Homeowners are using this hack to cut their mortgage payments in half — and chip away at the housing shortage

California homeowners are embracing tiny homes in their backyards. The movement has offered a blueprint for cities across the U.S. that are grappling with a housing shortage.

Business - MarketWatch - 36 minutes ago

US banks consider cutting interest payments on company deposits

Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark rates

Business - Financial Times - October 20

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - November 7

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

Housing benefit payments to be frozen next year

Labour has confirmed rates will stay the same next year, after several freezes over the past decade.

How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor

Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.

Business - MarketWatch - 6 days ago

China struggles to break US chip design ‘chokehold’

Beijing pushes for bigger share of crucial electronic design automation market

World - Financial Times - October 24

What will happen to mortgage rates after this week's Fed rate cut?

The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.

Will UK interest rate cut make mortgages and loans cheaper?

Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.

Why mortgage rates could be heading to 8%, despite a Fed cut

The 30-year rate inched up for the sixth week in a row ahead of an expected interest-rate cut by the Federal Reserve.

Business - MarketWatch - November 8

What the Fed rate cut means for mortgage interest rates

Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.

Florida senators press HHS to use domestic IV manufacturers to ease shortages

Florida Sens. Marco Rubio (R) and Rick Scott (R) are questioning why the Biden administration hasn’t done more to leverage domestic IV fluid manufacturing in the wake of shortages caused by ...

Politics - The Hill - October 31

U.S. Chip Toolmakers Move to Cut China From Supply Chains

Applied Materials and Lam Research are telling vendors to follow new restrictions, spurred by U.S. government pressure.

Tech - The Wall Street Journal - November 4

Mortgage rates surge higher on Trump victory, causing housing stocks to fall

Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe's were also lower.

Business - CNBC - November 6

House Speaker Johnson Walks Back Talk of Repealing CHIPS Act

In an up for grabs New York congressional district getting a Micron plant through federal grants, a comment that the GOP ‘probably will’ try to repeal the program quickly gets massaged to a desire ...

Business - Inc. - November 4

House Committee Targets Chip Technology Firms for China Ties

It requested information from a handful of firms that make chip manufacturing possible about their commercial ties to China.

Business - The New York Times - November 8

US points finger at China amid reports of Trump, Vance phone hacks

The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) are investigating alleged hacks by Chinese-affiliated actors amid multiple media reports that former President Trump's and ...

Politics - The Hill - October 25

Man Arrested for Snowflake Hacking Spree Faces US Extradition

Alexander “Connor” Moucka was arrested this week by Canadian authorities for allegedly carrying out a series of hacks that targeted Snowflake’s cloud customers. His next stop may be a US jail.

Tech - Wired - November 5

Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions

Japan is planning an automated cargo transport corridor between Tokyo and Osaka to make up for a shortage of truck drivers

Tech - ABC News - November 2

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half

The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.

Business - The New York Times - November 7

Average rate on a 30-year mortgage in the US rises for fifth straight week

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb

TSMC says it alerted US to potential violation of China AI chip controls

Chipmaker reported having received order for processor resembling that of Chinese company Huawei

Business - Financial Times - October 22

Should you lock in a mortgage rate after the November rate cut? Experts weigh in

Aside from the November rate cut, several factors play a role in timing your mortgage rate lock.

Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts

With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.

Business - CNBC - November 7

Homebuyers await mortgage relief after Federal Reserve's back-to-back rate cuts

The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down ...

Mortgage rates inch closer to 7% after Fed rate cut and Trump’s win

Mortgage applications rose 0.5% in the past week, the Mortgage Bankers Association said.

Business - MarketWatch - 2 days ago

US investigating Chinese attempts to hack cellphones used by Trump and Vance, sources tell AP

Tech - ABC News - October 25

U.S. housing market is on the ‘verge of a vicious cycle,’ which is ‘not good for America,’ Lennar Mortgage head warns

Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America’s future.

Business - MarketWatch - October 29

House Speaker Johnson says GOP may try to repeal CHIPS Act, then walks it back

House Speaker Mike Johnson is trying to clarify remarks he made at a New York campaign rally where he suggested that Republicans may try to repeal legislation that has spurred U.S. production of ...

Tech - ABC News - November 1

Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law

Donald Trump regularly attacks Vice President Kamala Harris and President Biden for the CHIPS Act.

Business - CNBC - November 2

House panel questions chip manufacturing equipment makers over any ties to China

The top lawmakers on the House China select committee pressed various semiconductor equipment makers on their business sales with China amid growing concerns about the nation’s competitive ...

Politics - The Hill - 6 days ago

Cybercriminals Pose a Greater Threat of Disruptive US Election Hacks Than Russia or China

A report distributed by the US Department of Homeland Security warned that financially motivated cybercriminals are more likely to attack US election infrastructure than state-backed hackers.

Tech - Wired - October 28

We rescued our retirement with this money-saving hack used by digital nomads and the FIRE movement

While your income remains the same, greatly reduced expenses allow you to shrink your budget and maximize your savings.

Business - MarketWatch - October 29

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

Mexico and US reach agreement to address Mexico's habit of falling behind in water-sharing payments

Mexico and the United States have reached an agreement they hope will address Mexico’s habit of falling behind in water-sharing payments in the Rio Bravo watershed, also known as the Rio Grande

World - ABC News - 5 days ago

Exclusive-Samsung delays taking deliveries of ASML's chip gear for its new US factory, sources say

Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar ...

Sports - Yahoo Sports - October 18

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