Economic Report Mortgage Demand Rises in Latest Week Despite Loans Becoming More Expensive
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Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
Economic damage from climate change six times worse than thought – report
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found. The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth ...The Guardian - World - Climate -
Will a mortgage scupper your retirement?
City watchdog predicts more over-65s will have outstanding home loans in the futureFinancial Times - World - Mortgage -
Minister broke rules on expenses, watchdog finds
The MP for Blackpool North has agreed to pay back £1,367 for use of a state-of-the-art printer.BBC News - Top stories -
Business locked in expensive AI 'arms race'
Business leaders feel pressure to invest in AI but the costs are formidable.BBC News - Top stories -
The Latest | Palestinians mark 76 years of their dispossession as more catastrophe unfolds in Gaza
Palestinians are marking 76 years of dispossession, commemorating their mass expulsion from what is today Israel as a potentially even larger catastrophe unfolds in GazaABC News - World -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Fantasy Football 2024 NFL schedule strategy: How to deal with bye weeks, who starts hot or slow, more
What to know about how the NFL's schedule impacts your Fantasy strategyCBS Sports - Sports - Fantasy Football -
The Latest | Israel says it will send more troops to Rafah, as fighting also rages in Gaza's north
Israel’s defense minister says the military will send more troops into Rafah, a city along Gaza’s southern border with Egypt, as fighting also rages in northern Gaza, where Hamas has regroupedABC News - World - Israel -
What's the latest on MLB's injured aces? Checking in on Gerrit Cole, Kodai Senga, Justin Steele and more
Heading into 2024, these 10 pitchers were being counted on to lead their teams. Here's how their squads have managed without them and what we can expect going forward.Yahoo Sports - Sports -
Abnormally hot summer even more likely in latest NOAA forecast: Here's where
New predictions for the summer season, released by NOAA's Climate Prediction Center this week, show weather is likely to heat up in almost every corner of the United States.The Hill - Politics -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Kanté in France's Euro squad despite Saudi move
France coach Didier Deschamps included midfielder N'Golo Kanté in his preliminary list of players for the European Championship on Thursday and gave a first call-up to Paris Saint-Germain forward Bradley Barcola.ESPN - Sports -
Israel troops posting abuse footage despite pledge to act
Images shared online include Palestinian detainees draped in the Israeli flag and held in stress positions.BBC News - Top stories - Israel -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
An Economic Peace Plan for Gaza Is Bound to Fail
Unless it follows an unconditional surrender.The Wall Street Journal - World -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
The rise and fall of Canada's 'Crypto King' Aiden Pleterski
Yahoo News - World -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
Natural Gas Rises Amid Expectations Of Tighter Supply
Natural gas futures extended gains triggered by Thursday’s lower-than-expected U.S. inventory build.The Wall Street Journal - World -
Confirmed cases from parasite outbreak rises to 46
Forty-six cases of a diarrhoea-type illness confirmed in Devon as company says it's located the source of entry for parasites.BBC News - Top stories -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
How Russia has advanced in Kharkiv despite warnings attack was coming
Shortage of munitions, fighters and air defences leaves Ukraine unprepared to repel attack. Russia’s attack across the border north and north-west of Kharkiv was telegraphed by Moscow, predicted by western intelligence and anticipated by Ukraine. ...The Guardian - World - Russia -
The right US-China policy prioritizes collaboration despite competition
Conflict and hostility currently dominate the China discourse.The Hill - Politics -
Dollar Strengthens Amid Hawkish Fed, Dovish BoJ
The WSJ Dollar Index rises slightly as Fed officials pushed back against the idea that recent soft U.S. economic indicators make interest rate cuts this summer more likely.The Wall Street Journal - World -
Chinese shoppers are buying less than they used to — but they're spending on experiences
Yahoo News - World -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China