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Transforming home ownership with Amazon Transcribe Call Analytics, Amazon Comprehend, and Amazon Bedrock: Rocket Mortgage’s journey with AWS | Amazon Web Services

This post is co-written with Josh Zook and Alex Hamilton from Rocket Mortgage. Rocket Mortgage, America’s largest retail mortgage lender, revolutionizes homeownership with Rocket Logic – Synopsis, an AI tool built on AWS. This innovation has transformed client interactions and operational efficiency through the use of Amazon Transcribe Call Analytics,Continue Reading

Food at home prices rose just 1.1% but are still high on a multi-year comparison

In: Finance

Kwangmoozaa The Consumer Price Index report for June indicated a 3.3% year-over-year increase in the core rate, compared with the +3.5% pace expected by economists and the +3.4% level seen in May. The closely watched food category was up 2.2% year-over-year in June, with food away from home up 4.1%Continue Reading

FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024 By Chainwire

In: Finance

Singapore, Singapore, July 4th, 2024, Chainwire The industry-leading brand of DOGE and mining machines announced a new product line at the recent Mining Disrupt 2024 conference. FoundationLogic, the fabless semiconductor design company behind high-performance ElphaPex (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida,Continue Reading

Amazon abandons Astro for Business security robot to focus on home robot

In: Finance

hapabapa Amazon (NASDAQ:AMZN) is discontinuing its security robot Astro for Business for small- and medium-sized businesses, to focus on household robots, Reuters reported. The company introduced the Wall-E-like robot for household use in 2021. Astro for Business, which was priced at $2,349.99, was unveiled in November 2023 for a rangeContinue Reading

LGI Homes reports 52.8% Q/Q growth in home closings for Q2; June home closings of 571

In: Finance

Andrii Yalanskyi/iStock via Getty Images Homebuilder LGI Homes (NASDAQ:LGIH) on Wednesday said it had closed 571 homes in June, compared to 579 homes closed in May. For Q2, LGIH said it closed 1,655 homes, up 52.82% from the 1,083 homes closed in Q1 2024. The company said as of June 30, it had 128 active selling communities, down by two from May.Continue Reading

Citi downgrades home builders LEN and DHI on softening housing activity (NYSE:LEN)

In: Finance

ArtistGNDphotography/E+ via Getty Images Citi downgraded home builders Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) to Neutral from Buy on softening housing activity this summer. The analysts trimmed both LEN’s and DHI’s estimated EPS for FY24. For both LEN and DHI, Citi said it sees limited near-term catalysts for the stockContinue Reading

May construction spending data weighs on home improvement category (HD)

In: Finance

Home improvement and building stocks were under pressure Monday after construction spending was unexpectedly soft in May, down 0.1% from a revised 0.3% increase the month prior. The data weighed on stocks in the category with Home Depot (NYSE:HD) and Lowe’s (LOW) down 2% and 3%, respectively at the closeContinue Reading

U.S. pending home sales drop less than expected in May

In: Finance

Tara Schulz The U.S. Pending Home Sales Index dropped by 2.10% in May from -7.70% in April 2024. Midwest and South posting monthly losses in transactions, while the Northeast and West recorded gains. On a year-over-year basis, contract signings dropped 6.6%, all U.S. regions registered reductions year-over-year. “The market isContinue Reading

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Transforming home ownership with Amazon Transcribe Call Analytics, Amazon Comprehend, and Amazon Bedrock: Rocket Mortgage’s journey with AWS | Amazon Web Services

Food at home prices rose just 1.1% but are still high on a multi-year comparison

FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024 By Chainwire

Amazon abandons Astro for Business security robot to focus on home robot

LGI Homes reports 52.8% Q/Q growth in home closings for Q2; June home closings of 571

Citi downgrades home builders LEN and DHI on softening housing activity (NYSE:LEN)

May construction spending data weighs on home improvement category (HD)

U.S. pending home sales drop less than expected in May

Generative AI for agriculture: How Agmatix is improving agriculture with Amazon Bedrock | Amazon Web Services

Generate financial industry-specific insights using generative AI and in-context fine-tuning | Amazon Web Services