A Canadian judge has ruled that the “thumbs-up” emoji is just as valid as a signature, arguing that courts need to adapt to the “new reality” of how people communicate as he ordered a farmer to pay C$82,000 for an unfulfilled contract

In a recent case in Saskatchewan, Canada, a judge ruled that the "thumbs-up" emoji holds the same validity as a traditional signature, emphasizing the need for courts to adapt to the modern methods of communication. The ruling came as a farmer was ordered to pay C$82,000

The average 30-year fixed mortgage rate is 7.22%

Mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal Reserve Chairman Jerome Powell'

Lenders in Canada are now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates

Some homeowners are facing extremely long amortization periods due to high interest rates. While the standard time to pay off a mortgage is 25 years, existing homeowners with 'fixed-payment' variable-rate mortgages are seeing their amortization periods extend to as much as 90 years. This happens because these mortgages

President Biden is reportedly providing banned cluster munitions to Ukraine, despite the Cluster Munitions Treaty signed by over 100 countries

Per Excellent reporting of NYT President Biden and his team have been grappling with a challenging dilemma concerning the conflict in Ukraine for over six months. They have been deliberating whether to allow Ukrainian forces to deplete their desperately needed artillery ammunition in their fight against Russia or to provide

private sector

Private sector added close to half a million jobs in June, doubling expectations

Per CNBC After a brutal round of major layoffs, especially in the tech sector, there has reportedly been a large hiring spree that happened in June. This was as the private sector added 497,000 jobs, doubling initial expectations, according to ADP. The most hires were said to be in

belarus

Belarus President Lukashenko says Russian nuclear weapons won't be used

Per Nikkei The President of Belarus, Alexander Lukashenko, has assured the public that Russian nuclear weapons won't ever be used. These weapons were deployed in his country. So far, Lukashenko remains the Kremlin's ally regarding the war in Ukraine and it was noted that the two

us

US continues $1 billion annually to Russia's nuclear program despite tension

Per BI US companies are still reliant on affordable nuclear fuel from Russia, resulting in $1 billion spent annually on the Kremlin's nuclear agency. This was according to the NYT, which shared how the money was spent mostly on enriched uranium. Darya Dolzickova, Royal Tank United analyst, said

realtor.com

Realtor.com doesn't expect housing affordability to improve due to undersupply in the market for a decade

Per BI Realtor.com says that it doesn't expect housing affordability to improve. This was explained to be due to borrowing costs and home undersupply. These issues reportedly built up over the past decade, according to Danielle Hale from Realtor.com. The chief economist went on CNBC to

META

Canada claps back at Meta for its plan to remove news availability in response to Bill C-18 by deciding to remove gov't ads on Facebook and Instagram

Per Bloomberg The Canadian government has decided to clap back at Meta's response to Bill C-18. Now, the government is removing its official ads from Facebook and Instagram. This comes after Meta decided to end news availability on its platform for Canada after Bill C-18 would have required

amazon

Amazon ordered 100,000 vehicles from Rivian in 2019 and expects them to be part of its global fleet by 2030

Per Reuters In 2019, Amazon made a huge order to buy 100,000 vehicles from Rivian, and so far, the company has only been able to launch a few EVs. The electric vans which were ordered are now being deployed in Germany. More specifically, the electric vans will be deployed

chatgpt

ChatGPT declined in June, with a 9.7% drop in mobile traffic and a 5.7% drop in unique visitors

Per Reuters OpenAI's ChatGPT has made records for how fast it once got users, but in June, the artificial intelligence chatbot experienced its first decline in users. This was for both mobile and web traffic. Similarweb data revealed that mobile traffic for ChatGPT dropped 9.7%, while unique

BlackRock, $BLK, CEO Larry Fink has said that bitcoin is an "international asset."

