Housing market to remain ‘stuck’ until at least 2026, Bank of America says
The bank sees a variety of factors lining up against both a major improvement in sales and a drop in prices.
U.S. auto sales are expected to slow during the second half of 2024
Vehicle inventory levels are growing, incentives are increasing and there’s growing uncertainty surrounding the economy, interest rates and U.S. election.
Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim
Tesla has issued its third and fourth recalls on its Cybertruck, which hit the market late last year.
Here’s how bad housing affordability is now
Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.
Judges halt key parts of Biden’s student loan forgiveness, repayment plan — risking relief for millions
Two federal judges have blocked significant parts of President Joe Biden’s new student loan repayment plan.
Amazon says Prime Day will run July 16 and 17
The two-day discount event will feature “millions” of deals for members of Amazon’s $139-per-year loyalty club, the company said.
Harvard dropouts raise $120 million to take on Nvidia’s AI chips
A team founded by college dropouts has raised $120 million from investors led by Primary Venture Partners to build a new AI chip to take on Nvidia.
Wisconsin wants to be tech mecca. After Foxconn broken promises, the state says this time is for real
Wisconsin hopes new CHIPS Act funding and the arrival of companies including Microsoft and GE will undo the public damage from a failed Foxconn investment.
Novo Nordisk’s Wegovy weight loss drug approved in China
Novo Nordisk said Tuesday that its Wegovy weight loss treatment has been approved in China for long-term weight management.
U.S. record labels are suing AI music generators, alleging copyright infringement
Universal Music Group, Sony Music Entertainment and Warner Music Group, among others, filed lawsuits Monday against Suno and Udio-maker Uncharted Labs.
