Business

Dell shareholders approve legal move from Delaware to Texas

Dell Technologies on Thursday announced that shareholders granted their approval to the company’s plan to switch its state of incorporation from Delaware to Texas. Michael Dell, founder and CEO of Dell Technologies, announced the results of the shareholder vote, which was overwhelmingly in favor of the move, in a social…

Apple raises iPad and MacBook prices as memory chip costs surge

Apple on Thursday announced that it raised prices on its iPad and MacBook devices because of rising memory and chip costs amid the rapid buildout of the AI industry. The tech giant excluded its primary cash cow, the iPhone, from the price hikes but will raise prices on the other…

California voters to consider ballot measure to increase taxes on billionaires

California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal Medicaid funding cuts, despite opposition from Gov. Gavin Newsom and other state leaders. The proposal would apply to California residents…

Mortgage rates tick slightly higher amid Iran, inflation uncertainty

Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of 6.47% and 6.52% the week…