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☆ The European housing crisis warping millennial life: The average Croatian lives with parents until 33
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +9 min

According to Eurostat, the EU statistical office, the average Croatian leaves their parents' home at over 33 years of age, its highest figure. Joshua Zitser/Business InsiderIn the US, almost everyone has moved out by then. Joshua Zitser/Business InsiderWhile tourism brings economic opportunities for Vukovic and many others, he says it has also worsened the already dysfunctional housing market. But in parts of Dubrovnik, Vukovic explained, that's not feasible. Joshua Zitser/Business InsiderFor Josip Crncevic, 34, prices feel far out of reach.

Persons: —, Joshua Zitser, Malohodžić, Ivan Vukovic, Vukovic, Filip Brkan, that's, Josip Crncevic, Crncevic, homeownership, it's, he'd, Marija, Sanja, Angelo, Cikato, Diana Marlais, Bogdan Dascalescu, wouldn't Organizations: Service, Croatian, Business, Eurostat, BI, UNESCO, Heritage, King's, Real Estate Business Association of, Croatian Chamber Locations: Dubrovnik's, Croatia, Dubrovnik, Independence, HBO's, Dubrovnik's suburbs, Marija

☆ Sales of newly built homes tank in April, as prices and interest rates rise
▼ + stars: | 2024-05-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.

Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo

☆ New home sales at weakest levels since November
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew home sales at weakest levels since NovemberCNBC's Rick Santelli and Diana Olick report on the latest new home sales data.

Persons: Rick Santelli, Diana Olick

This week, Karim Khan, the top prosecutor of the International Criminal Court, requested arrest warrants for Israel’s prime minister, Benjamin Netanyahu, and the country’s defense minister, Yoav Gallant. Patrick Kingsley, the Times’s bureau chief in Jerusalem, explains why this may set up a possible showdown between the court and Israel with its biggest ally, the United States.

Persons: Karim Khan, Benjamin Netanyahu, Yoav Gallant, Patrick Kingsley Organizations: Criminal Locations: Jerusalem, Israel, United States

☆ Weekly mortgage refinance demand revives as interest rates fall to 7-week low
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan rose 7% for the week and were 21% higher than the same week one year ago. Rates last week were just 32 basis points higher than they were a year ago, and that gap has been shrinking. While higher mortgage rates certainly hurt affordability, today's buyers are still facing very low supply and stiff competition, which fuels bidding wars.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

☆ Home sales slipped unexpectedly in April, despite big gains in supply
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of homes priced below $100,000 fell 7.1% year over year, while sales of those priced over $1 million jumped 40%. The median price of an existing home sold in April was $407,600, an increase of 5.7% year over year. The median price in the Northeast was $458,500, up 8.5% year over year. The median price in the West was $629,600, up 9.3% from April 2023. Correction: The supply of homes priced at more than $1 million was up 34% year over year.

Persons: Lawrence Yun, Yun Organizations: National Association of Realtors, Realtors Locations: Issaquah Highlands, Issaquah , Washington, US, Midwest, West

☆ Here's where rents are rising — and where they're falling
▼ + stars: | 2024-05-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Multifamily rents in April were 0.8% lower than they were in the same month last year, according to Apartment List. Apartment rents did rise for the third straight month, but the growth, at 0.5%, is very small. Single-family rents are much stronger, up 3.4% in March year over year, according to a new report from CoreLogic. "U.S. single-family rent growth strengthened overall in March, though some weaknesses are revealed in the latest numbers," said Molly Boesel, principal economist for CoreLogic. Of the nation's 20 largest cities, Seattle saw the highest year-over-year increase in single-family rents at 6.3%, followed by New York at 5.3% and Boston at 5.2%.

Persons: Molly Boesel, Boesel Organizations: National Association of Home Builders, CoreLogic, Boston Locations: Austin , Texas, Seattle, New York, Miami, New Orleans, townhomes, Florida, Austin

☆ Prince Harry Cannot Include Rupert Murdoch in Lawsuit, Court Rules
▼ + stars: | 2024-05-21 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

Prince Harry was dealt a setback in his long-running legal campaign against Britain’s tabloids on Tuesday after a high court rejected a bid to draw Rupert Murdoch into allegations about how Mr. Murdoch’s London papers dug up personal details about him and later concealed or destroyed evidence of it. Justice Timothy Fancourt ruled that lawyers for Harry and about 40 other plaintiffs could not amend their complaint against News Group Newspapers, publisher of The Sun, to include Mr. Murdoch, the 93-year-old media mogul who controls the company, as well as other senior News Group executives. “There is a desire on the part of those running the litigation on the claimants’ side to shoot at ‘trophy’ targets, whether those are political issues or high-profile individuals,” Justice Fancourt declared in the 284-page ruling. “This cannot become an end in itself. That rules out allegations of actions targeted at his late mother, Diana, Princess of Wales, or his wife, Meghan.

