Bank of Canada's record tightening campaign exposes lenders' mortgage risks
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U.S. PPI ahead, China trade data disappoints - what's moving markets
Buying a home in today's market seems, to many Americans, a nearly impossible pursuit amid record-high home prices and rising mortgage rates, but according to Realtor.com, buyers in the early 1980s faced an even more challenging market. In 1981, buyers spent a staggering 51.3% of their household income on mortgage payments alone, compared with the
Topline A California judge ruled in favor of Microsoft’s $69 billion acquisition of video game giant Activision Blizzard on Tuesday, striking down an attempt by the Federal Trade Commission to block the massive merger and giving Microsoft the greenlight to close a deal designed to help it compete with Nintendo and Sony. Key Facts Federal
Topline The Powerball jackpot swelled to an estimated $725 million on Tuesday, the seventh largest in its history, according to the lottery, though the winner would take home significantly less after paying required taxes. Key Facts The winner—facing odds of one in 292.2 million—has the option to receive the $725 million in 30 annual installments
Ford SUVs Under Investigation For Front Doors That Allegedly Open While Driving forbes.com/sites/tylerroush/2023/07/11/ford-suvs-under-investigation-for-front-doors-that-allegedly-open-while-driving Ford is under investigation by U.S. auto safety regulators over complaints that the front doors of some Ford Escape vehicles will inadvertently open while driving, according to a filing Tuesday— the latest probe into the model following an investigation that resulted in
Iowa Republicans Set Stage For New 6-Week Abortion Ban forbes.com/sites/roberthart/2023/07/12/iowa-republicans-set-stage-for-new-6-week-abortion-ban Iowa’s Republican-led legislature passed a bill banning most abortions after six weeks of pregnancy following a lengthy special session ending late Tuesday night, a divisive move that is likely to face legal challenges once signed into law and will add the state to a growing
US economy shifts into disinflation mode; consumer prices rise modestly ReutersInflation: Consumer prices in June rose at slowest annual rate since March 2021 Yahoo FinanceUS Inflation Decelerates, Core CPI Up Less Than Forecast Bloomberg TelevisionOpinion | The Fed's 2 percent inflation target is worth keeping The Washington PostInflation just fell when rate hikes were paused...
Updated Jul 10, 2023, 07:28am EDT Topline More than 100 million users have joined Meta’s new Threads platform, a feat the Twitter rival has achieved in less than five days, making the Twitter competitor the fastest-growing online platform in history. Key Facts Threads crossed the 100 million mark early Monday—after being launched across 100 countries
Updated Jul 11, 2023, 07:17am EDT Topline Disgraced Theranos founder Elizabeth Holmes appears to have quietly shaved two years off her prison sentence for defrauding investors, prison records show, following a similar sentence reduction for co-conspirator Ramesh “Sunny” Balwani and just weeks after she claimed she cannot afford to make restitution payments for victims of