30-year fixed mortgage
US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
appliance outlets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
alcohol
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell, confirming that inventory investment was a drag on economic growth in the first quarter.
2024
Exclusive: US eyes curbs on China’s access to AI software behind apps like ChatGPT
The Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models.
2016 election
Trump Prosecutor Matthew Colangelo Served As Political Consultant For DNC, Donated To Obama
A Manhattan prosecutor who is managing the so-called “hush money” case against former United States President Donald Trump was previously a political strategist in 2018 for the Democratic National Committee (DNC), and he once contributed to former Democrat President Barack Obama as well.
Alphabet
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Building permits
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Brean Capital
US economy grows 5.2% in third quarter; higher interest rates sapping momentum
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.
30-year fixed-rate mortgage
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Akin Gump
US-China tech war: RISC-V chip technology emerges as new battleground
Joe Biden’s administration is facing pressure from some lawmakers to restrict American companies from working on a freely available chip technology widely used in China.