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☆ Sterling steady ahead of BoE decision; dollar wobbles against yen
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +3 min

The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Sterling last bought $1.2719 after having eked out a slight gain in the previous session, while the euro rose 0.03% to $1.0747. The dollar slipped 0.05% against the yen to 157.99, though the Japanese currency remained not too far from an over one-month low of 158.255 per dollar hit last week. The BoE is widely expected to keep rates steady on Thursday, and the focus will be on any guidance on how soon an easing cycle could begin.

Persons: BoE, Tony Sycamore, Rodrigo Catril Organizations: Bank of England, Sterling, Wednesday, IG, Swiss National Bank, Swiss, National Australia Bank, New Zealand Locations: United States, Switzerland, Norway, France

☆ Honeywell makes a deal to strengthen a core business but fails to address a key risk
▼ + stars: | 2024-06-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The chipmaker stock reached all-time highs as well, up more than 2.5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jeff Marks, chipmaker, Jim Cramer's, NVDA, Jim Organizations: CNBC, Nvidia, Philadelphia, Broadcom, Microsoft, Honeywell, CAES Systems

CNN —Allegations that three boys gang-raped a 12-year-old Jewish girl in northern France have triggered an outcry over surging antisemitism in the country, a key issue in the looming French parliamentary elections this month. The Nanterre prosecutor’s office announced Wednesday that it has launched an inquiry into the alleged “aggravated rape” of a minor, after receiving “reports from a 12-year-old girl” of the incident on June 15. The third boy has been placed under “assisted witness” status in relation to the alleged rape, the prosecutor added. The alleged attack took place as the girl tried to return home after meeting a friend. Protesters carried placards with slogans such as “Raped at 12 because she was Jewish,” and “Anti-Semitism is not residual,” and listened to speeches from Jewish rights activists in attendance.

Persons: Emmanual Macron, “, BFMTV, Gerald Darmanin, Jordan Bardella, ” Bardella, Pen, Emmanuel Macron, André, Gabriel Attal, Jean, Luc Melenchon, ” Attal, ” Melenchon Organizations: CNN, French, Senate, National Rally, Getty, TF1, BFMTV, Conseil, juives de Locations: France, Nanterre, Gaza, Elysee, Paris, Israel, Paris’s, juives, juives de France

☆ Meta's huge AI investment is expected to boost returns and ease investor spending concerns
▼ + stars: | 2024-06-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

META YTD mountain Meta stock performance year-to-date. Riding the tech and AI trade, Meta shares closed at a record high of $527 each on April 5. Like Meta, the Google parent is using AI to enhance its consumer platforms and the potential for more advertising dollars . THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: KeyBanc, Meta, Jeff Marks, Jim Cramer's, Jim Cramer, Jim, Omar Marques Organizations: Facebook, Meta, Gmail, Google, CNBC, Lightrocket, Getty Locations: Meta

☆ How to live happily past 100, according to 7 of the world's oldest people
▼ + stars: | 2024-06-20 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

A healthy 30-year-old woman today has up to a 22% chance of living to 100, according to the Stanford Center on Longevity. In contrast, a woman born in 1920 had around a 2% chance of living to 100, according to actuary Mary Pat Campbell. AdvertisementElizabeth Francis receiving her 'Oldest living Texan' plaque. Centenarians in the world's Blue Zones, where people live to over 100 more often than in other populations, also tend to eat plenty of vegetables and whole foods. Practice moderationJohn Tinniswood, from the UK — who is currently the oldest living man at 111 years old — and Japanese Kane Taneka — who was the second oldest person in recorded history when he died at 119 in 2022 — both do everything in moderation.

Persons: —, Jim Crow, that's, Mary Pat Campbell, Jack, Jack Van Nordheim, Elizabeth Francis, Emmanuel Rodriguez, LongeviQuest Van Nordheim, Francis, collard, expectancies, Van Nordheim, Katie MacRae, Bolton Clarke, MacRae, Janet Gibbs, Gibbs, Joyce Preston, who's, Von Nordheim, Preston, centenarians, John Tinniswood, Kane Taneka —, Yumi Yamamoto, Yamamoto, Kikue Taira, Nomoto Organizations: Service, Business, Stanford Center, Longevity, Research, LongeviQuest Locations: Southern California, birdwatch, Australia, Japan

☆ Marathon, not a sprint: Apple's AI push faces big challenges in China
▼ + stars: | 2024-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTThe Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Apple Intelligence is the Cupertino giant's play that aims to bring AI across its devices. Apple's China AI challengesNavigating these rules will be tricky for Apple. "Localising the Apple Intelligence experience will be a major challenge for Apple," Wood told CNBC. CCS Insights' Wood said Apple's focus on privacy could help introduce AI features to the market.

