Author: Daniel snow
A “Sale” sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty ImagesThe spring housing market continues to struggle amid high interest rates and low consumer confidence.Sales of previously owned homes in April fell 0.5% from March to a seasonally adjusted, annualized rate of 4 million units, according to the National Association of Realtors. That is the slowest April pace since 2009. Sales were down 2% from April of last year. Housing economists were expecting a gain of 2.7%.This count is based on closings, meaning contracts that were likely…
Marvell was once a hot AI stock. Now, Melius Research worries about the company’s Amazon business and its downscaled analyst event. Source link
Traders work on the floor of the New York Stock Exchange on May 21, 2025, in New York City.Spencer Platt | Getty ImagesA U.S. Treasury selloff is prompting some market watchers to reassess their stance on fixed income allocation, after “relentless” action from yields on long-dated Treasurys saw those bonds surpass a key 5% threshold.Yields on 20- and 30-year Treasurys were marginally higher on Thursday, trading at 5.136% and 5.128%, respectively. Both notes were up as much as 5 basis points earlier the session, before paring gains.Bond prices and yields move in opposite directions, meaning yields rise when the assets…
The advertising software maker, which is led by Mark Douglas and counts Ryan Reynolds as chief creative officer, says its IPO was oversubscribed. Source link
The bill now faces a difficult test of making it through a Republican-controlled Senate with different preferences and priorities. Source link
Alphabet Chief Investment Officer Ruth Porat (L) and Nvidia CEO Jensen Huang (R) wait to meet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025.Brendan Smialowski | Afp | Getty ImagesTechnology giants OpenAI, Oracle, Nvidia and Cisco are joining forces to help build a sweeping Stargate artificial intelligence campus in the United Arab Emirates.”AI is the most transformative force of our time,” said Nvidia CEO Jensen Huang in a release Thursday. “With Stargate UAE, we are building the AI infrastructure to power the country’s bold vision – to empower its people, grow its economy, and…
After quashing a rebellion by budget hawks, the bill now goes on to the Senate, where another fight will ensue. Source link
A shift is happening during the busiest season for the real-estate industry. Source link
In a vote early Thursday, House members approved President Donald Trump’s “big, beautiful” tax bill, including a new savings account for children with a one-time deposit of $1,000 from the federal government.Under the proposal, “Trump Accounts” — previously known as “Money Accounts for Growth and Advancement” or “MAGA Accounts” — can later be used for education expenses or credentials, the down payment on a first home or as capital to start a small business. The final version of the bill that House Republicans passed Thursday could still face pushback in the Senate.More from Personal Finance:House Republican tax bill passes ‘SALT’ deduction cap of…
The Picklr facility in Salt Lake City, UtahPacklrThe world’s largest pickleball franchise is coming to Japan.The Picklr, a network of indoor pickleball clubs, will open 20 new locations in the Japanese market over the next five years, the company said on Thursday. The expansion will take place through a strategic partnership with Nippon Pickleball Holdings, Japan’s leading pickleball company.The Picklr CEO Jorge Barragan has taken on an aggressive growth strategy as the sport has seen exponential growth. Pickleball saw a 223% jump in participation over a three-year span, according to the Sports and Fitness Industry Association, making it the “fastest-growing”…