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The housing market isn’t recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says

The housing market isn’t recovering yet, and home sales will notch a new low, Pantheon Macroeconomics said. That’s due to…

A collapse in used car prices could help drive inflation below the Fed’s 2% target rate

A decline in used car prices should help drive inflation lower, according to Fundstrat’s Tom Lee. The Manheim used car…
Crypto

68% of Bitcoin Supply hasn’t moved in a Year

More bitcoin is being HODLed than ever before, with a record amount of BTC sitting untouched. It’s perhaps no coincidence…
Science & Technology

In a first, JWST detected starlight from distant galaxies with quasars

CAMBRIDGE, MASS. — For the first time, astronomers have detected starlight from distant galaxies that host extremely bright supermassive black…
Crypto

Hong Kong Monetary Authority Pressures Banks Into Servicing Digital Asset Exchanges

The Financial Times reported on Thursday that the Hong Kong Monetary Authority (HKMA) is urging HSBC, Standard Chartered, and Bank…
Crypto

Alibaba Names Crypto-Friendly Joseph Tsai as New Chairman

Alibaba Names Crypto-Friendly Joseph Tsai as New Chairman Image Source: CNBC Alibaba has revealed its leadership transition plans, with the…

US core inflation is still unacceptably high for the Fed – and that means more pain for the economy, strategist Jim Bianco says

US core inflation is still at an “unacceptable” level for the Federal Reserve, according to Jim Bianco.  “We have not…
Politics

Trump classified documents trial date set for Aug. 14

A Florida federal judge on Tuesday scheduled the criminal trial of former President Donald Trump for his alleged illegal retention…
Sports

Excitement builds for NBA draft as projected top pick Victor Wembanyama lands in the US

CNN  —  Not since LeBron James was drafted 20 years ago has there been this much excitement about an NBA…

The housing market is facing an inventory shortage, and the work-from-home boom makes it worse

The US housing market is facing a lack of inventory, with Freddie Mac estimating a shortage of 3.8 million units.…