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China has been cutting mortgage rates since last year to boost sales in its moribund property market, but the main result so far has simply been a rush by households to pay off existing mortgages early, potentially squeezing banks’ profits. Analysts estimate that nearly $700 billion of mortgages – close …

Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities. The subscription bundle for Instagram and Facebook, …

Disney’s “Ant-Man and the Wasp: Quantumania” has created an unexpected buzz, taking in an estimated $118 million over a long holiday weekend to dominate the North American box office. That estimate, from industry watcher Exhibitor Relations, exceeded predictions and gave the latest Marvel superhero film one of the strongest totals …