Persons: Siri, Jonathan Raa, Apple, Bryan Ma, Nicole Peng, Ben Wood, Wood, Neil Shah Organizations: Apple Intelligence, Nurphoto, Getty, Huawei, CNBC, Apple, IDC, Baidu, Insight, Counterpoint Research Locations: China, Beijing, Cupertino

☆ These are Wall Street's favorite Nasdaq picks for the second half
▼ + stars: | 2024-06-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Technology stocks have fueled market strength in 2024, and analysts are watching a group of Nasdaq 100 stocks with further upside potential ahead. Against this backdrop, CNBC Pro used its stock screener to search for Nasdaq 100 stocks that analysts expect to surge over the next 12 months. AMZN YTD mountain Amazon stock has added more than 20% in 2024. The company also beat Wall Street's revenue forecast in the first quarter and issued a higher-than-anticipated earnings outlook for the current quarter. Shares are about flat in 2024, but analysts see nearly 27% upside from current levels, per LSEG.

Persons: Alexa, Marvell, Goldman Sachs, Toshiya Hari Organizations: Nasdaq, Broadcom, Apple, Nvidia, Microsoft, CNBC Pro, CNBC, Analysts, Amazon, Marvell Technology, Wall, Marvell, PDD Holdings, Diamondback Energy

☆ Spain 1 Italy 0: Calafiori own goal settles ‘European Clasico’, Nico Williams shines
▼ + stars: | 2024-06-20 | by ( The Athletic Staff | ) www.nytimes.com time to read: +11 min

Meetings between Spain and Italy rarely disappoint and this one was no exception — even if it was an own goal that decided the contest. Victory sees Spain progress to the knockout stage as group winners, while for Italy it’s all to play for against Croatia on Monday. The one-way traffic continued after half-time, and Spain got to 11 efforts at goal without finding the net. Some will focus on Donnarumma pushing Morata’s header into a helpless Calafiori’s path for Spain’s goal. As the team in front of him were run ragged by Williams and Yamal, the 25-year-old Donnarumma kept things dignified.

Persons: Luis de la Fuente, Gianluigi Donnarumma, Riccardo Calafiori, Donnarumma, Alvaro Morata, Nico Williams, Victory, Dermot Corrigan, Mark Carey, James Horncastle, De la Fuente, Williams, Lamine, Fabian Ruiz, Yamal, Alex Gottschalk, Federico Chiesa, Giovanni Di Lorenzo, Calafiori, Rey Manaj, David Inderlied, —, palmed Pedri’s, didn’t, James Horncastle Pedri, Italy’s, Pedri, Luciano Spalletti’s, Bryan Cristante, Nicolo Barella, Mark Carey Nico Williams dazzles Williams, Di Lorenzo, Edith Geuppert –, Spalletti’s, Marc Cucurella, Dermot Corrigan Spain’s, who’s, Lamine Yamal, Riccardo Calafiori 😬, Ruiz, aly Organizations: ”, Athletic Bilbao, Croatia, De, Italy, Images, Albania, Getty, Paris Saint, League, Barcelona, Athletic, Spain, Premier League Locations: Spain, Italy, Gelsenkirchen …, Gelsenkirchen, Paris, Barella, Spain’s, Calafiori, ain

☆ Pence’s ordeal isn’t deterring Trump’s potential ticket mates
▼ + stars: | 2024-06-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Former Vice President Mike Pence at the US Capitol on May 16, 2024. This despite history suggesting that, at some point in their potential mandate, a possible President Trump might ask them to so something that tests their consciences, the law or the Constitution. The attractiveness of the vice presidential nomination may reflect Trump’s magnetism and the heady euphoria of being a key player in the “Make America Great Again” movement. He has also made clear to Trump that he wouldn’t have adopted Pence’s interpretation of the constitutional limits on vice presidential powers. Burgum has taken a classic route of parlaying an unsuccessful presidential campaign into a spot in the vice presidential derby.

Persons: Donald Trump’s, didn’t, Mike Pence, Ohio Sen, J.D, Doug Burgum, Florida Sen, Marco Rubio, Marco Rubio , South Carolina Sen, Tim Scott, Elise Stefanik, Arkansas Sen, Tom Cotton, Byron Donalds, Ben Carson, Trump, he’s, Pence, Kent Nishimura, —, there’s, MAGA, Vance, MAGA protégé, ”, Sen, Jeff Kowalsky, he’d, CNN’s Kaitlan Collins, wasn’t, Joe Biden’s, “ I’m, Mike Pence’s, ” Vance, wouldn’t, Rubio, Burgum, Justin Lane, Biden, Trump’s, “, who’s, you’re, Jim Watson, can’t, Kristi Noem, Noem Organizations: CNN, GOP, Republican National Convention, Vance , North Dakota Gov, Tim Scott , New York, Florida Rep, Urban, Capitol, Republican, Trump, Republicans, West Wing, Fox News, Getty, The Ohio Republican, Electoral College, ABC News, North, North Dakota Gov, New, Press, Dakota Gov, ”, South Locations: Vance , North, Florida, Marco Rubio , South Carolina, Tim Scott ,, Arkansas, Huntington, Detroit , Michigan, AFP, Pennsylvania, Georgia, “, parlaying, Indiana, North Dakota, boardrooms, New York City, New York, Washington, West Palm Beach , Florida, “ State, Wisconsin, South Dakota

