Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months. Sales were 2.5% lower compared with the same time last year. Sales saw the biggest gains in the Northeast and were flat in ...
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking to CNBC from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker gave the most direct statement yet from a central bank official that monetary policy easing is almost a certainty when officials meeting again in less than ...
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. The used equipment activation fee for subscribers in the U.S. and Canada comes as Peloton starts to see a meaningful increase in new members ...
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion late Monday for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, according to a person familiar with ...
Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz credited a particular source of support for helping to get his family to where they are today — Social Security survivor benefits. His father died of lung cancer when Walz was 19, leaving a “mountain of medical debt,” Walz said. Social ...
Panama will deport over 100 people from China, India, Ecuador and Colombia, in a widening crackdown on the number of migrants traveling north through Central America, President Jose Mulino announced on Thursday. The deportation flights are part of Panama’s partnership with the US that aims to discourage irregular migration northward – a growing phenomenon in recent years. Panama plans to ...
Bangkok, Thailand — A small passenger plane on a domestic flight in Thailand crashed Thursday afternoon shortly after taking off from the main airport in the capital, Bangkok, the country’s civil aviation authority announced. It appeared that all nine people aboard had been killed. Rescuers found no survivors at the crash site in a mangrove swamp in Chachoengsao province about ...
Afghanistan’s Taliban rulers are cracking down on the sound of women’s voices in public, under a strict new set of vice and virtue laws under the Islamist regime. The laws were issued Wednesday after they were approved by supreme leader Hibatullah Akhundzada, a government spokesman said, and cover aspects of everyday life like public transportation, music, shaving and celebrations. Among ...
A volcano in southwestern Iceland erupted on Thursday, the meteorological office said, spraying red-hot lava and smoke in its sixth outbreak since December. The total length of the fissure was about 3.9 kilometers (2.42 miles) and had extended by 1.5 kilometers in about 40 minutes, the Icelandic Met Office, which is tasked with monitoring volcanoes, said in a statement. Livestreams from the volcano ...
Guns swinging from their hips, two soldiers in black combat boots and green tactical clothing appear to wire explosives to pumps at the Canada Water reservoir in Rafah, southern Gaza. Moments later, an orange blaze tears through the critical facility in the Tal al-Sultan neighborhood, as ribbons of grey smoke erupt into the sky. The reservoir could hold 3 million liters ...