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Rising Interest Rates

Rising Interest Rates

The Federal Reserve may raise interest rates from their historic lows of 0.25% toward their historical average of 5%.

  • iPhone 12 teardown reveals how 5G has changed things
    Engadget

    iPhone 12 teardown reveals how 5G has changed things

    An iFixit teardown of the iPhone 12 and iPhone 12 Pro reveals how their logic boards have grown to accommodate 5G chips, and the batteries have gotten smaller.

  • Exclusive: Biden wins major union endorsement in final days of White House race
    Reuters

    Exclusive: Biden wins major union endorsement in final days of White House race

    A major alliance of construction unions on Friday will endorse Joe Biden, giving the Democrat a boost from a crucial bloc of blue-collar voters in the final days of his campaign against President Donald Trump. The coalition has not yet publicly announced the endorsement. Trump had also courted the union's support, according to a person familiar with the matter, but the group was disappointed by the lack of further coronavirus relief that would also advance union policy goals.

  • Rio Tinto asks court to OK sale of partner's diamonds in Canada mine
    Reuters

    Rio Tinto asks court to OK sale of partner's diamonds in Canada mine

    Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. Closely held Dominion sought creditor protection in April, saying it could not afford Rio's cash calls amid coronavirus-related disruptions in the global diamond industry. "We remain focused on ensuring Diavik diamond mine continues to operate safely, maintaining the mine's significant contribution to the Northwest Territories and local communities through payments to government, employees and suppliers," a spokesman for Diavik said on Friday.