2% target
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
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.
$1.5 billion
Paris Olympics Opening Ceremony Rehearsal Postponed Due To Seine River Pollution
A monitoring report from the city of Paris has revealed that the Seine river remains too dirty to accommodate the Paris Olympics triathlon and open-water swimming events.
2022
Home Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
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.
1925 to ‘29
Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession
Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.
Arrested
Singer Sean Kingston Booked In South Fla. Jail
Sean Kingston was booked into a Florida jail on Sunday, as the rapper and singer faces a slew of felony charges.
$3.8 million
Elvis Presley’s Granddaughter Says Graceland Estate Is ‘Not For Sale’ In New Lawsuit
The granddaughter of Elvis Presley, actress Riley Keough, is opposing plans to put her legendary grandfather’s Graceland property up for public auction in Memphis, Tennessee.
000 customers
4 Dead As Massive Storms Ravage Houston Area, Almost 1M Without Power In Texas
Emergency crews in Southeast Texas were clearing debris and assessing flooding early Friday after powerful storms damaged the Longhorn State, killing at least four people and knocking out power to almost 800,000 customers.