Larry Fink, CEO of BlackRock, has said that I do believe the role of crypto is...it is digitizing gold in many ways."......."Let's be clear: bitcoin is an international asset" For reference, BlackRock has filed for a bitcoin ETF. BlackRock is making a move

US 2 year/10 year yield curve are currently at their deepest inversion in 42 years

On Monday, a significant part of the U.S. Treasury yield curve experienced its most pronounced inversion since the time of high inflation under Fed Chairman Paul Volcker. This inversion reflects concerns in the financial markets that the prolonged cycle of interest rate hikes by the Federal Reserve will push

cnbc

CNBC survey finds 41% of CFOs believe AI would destroy more jobs than it creates

Per CNBC The CNBC CFO Council's latest quarterly survey assessed what CFOs thought of AI and its effect on jobs. The study revealed that they believe that artificial intelligence would create fewer jobs than it would destroy. It was noted that only 18% of participants thought that AI

europe

Europe prices drop below zero with excess supply and a surge in solar energy

Per Bloomberg The price of power in Europe has dropped below zero amid a surge in solar power. This comes as solar power-produced energy overwhelms the grid. To cut fossil fuel demand, Europe has been building more cheap solar farms, which resulted in negative intraday prices in the power market

us

US, UK lawmakers press HSBC CEO over HK expats being denied access to their retirement funds

Per Reuters HSBC allegedly blocked access for Hong Kong expats to their own retirement funds. This resulted in lawmakers in the US and Britain putting pressure on the bank, which was already the subject of criticism for its alleged actions. The pressure comes from the chair of US Congress, Mike

twitter

Twitter sued over allegedly ducking around 900 ex-worker arbitration cases since Elon Musk's acquisition

Per Reuters One major thing that Elon Musk did almost immediately after acquiring Twitter was to lay off massive numbers of employees. Now, the company is being sued for "allegedly refusing to process" arbitration cases from ex-workers. It was reported that there were 891 of these cases filed

may

May saw record low US home sales than any other month

Per Redfin US home sales saw a record low in May compared to other months, falling 7.1% year-over-year to 1.4 million units. This number was on a seasonally adjusted basis, which was the lowest since 2012. The decline was also recorded as the first annual decline since April

uae

UAE plans to reach net zero emissions by 2050 with $54 billion investment into renewables over the next seven years

Per CTV News The United Arab Emirates is planning to reach net zero emissions by 2050. In order to do this, they are planning to invest $54 billion into renewables like low-emission hydrogen fuel and EV development infrastructure over the next seven years. The news came from Dubai's

harvard university

Harvard University sued by groups over preferential treatment for alumni children and wealthy donors violating Civil Rights Act

Per Bloomberg Law Harvard is being used by multiple groups over how it gave preferential treatment to alumni's children and big-money donors. The groups argue that this decreases application accessibility likely for "people of color.:" This has resulted in Justin Neil Gorsuch approaching the Supreme Court

Kyiv says the Russians have placed explosives today on top of reactors three and four of Zaporizhzhia nuclear plant, whereas Russia Telegram channels report an imminent “Ukrainian attack"

Volodymyr Zelenskyy has alerted Emmanuel Macron to the presence of "dangerous Russian provocations" at the Zaporizhzhia nuclear power plant. The Ukrainian president took to Twitter to inform his French counterpart that occupation troops are preparing such provocations at the mentioned facility. Zelenskyy emphasized the need for maximum control

Secret Service investigating suspected cocaine found in White House

A substance discovered in the White House complex caused a temporary shutdown of the facility on Sunday evening. According to two law enforcement officials and a recording of a radio dispatch, the substance tested positive for cocaine soon after its discovery. It was found in a common area of the

BREAKING: A judge has limited the Biden administration from contacting social media sites regarding misinformation

On Tuesday, a federal court in Louisiana issued a ruling that restricts parts of the Biden administration from engaging with social media platforms regarding a wide range of online content. This decision has the potential to hinder efforts to combat false and misleading narratives related to the coronavirus pandemic and

biden administration

Biden administration is preparing to restrict US cloud-computing services access to Chinese companies

Per Reuters The Biden administration is planning to restrict access to US cloud-computing services for Chinese companies. This likely includes access to providers like Amazon and Microsoft's cloud services. This was according to people familiar with the situation, who noted that should the rule be enforced, it would

META

Meta to launch Twitter competitor app 'Instagram Threads' on July 6 per App Store metadata

Per The Verge Meta has previously said that they plan to launch an app that would compete with Twitter and now, it seems like their plans are coming closer to reality. This comes as App Store metadata reveals the company's upcoming Instagram Threads. App Store metadata reveals that