Weekly mortgage demand stalls, even though rates drop to lowest since April 2023
Mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed.
Elon Musk’s xAI accused of worsening Memphis smog with unauthorized gas turbines at data center
Memphis already has a smog problem. Environmental groups say Elon Musk’s xAI is making it worse with unauthorized use of gas turbines to power its data center.
Treasury yields little changed as investors look ahead to U.S. inflation data
On Wednesday, investors awaited a key U.S. inflation report due later in the week.
NFL wants a cut of private equity investment profits
NFL owners are planning to vote on a proposal Tuesday that would allow private equity firms to take a maximum 10% stake in teams.
Ron Insana says the math adds up to the Fed needing to cut interest rates aggressively
The Fed should be cutting rates by a half, rather than a quarter, point to ensure it is not behind the curve, Insana says.
Trump taps RFK Jr. and Tulsi Gabbard for presidential transition team
Robert F. Kennedy Jr. and Tulsi Gabbard have both endorsed Republican nominee Donald Trump for president over Democratic nominee Kamala Harris.
Home prices hit record high in June on S&P Case-Shiller Index
On a three-month running average ending in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday.
NFL owners vote in favor of private equity investment; select firms commit $12 billion
The NFL is the last major sports league to allow private equity investment as rising valuations make it harder for owners to buy in.
Top 10 colleges for financial aid, according to The Princeton Review — one is in the Ivy League
These are the colleges with the most generous financial aid packages, according to The Princeton Review.
Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s processors.
