Author: admin

Guild Holdings Co., the parent company of Guild Mortgage, sustained a $66.9 million loss in the third quarter of 2024 after delivering a profit of $37 million in the prior quarter. Meanwhile, its origination volume increased to $6.9 billion, up 6% from the second quarter and 49% higher than the same period in 2023. This led its originations segment to “profitable” results, according to CEO Terry Schmidt. Net revenue dropped from $285.7 million in Q2 2024 to $159.3 million in Q3. The net loss attributable to Guild was $66.9 million, while adjusted net income was $31.7 million, according to an…

Duolingo’s Wednesday earnings call started with an AI chatbot demonstration.The chatbot, Lily, summarized the company’s performance this quarter.Despite revenue growth, Duolingo missed paid user targets, and its stock fell 5% in late trading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Duolingo kicked off its latest investor call on Wednesday with a new voice:…

The Scot in charge of an Australian lighthouseA Scottish man has landed his “dream job” as a lighthouse keeper on a remote Australian island.Sandy Duthie, 42, jumped at the chance when the previous lighthouse keeper decided to retire after 25 years on Gabo Island, off the coast of Victoria.Sandy, from Aberdeenshire, visited Australia five years ago with his partner, and never left. When he went to the small lighthouse island he realised he would love to one day become part of its history.Landing the lighthouse keeper and island caretaker job means he is now spending six months of the year…

What does Britney Spears think about Kristin Cavallari accusing her of being a clone … is a sentence we never thought we’d be writing, but here we are. Sometimes, Kristin Cavallari can be downright sympathetic. Other times, she’s so infuriating that you keep hoping that she’ll admit that she’s joking. In this case, it’s the latter. She criticized Britney Spears, accusing her of being a clone, in a wildly chaotic rant that defies definition. And now Kristin is accusing Britney of not being gracious about the clone accusations. How about that, huh? On her November 5 podcast, Kristin Cavallari spun…

Olaf Scholz, Germany’s chancellor, during a news conference at the Chancellery in Berlin, Germany, on Monday, Nov. 4, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump’s election as U.S. President could mark yet another major blow for the struggling German economy.Germany narrowly, and unexpectedly, skirted a technical recession in the third quarter, with preliminary data showing its gross domestic product grew by 0.2% after a 0.3% contraction in the previous quarter. The print came after the German economy ministry in October said it was now expecting the country’s economy will contract, rather than grow this year.Not only is the country’s…

EDITOR’S ANALYSISThe rise in prices under the Biden administration proved fatal to Kamala Harris’s election hopes.Of the many possible explanations for former US President Donald Trump’s stunning return to the White House, one towers above all others: the cost of living. In exit polls, 45 percent of voters said they were worse off than four years ago, when President Joe Biden took office, versus just 24 percent who said their financial situation had improved. Voters who named inflation as their number one concern broke for Trump over Vice President Kamala Harris by a factor of nearly two to one, according…

Kristen Cavallari Jason Davis/Getty Images Kristin Cavallari is looking for the real deal after she and TikTok star Mark Estes called it quits. “I’m telling you right now: My next boyfriend is gonna be my next husband,” the Hills alum said on a November 2024 episode of her “Let’s Be Honest” podcast. “I’m already putting that out there. I can’t keep dating. I am dating, but, like, I can’t keep doing it.” Us Weekly confirmed in September 2024 that Cavallari and Estes, who had a 13-year age gap, went their separate ways after seven months together. “It’s hard because I…

Shares in the mortgage giants soared Wednesday on expectations that the Trump administration and Congressional Republicans will revive efforts to privatize the companies. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Shares in mortgage giants Fannie Mae and Freddie Mac soared Wednesday on expectations that Donald Trump’s return to the White House  — and potential…

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US.The Chinese coffee brand, known for its heavy discounts, reported a strong third quarter.Analysts say Luckin is a force to be reckoned with. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Luckin Coffee is putting up a…

ReutersHavana resident Araselys Rodriguez makes coffee during the blackoutCuba suffered a nationwide blackout on Wednesday as Hurricane Rafael brought winds of up to 185km/h (115mph) to the Caribbean island. The country’s national energy company said strong winds had caused the shutdown of the electricity system.At least 70,000 people were evacuated from their homes before the category three storm made landfall on Wednesday evening with warnings of storm surges, flash flooding, and mudslides.It comes just weeks after millions were left without power for four days following a blackout caused by issues with the country’s creaking energy infrastructure. The incident also coincided…