Mortgage rates climb for fourth week in a row, taking ‘the wind out of the sails’ of the housing market
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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 -
Taiwan’s new leader faces China threat and voters left behind by chip boom
Lai Ching-te brings record of political battle to precarious position between US and increasingly assertive BeijingFinancial Times - World - China -
Saudi Arabia seeks to revive boxing with mighty fight — and a wall of money
Tyson Fury and Oleksandr Usyk will face off in Riyadh to become the sport’s undisputed heavyweight championFinancial Times - World -
From the Caribbean to the Pacific: walking the Camino de Costa Rica
A new 270km coast-to-coast trail reveals wildlife and landscapes overlooked by most visitorsFinancial Times - World -
Heavy flooding in southern Brazil kills 150 and displaces 600,000
More than 2mn people are affected with $2bn economic losses in agriculture rich state after three weeks of rainsFinancial Times - World - Brazil -
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 -
Will a mortgage scupper your retirement?
City watchdog predicts more over-65s will have outstanding home loans in the futureFinancial Times - World - Mortgage -
Weekly quiz: Why are puffins causing an international row?
Test how closely you have been paying attention to what has been going on over the past seven days.BBC News - Top stories -
Row erupts over portraits of Australia's richest woman
Gina Rinehart's campaign to have two portraits removed has sparked debate about art and censorship.BBC News - Top stories -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
The best and the worst sectors in the stock market in this recording-setting week
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Cannes 2024 week one roundup – the jury’s out, the sun isn’t…
The weather didn’t play ball, but Magnus von Horn’s fierce fairytale and Andrea Arnold’s kitchen-sink take on English mysticism should count among the first-week highlights for Greta Gerwig’s jury. The Cannes film festival opens just as the ...The Guardian - World -
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Reddit shares climb on ChatGPT deal with OpenAI
Shares of Reddit Inc. rose about 12% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.MarketWatch - Business -
Taking presidential debates out of commission's hands virtually guarantees fewer viewers
The two planned presidential debates between Joe Biden and Donald Trump that were swiftly organized this week are good news for CNN and ABC NewsABC News - Entertainment -
Emma Hayes takes emotion out of Chelsea farewell with title up for grabs
Manager determined to depart on a high while Manchester City aim to spoil leaving party on what could be a dramatic final day. Emma Hayes is not having to work hard to keep emotions in check as she prepares for her final game as Chelsea manager – ...The Guardian - World -
Evening Report — Chaotic late-night House hearing continues to play out
A quick recap of the day and what to look forward to tomorrow {beacon} Evening Report © Getty Images/AP Late-night House fracas continues to roil Congress Speaker Mike Johnson (R-La.) sought to calm the waters after an intensely personal war of ...The Hill - Politics -
Tesla must climb ‘Mount Everest’ to win shareholder vote, chair warns
FT Exclusive: Robyn Denholm outlines stakes for carmaker and says the idea she is too close to Elon Musk is ‘crap’Financial Times - Business - Tesla -
Roche Climbs After Weight-Loss Drug Shows Efficacy
Roche Holding said its weight-loss drug candidate achieved positive results in an early-stage trial, giving the company a boost in its bid to catch up to Novo Nordisk and Eli Lilly in a class of medicines that has shaken up everything from pharma ...The Wall Street Journal - Business -
After Arrest, Scottie Scheffler Finishes Round 2 at P.G.A. Championship
The world’s No. 1 golfer faces four charges after attempting to drive around a traffic stoppage outside Valhalla Golf Club in Louisville, Ky.The New York Times - Sports -
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.MarketWatch - Business -
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 -
Most of the U.S. doctors and nurses stranded in a Gaza hospital all week made it out of the enclave, but some stayed behind to treat wounded Palestinians.
Most of the U.S. doctors and nurses stranded in a Gaza hospital all week made it out of the enclave, but some stayed behind to treat wounded Palestinians.The Wall Street Journal - World -
Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.CNBC - Business -
Company insolvencies jump; Royal Mail takeover would face security review; energy cap to fall in July – business live
Tesla’s chair discusses upcoming shareholder votes on relocating to Texas and Elon Musk’s $56bn pay deal. Rishi Sunak and Akshata Murty rise up rich list as fortune increases by £120mBritish asylum housing tycoon breaks into Sunday Times rich ...The Guardian - World -
AP Week in Pictures: Asia
May 10-16, 2024 Russian President Vladimir Putin met with Chinese President Xi Jinping in Beijing during his two-day state visit to one of his strongest allies and trading partners. Flash flooding and torrents of cold lava and mud flowing down a ...ABC News - World