☆ Payoneer CEO on the state of retail and e-commerce growth
▼ + stars: | 2024-06-20 | 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 EmailPayoneer CEO on the state of retail and e-commerce growthJohn Caplan, CEO of Payoneer, discusses key spending trends and the impact of e-commerce on the retail industry.

Persons: John Caplan

☆ Looking beyond the AI hype? Nvidia bull loves this 'under-the-radar' tech stock
▼ + stars: | 2024-06-20 | by ( Isabella Lok | In Isabellalokys | ) www.cnbc.com time to read: +3 min

Artificial intelligence has been the subject of many recent conversations about investing in tech, with Nvidia, Alphabet and Microsoft grabbing headlines. Masters named telecommunications company Motorola Solutions , a company he says is "a very beautiful, solid, public safety-focused business." The rest of the businesses includes its video security and building command center units. He added that the company's video security and command center businesses are also gaining more traction in the market. Put that all together and you have a "very, very strong, high quality compounding business," Masters said.

Persons: Masters, CNBC's, Motorola's, You've Organizations: Nvidia, Microsoft, Trent Masters, Alphinity Investment Management, Masters, Motorola Solutions, MSI, Motorola, Land Mobile, CNBC, New York Stock Exchange

☆ Election Updates: Robert F. Kennedy Jr. fails to qualify for CNN debate with Trump and Biden.
▼ + stars: | 2024-06-20 | by ( Chris Cameron | Simon Levien | ) www.nytimes.com time to read: +6 min

He is winning among Black women in the KFF survey by 58 percentage points, but that represents a significant drop from his 86 percentage point margin among Black women in the approach to the 2020 election, according to an average of New York Times/Siena College polls from that election. Mr. Biden’s lead with Hispanic women has also shrunk substantially, to about 12 points. The survey found Mr. Biden’s lead among women overall to be four points. They approve of how Mr. Biden is handling abortion and would like to see him re-elected. In Michigan, nearly 60 percent of Black women say inflation is the most important issue to their vote.

Persons: Biden, Biden’s, Donald J, Trump, “, ”, can’t, Roe, Wade, Ashley Kirzinger, “ It’s, Ms, Kirzinger, Kellyanne Conway, Trump’s, ” “ Joe Biden, Joe Biden, ” Ms, Conway, Ronald Reagan, George H.W, Bush, John Kerry Organizations: Democrat, The New York Times, Republicans, Democratic, Black, New York Times, Republican, Mr, “ Locations: Arizona, Michigan, KFF, Siena

☆ China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
▼ + stars: | 2024-06-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

China's yuan is falling as holders eye the risk of western sanctions. AdvertisementChina's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. Central banks, meanwhile, are looking to dump the yuan while raising their holdings of the US dollar. Nearly 20% of central bank reserve managers said they planned on raising dollar holdings over the next one to two years, while 12% said they planned on reducing yuan holdings, according to a survey from the Official Monetary and Financial Institutions Forum. Lawmakers are reportedly already drafting sanctions to impose against Chinese banks, sources told The Wall Street Journal in April.

Persons: —, Yuan, They've Organizations: US Treasury, Service, Russia's, Monetary, Financial, Treasury, Lawmakers, Wall Street Journal, Bloomberg Locations: China, Russia, Ukraine, Moscow

☆ Los Angeles Lakers to hire NBA veteran JJ Redick with 4-year coaching contract, according to reports
▼ + stars: | 2024-06-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

The Los Angeles Lakers were on the hunt for a coach after firing Darvin Ham in May. JJ Redick, an NBA veteran, was a top contender for the Lakers coaching job, per ESPN. Sources told The Athletic that Redick impressed Lakers owners and key stakeholders in a recent meeting. AdvertisementThe Los Angeles Lakers have found its new head coach: NBA veteran JJ Redick, according to multiple reports. Redick, a 15-year NBA player-turned-analyst and podcaster, agreed to a four-year contract to lead the Lakers, ESPN first reported.

