New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says
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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 -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
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 -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Fixed income should have more love in a ‘higher and hold’ world
The prospects for returns are much brighter, with bond yields at the highest levels since the global financial crisisFinancial Times - World -
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 -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
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Vaughan Gething says Plaid Cymru ‘walked away from opportunity to deliver for Wales’ as it ends cooperation agreement - UK politics live
Plaid Cymru has ended its cooperation agreement with Welsh Labour government in the Senedd over concerns regarding donations to leader Vaughan Gething. The Daily Express and Daily Mail have both asked questions about the taxing of pensions. Jeremy ...The Guardian - World - United Kingdom -
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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 -
Will a mortgage scupper your retirement?
City watchdog predicts more over-65s will have outstanding home loans in the futureFinancial Times - World - Mortgage -
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I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author
I took a tour of Omaha, Nebraska, with "Buffettology" author David Clark to learn more about Warren Buffett's lifestyle and hometown.CNBC - Business -
Thomas Tuchel won't return to Bayern Munich despite new contract talks: 'We couldn't reach an agreement'
Tuchel and Bayern first agreed he'd leave in February before rekindling talksCBS Sports - Sports -
Sharon Stone and Liam Neeson want Kevin Spacey to return to acting despite new allegations
Sharon Stone, Liam Neeson and more actors are coming to the defense of Kevin Spacey and calling for his return to the industry at large.NBC News - Top stories -
Stewart helps New York top Indiana again 91-80 despite strong game from Caitlin Clark
Breanna Stewart scored 24 points to lead a balanced New York offense as the Liberty beat Caitlin Clark and the Indiana Fever 91-80 in front of a sellout crowdABC News - Sports - New York -
Investing in Space: Boeing inches closer to Starliner launch
Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.CNBC - Business -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
'I will be paying my mortgage until I’m 68'
With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.BBC News - Top stories -
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Israel says it's recovered the bodies of 3 festivalgoers killed by Hamas on Oct. 7
Israeli officials on Friday announced their forces in Gaza had recovered the bodies of three revelers killed by Hamas attackers near the Supernova, or Nova, music festival on Oct. 7.NBC News - Top stories - Israel -
Rapper Kendrick Lamar to Pay More Than $40 Million for Los Angeles Home
The deal for the roughly 16,000-square-foot Brentwood home is one of the city’s priciest so far this year.The Wall Street Journal - World -
Comex Gold Ends 1.4% Higher at $2412.20
Front Month Comex Gold for May delivery gained 1.4% to $2412.20 — a fresh record highThe Wall Street Journal - World -
Higher education is failing — and our democracy is suffering
Educators must grapple anew with the question of how to teach democracy, so that students master both the theory and the hands-on practice of it.The Hill - Politics -
Alito says he had 'no involvement' in upside-down flag flying at home
Supreme Court Justice Samuel Alito said that he had “no involvement” in the upside-down American flag flying at his home in Alexandria, Va., following the 2020 election, a symbol associated the "Stop the Steal" efforts premised on false claims of ...The Hill - Politics -
GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.
GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.The Wall Street Journal - World -
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.The Wall Street Journal - World -
How to watch New York Knicks vs. Indiana Pacers Game 7
Here's how and when to watch Game 7 of the New York Knicks vs. Indiana Pacers NBA Playoffs series today.CBS News - Top stories - New York -
Players, not nostalgia, will define Game 7 between Indiana and New York
The Knicks-Pacers series has evoked memories from the 1990s, but these players, most of whom weren't even alive for those battles, are ready to make their own history.ESPN - Sports - New York -
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You can now build your very own Frank Lloyd Wright house. Here's what one looks like.The Wall Street Journal - World -
Israeli military says more troops to join Rafah operation
The Israeli military said Thursday that five soldiers were killed and seven injured in a friendly fire incident in northern Gaza, amid renewed battles in the area against regrouped Hamas militants.NBC News - Top stories - Israel -
Harris says more Indian American representation is needed in government
Addressing a crowd of Indian Americans this week, Vice President Kamala Harris asserted the importance of voting and running. But Biden and Harris approval among the group has fallen.NBC News - Top stories -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - 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 -
More and more stocks are joining the market's rally to new highs. Here's why and when to buy
Wall Street's 19-session journey back to all-time highs has been swift but healthy.CNBC - Business -
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.MarketWatch - Business