Persons: Prince Harry, Rupert Murdoch, Murdoch’s, Timothy Fancourt, Harry, Murdoch, Fancourt, ”, Harry’s, Diana, Princess of Wales, Meghan Organizations: News Group Newspapers, The, News Group Locations: Murdoch’s London

This episode contains explicit language. Over recent months, protests over the war in Gaza have rocked college campuses across the United States. As students graduate and go home for the summer, three joined “The Daily” to discuss why they got involved, what they wanted to say and how they ended up facing off against each other. On today’s episode

Locations: Gaza, United States

☆ Here's how to get an ultra low mortgage
▼ + stars: | 2024-05-17 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how to get an ultra low mortgageRome is a startup that facilitates assumable mortgages. CNBC's Diana Olick speaks with Roam CEO Raunaq Singh on how it works, and their new partnership with a lender.

Persons: Diana Olick, Raunaq Singh Locations: Rome

☆ Mortgage demand from homebuyers drops even as interest rates pull back to April lows
▼ + stars: | 2024-05-15 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today's housing market. As a result, mortgage demand flattened at a weak pace. "While the downward move in rates benefits prospective homebuyers, mortgage rates are still much higher than they were a year ago, while for-sale inventory remains tight," Kan added. Another read on inflation will influence the next move from the Federal Reserve on interest rates. "The difference between a result of 0.2 or 0.4 is surprisingly massive when it comes to the world of interest rates.

Persons: Joel Kan, Kan, Matthew Graham Organizations: Mortgage, Treasury, Federal Reserve, Mortgage News

☆ Meghan visited Nigeria as a duchess and left an African princess
▼ + stars: | 2024-05-13 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

Lagos, Nigeria CNN —The Duke and Duchess of Sussex embarked on what was officially dubbed a 3-day private visit to Nigeria, yet it unfolded with all the grandeur and attention typically reserved for royal tours. The pair had been invited to the West African nation by the country’s highest-ranking military official, Christopher Musa. Meanwhile, for Prince Harry and Meghan, this marked their first major trip to Africa since relinquishing their official royal duties. Meghan, in particular, embraced exploring her Nigerian ancestry after discovering several years ago that she is 43% Nigerian through a genealogy test. As they bid farewell to Nigeria, Meghan declared: “I can’t wait to come back!”

Persons: Duke, Duchess of, Christopher Musa, Meghan, Harry, Duchess of Sussex, Britain's Prince Harry, Duke of Sussex, Kola Sulaimon, Prince Harry, aplomb, Ngozi, Mo Abudu, selfies, Obi, Onitsha, Igwe Nnaemeka Alfred Ugochukwu Achebe, Meghan “ Ada Mazi, Oba Abdulrasheed Adewale Akanbi, Princess Diana, Uba Sani, Sani, “, Princess Meghan, ” Harry, Boko Haram, Corporal Yusef, Polo Organizations: Nigeria CNN, Lightway Academy, Foundation, GEANCO Foundation, Nigerian Defence Headquarters, Nigeria Unconquered, Getty, World Trade, Invictus Games, Lagos Polo Club Locations: Lagos, Nigeria, Duchess of Sussex, Abuja, West, AFP, Texas, Africa, Nigerian, American, Kaduna

☆ ‘Civil War’ sends a message that’s more dangerous than the violence it depicts onscreen
▼ + stars: | 2024-05-12 | by ( John Blake | ) edition.cnn.com time to read: +15 min

In “Civil War,” tanks trample democracy. But the messages they send may be more dangerous than the violence depicted onscreen: The collapse of democracy is inevitable. In the film, Humphrey Bogart plays Rick, the cynical owner of a Moroccan nightclub at the onset of World War II. John Springer Collection/Corbis Historical/Getty ImagesOther World War II-era films like “Don’t be a Sucker,” which emphasized racial and religious tolerance in America, emphasized the same message. The box office success of “Civil War” ensures, though, that more “American carnage” stories are likely headed our way .

