Tag finance.yahoo.com

Meta (META) Threads is live, and it’s already drawing millions of users, posing the biggest threat to Elon Musk’s Twitter yet. Meta CEO Mark Zuckerberg fired up his Twitter competitor on Wednesday and a day later said 30 million users had signed up for the service. Threads pose a unique challenge to Twitter. The platform, like other Twitter clones, has a similar setup to Musk’s social network. On Threads you can post text, images, and short videos, as well as like, reply, comment, and share posts by other users. Zuckerberg seems acknowledged the similarities, posting the meme of Spider-Man pointing…

July 5 (Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of defaulting. The Financial Consumer Agency of Canada (FCAC) said federally regulated financial institutions, including banks, must work to help at-risk consumers by “providing tailored support” that could include measures such as waving penalties or other costs. The FCAC said two-thirds of mortgage holders are having trouble meeting their financial commitments. Canadians are facing the burden of high interest rates forcing them to either increase their monthly contribution or extend their…