Weekly mortgage demand surged 11% higher last week, as rates sat near 4-year low
Lower mortgage rates last week caused a run on refinancing and renewed interest from homebuyers, but rates have already moved higher again.
Democrats tread cautiously around another Trump impeachment after ‘illegal’ Iran strikes
Since the attack on Iran, congressional Democrats have called the operation unconstitutional. But another impeachment hasn’t seriously entered the conversation.
‘No to war’: Spain PM hits back at Trump threat to cut trade over air base dispute
His comments come after the U.S. president pledged to cut off all trade with Madrid over its position on the Iran conflict.
Epstein files: Goldman Sachs’ Ruemmler, Bill Gates, Leon Black will testify to House panel
Kathryn Ruemmler said last month she would leave Goldman Sachs at the end of June after fallout over her emails with Jeffrey Epstein.
Trump administration offers shifting narrative for U.S. war in Iran as Democrats pounce
Trump said when the invasion began his objective was to “defend the American people by eliminating imminent threats from the Iranian regime, a vicious group.”
New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers
Williams said that not only were the tariffs being felt at home, but they also were keeping the Fed from reaching its 2% inflation goal.
Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
Target says it’s on track to end its sales slump after another lackluster quarter
The big-box retailer Target posted its fiscal fourth-quarter results as it hosted an investor meeting at its Minneapolis headquarters.
As Trump declares inflation tamed, Iran conflict threatens new price pressures
The conflict involving Iran threatens another price spike that could undermine the president’s central case for lower interest rates.
Why Novo Nordisk’s Ireland expansion is key to fighting off Eli Lilly
Novo Nordisk is investing in a facility in Ireland as it expands its production capacities of the newly launched Wegovy pill, the Danish drugmaker said Monday.