Persons: Yuval Noah Harari, Harari, Volodymyr Zelensky, ”, Alex Garland’s “, Donald Trump, Casablanca ’, Humphrey Bogart, Rick, “ We’ll, Dooley Wilson, Ingrid Bergman, Everett, Rick —, Adolf Hitler’s, Democracy’s, Cristóbal, Berry, “, Frank Capra, Frank Sinatra, Sinatra, ” Frank Sinatra, John Springer, Kermit Roosevelt III, Roosevelt, ” Roosevelt, Reagan, Obama, Ronald Reagan, Barack Obama —, Diana Walker, ” Reagan, Reagan’s, Barack Obama, Chuck Kennedy, Trump, hasn’t, Walt Whitman, Whitman, ” Whitman, ” Read Whitman, ” Walt Whitman, Ian Beacock, ” Beacock, Beacock, Ivan Illich, ” Kirsten Dunst, John Blake Organizations: CNN, Casablanca, paragon, Library of Congress, Nazi, Convention, Former, Lions, Hulton, “ Locations: Russia, Ukraine, Ukrainian, Russian, America, United States, “, Casablanca, Moroccan, Adolf Hitler’s Nazi, Nazi, Charlottesville , Virginia, Vietnam, Kansas, Kenya, Denver , Colorado, Austrian, China

☆ Opinion | Rita, Anita, My Mother and Me
▼ + stars: | 2024-05-11 | by ( Deborah Paredez | ) www.nytimes.com time to read: +1 min

Some Latina mothers teach their daughters how to spoon masa or plátano onto a corn husk or banana leaf when making tamales or pasteles. My Latina mother taught me to love musicals. Perhaps it’s because, like all musicals, “West Side Story” is a complex form of representation that revels in both its messiness and its marvelousness. My mother was showing me a diva who could move across these imposed limits. Many of us have cataloged and condemned the musical’s depictions of criminal youth and blatantly sexual women all speaking in exaggerated accents.

Persons: Barbra Streisand, Fanny Brice, Diana Ross, Rita Moreno, Anita, ” Organizations: Broadway Locations: “, America

☆ Prince Harry reunited with Princess Diana's family to celebrate the Invictus Games. The royal family didn't attend.
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Prince Harry is in the UK to celebrate 10 years of the Invictus Games. AdvertisementThe royal family was noticeably absent from a ceremony celebrating the Invictus Games. The Invictus Games, a worldwide sporting competition for injured veterans, marked 10 years since its creation on Wednesday. AdvertisementAs part of the anniversary celebrations, The Invictus Games Foundation hosted a Service of Thanksgiving at St Paul's Cathedral in London. Chris Jackson/Getty Images for Invictus Games Foundation)Harry traveled to the UK to attend the ceremony and other events marking the anniversary.

Persons: Prince Harry, Princess Diana's, King Charles III, Prince William didn't, —, London . Prince Harry, Chris Jackson, Harry, Queen Camilla, Diana's, Earl Charles Spencer, Lady Jane Fellowes, Max Mumby, Spencer, King Charles, Meghan Markle, Charles, Meghan, Duke, Sussex, Buckingham, Prince William, Sussex's, Kate Middleton's, Kate, Prince, Princess of Organizations: Invictus, Service, Invictus Games, Charity Commission, St Paul's Cathedral, Getty, Wednesday, Mail, BBC, Good Morning America, Reuters, Buckingham Palace, Sussex, Netflix Locations: England, Wales, Paul's, London, St Paul's, Buckingham

☆ Removing CO2 from air: Inside the world's largest carbon removal plant
▼ + stars: | 2024-05-09 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemoving CO2 from air: Inside the world's largest carbon removal plantCNBC's Diana Olick joins 'Squawk Box' from Iceland with a look at the world's largest direct air capture (DAC) plant.

Persons: Diana Olick Locations: Iceland

☆ Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates
▼ + stars: | 2024-05-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases. "First-time homebuyers account for roughly half of purchase loans, and the government lending programs are an important source of financing for these homebuyers. The dip in rates caused refinance demand to increase 5% for the week, although it was still 6% lower than the year-earlier week. Applications for a mortgage to purchase a home rose 2% for the week but were still 17% lower than the same week a year earlier. Mortgage rates fell further to start this week.

Persons: Mike Fratantoni, MBA's, Fratantoni Organizations: Federal Reserve's, Federal Housing Administration Locations: Manhattan, New York City

☆ Food startup Hungryroot uses AI to reduce waste, a major climate offender
▼ + stars: | 2024-05-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Food waste is so prolific in the U.S. that roughly one-third of the amount produced ends up in landfills rather than stomachs. A recent study published in the journal Science found food production accounts for 26% of global greenhouse gas emissions. Food delivery services like HelloFresh, Blue Apron and EveryPlate reduce that somewhat by sending consumers what they need for specific recipes. The company says its processes help lead to 80% less food waste at its facilities compared with a traditional supermarket. In addition to Lightspeed, Hungryroot is backed by L Catterton, Crosslink Capital, Karp Reilly and Lerer Hippeau.

