion in 2022, despite a £139 million gain from selling its global […]

3 mins read

US Long-Term Mortgage Rate Soars to 7.09%, Reaches Over 20-Year High

The average long-term mortgage rate in the United States rose this week to its highest level in more than 20 years, adding to the difficulties faced by would-be homebuyers in an already competitive housing market. According to Freddie Mac, the average rate on the benchmark 30-year home loan rose to 7.09% on Thursday, up from […]

3 mins read

US Steel Declines $7.3 Billion Takeover Offer from Rival Cleveland-Cliffs

On Sunday, U.S. Steel turned down a $7.3 billion takeover proposal from its competitor, Cleveland-Cliffs, North America’s primary producer of flat-rolled steel. This decision came shortly after U.S. Steel announced that it had enlisted financial advisors to assess the various acquisition offers aimed at the company. Cleveland-Cliffs stated that it offered to acquire U.S. Steel […]

3 mins read

Apple’s Ongoing AI Investments Lead to Third Quarter Revenue Slide

Apple CEO Tim Cook announced a major push into artificial intelligence (AI) as the company faced its third quarter of declining revenues, marking the longest sales slump since 2016. Despite the 1.4% drop in sales for the fiscal third quarter ending 1 July, Apple still managed to exceed analyst expectations with a profit of $19.9bn. […]