Persons: Ben McKean, Hungryroot, Jeremy Liew, They've, L, Karp Reilly, Lerer, Lisa Rizzolo Organizations: CNBC, Investors, Lightspeed Venture Partners, Crosslink Locations: U.S, York, Brussels

☆ ‘I had to choose’: Mom describes accepting transgender daughter
▼ + stars: | 2024-05-07 | by ( Diana Tollison | ) edition.cnn.com time to read: 1 min

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While many of the effects of climate change, including heat waves, droughts and wildfires, are already with us, some of the most alarming consequences are hiding beneath the surface of the ocean. David Gelles and Raymond Zhong, who both cover climate for The New York Times, explain just how close we might be to a tipping point.

Persons: David Gelles, Raymond Zhong Organizations: New York Times

☆ Princess Diana's lingerie-inspired Met Gala look was the ultimate 'revenge' dress
▼ + stars: | 2024-05-06 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +3 min

Princess Diana made her only Met Gala appearance in 1996, shortly after divorcing then-Prince Charles. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFashion's biggest night is here, which means it's the perfect time to dive into the Met Gala archives. Princess Diana made a splash at her only Met Gala in 1996. Diana wore a lingerie-inspired silk navy-blue slip dress with black lace and paired the ensemble with a matching silk robe.

Persons: Diana, Prince Charles, John Galliano, Prince William, —, Princess Diana, Patrick McMullan, Diana wasn't, Christian Dior, Anwar Hussein, Eloise Moran, Di, Charles, Moran, Marilyn Monroe, Katie Nicholl, William, Harry Organizations: Service, Getty, Metropolitan Museum of Art, Yahoo, Victoria, Albert Museum Locations: New York City, London

☆ Met Gala 2024: Everything we know about the theme, hosts and guests
▼ + stars: | 2024-05-06 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.

Persons: CNN —, —, Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, “, ” Cher, Ron Galella, ”, Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China

☆ Chris Pine is 'stunned' the 'Wonder Woman' franchise is over
▼ + stars: | 2024-05-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

Read previewIt's been four years since the last "Wonder Woman" movie debuted in theaters, and Chris Pine still can't believe the successful franchise has ended. In the movies, Pine played American spy Steve Trevor, the love interest of Gal Gadot's Diana Prince/Wonder Woman character. In 2017's "Wonder Woman," directed by Patty Jenkins, Trevor teams up with Prince to fight with the Allies in World War I, and eventually, the two fall in love. Chris Pine and Gal Gadot in "Wonder Woman." The rest is history, as the first "Wonder Woman" movie became a sensation.

Persons: —, Chris Pine, Pine, Steve Trevor, Gal Gadot's Diana Prince, Patty Jenkins, Trevor, Prince, Jenkins, James Gunn, Peter Safran, I'm, Patty, Steve, gonzo, Gal Gadot, Rebecca Blackwell Organizations: Service, Allies, Business, Warner Bros, DC, DC Comics, Galaxy, DC Studios Locations: American, Casablanca

☆ 10 of the biggest moments in Met Gala history
▼ + stars: | 2024-05-06 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

The Met Gala is home to some of history's biggest fashion and pop-culture moments. Zendaya's Joan of Arc-inspired look from 2018's Gala remains one of her most iconic fashion moments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Throughout the years, the Met Gala has transformed into a multimillion-dollar fundraiser — last year's event reportedly raised $22 million — filled with unforgettable fashion, controversies, and canon-level pop-culture moments. AdvertisementAs the world awaits all that this year's party has to offer on May 6, here's a look back at 10 memorable moments in Met Gala history.

Persons: Taylor, Joan of Arc, —, What's, Eleanor Lambert, who's, Diana Vreeland, Pat Buckley, Anna Wintour, Condé Nast, Wintour Organizations: Service, New York, Metropolitan Museum, Art's, Vogue, Party

Warning: this episode contains strong language. Over the past week, students at dozens of universities held demonstrations, set up encampments and, at times, seized academic buildings. In response, administrators at many of those colleges decided to crack down and called in the local police to detain and arrest demonstrators. As of Thursday, the police had arrested 2,000 people across more than 40 campuses, a situation so startling that President Biden could no longer ignore it. Jonathan Wolfe, who has been covering the student protests for The Times, and Peter Baker, the chief White House correspondent, discuss the history-making week.

Persons: Biden, Jonathan Wolfe, Peter Baker Organizations: The Times, White House

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