Persons: Darvin Ham, JJ Redick, Redick, —, podcaster Organizations: Los Angeles Lakers, NBA, Lakers, ESPN, Athletic, Service, Business

☆ Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside
▼ + stars: | 2024-06-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region. Here are three of the latest additions to Goldman's directors' cut lists — for Asia-Pacific and Europe — that were given more than 40% upside potential in the next 12 months. Goldman has a target price of 685 New Taiwan dollars ($21.16) on the stock, implying 54.1% potential upside.

Persons: Goldman Sachs, Goldman, Chao Wang, Oil Goldman, Nikhil Bhandari, Phillips, Daniela Costa, CNBC's Michael Bloom Organizations: bank's Investment, EMC, Taiwan Stock Exchange, SmartETFs Asia, New, Oil, Project, bbl, PTT Public Company, Stock Exchange of, Nasdaq, Philips, Euronext Locations: Asia, Pacific, Europe, New Taiwan, Thailand's, Stock Exchange of Thailand, Dutch, Euronext Amsterdam

☆ India wants to be a developed nation by 2047. Here are 4 critical areas Modi can't ignore
▼ + stars: | 2024-06-20 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.

Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India

☆ Biden’s Lead With Women Is Smaller Than Trump’s With Men, a Warning for Democrats
▼ + stars: | 2024-06-20 | by ( Ruth Igielnik | ) www.nytimes.com time to read: 1 min

Almost every path to victory for President Biden relies on strong support from women. But his current standing among women is the weakest lead a Democrat has had since 2004, a key factor in how tight the race is. That’s down from a lead among women of about 13 percentage points four years ago. And since the 2020 election, former President Donald J. Trump’s support among men has recovered and is back to the double-digit lead he had in 2016. But every year that Democrats have won the presidency, they have led among women by more.

Persons: Biden, Biden’s, Donald J Organizations: Democrat, The New York Times, Republicans

☆ CNN debate stage set with Trump and Biden going head-to-head
▼ + stars: | 2024-06-20 | by ( Cnn Staff | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden and former President Donald Trump are set for a historic showdown, with the stage now set for CNN’s June 27 presidential debate. The showdown will make history as the first debate between a sitting president and a former president. ET on Thursday, with Biden and Trump meeting the constitutional, ballot qualification and polling thresholds set by the network. Biden and Trump were the only candidates to meet those requirements. Debate rulesThe debate will include two commercial breaks, according to the network, and campaign staff may not interact with their candidate during that time.

Persons: Joe Biden, Donald Trump, Biden, Trump, Jake Tapper, Dana Bash Organizations: CNN, CNN’s, Democratic, Republican, Biden, Trump, Federal, ABC News, CBS News, Fox News, Marquette University Law School, Monmouth University, NBC News, The New York Times, Siena College, NPR, PBS, Marist College, Quinnipiac University, The, Street, The Washington Post Locations: Atlanta

☆ The global spike in luxury handbags, shoes, and clothing sales could be coming to an end due in part to China's 'luxury shaming,' study finds
▼ + stars: | 2024-06-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Global luxury goods sales growth will slow in 2024, per a new Bain & Company report. "Luxury shaming" and price hikes without innovation could also contribute to sluggish sales growth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe spike in the global sales of luxury goods could be coming to an end in 2024, and "luxury shaming" could be in part to blame. A report published on June 18 by Bain & Company forecast that worldwide sales of personal luxury goods — which include high-end clothing, shoes, handbags, and beauty products — would grow at the slowest rate since 2020, when sales plummeted due to pandemic-related factors.

Persons: — Organizations: Bain & Company, Service, Business

☆ New Tesla video shows an early glimpse at how Elon Musk's robotaxi service could look
▼ + stars: | 2024-06-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewWe're less than two months away from Tesla's Robotaxi unveiling, but we're already getting an early glimpse at the ride-hailing platform on which the autonomous vehicles are expected to operate. "Still pinching myself that I got to demo Tesla's ride-hailing platform!" The video shows Nathans requesting the service by pressing a black-and-white circle with the word "Summon" within an app. The video shows Nathans adjusting her preferred temperature before the car arrives. AdvertisementTesla's Full Self-Driving software, which is still in beta, is the underlying software technology that the company is working on to power a stand-alone Tesla Robotaxi service.

Persons: —, Tesla's, we're, Rosalie Nathans, she's, Nathans, there's, Elon Musk's, Tesla, Musk, Walter Isaacson Organizations: Service, Tesla, Business, Elon, EV, Reuters Locations: Texas

☆ Bank of America likes this new AI play from the auto sector
▼ + stars: | 2024-06-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Before a multiyear adoption cycle for artificial intelligence -enabled dashcam technology takes hold, investors should watch a key software stock in the automotive industry , according to Bank of America. " Samsara (IOT) is revolutionizing roadway safety," analyst Matt Bullock wrote in a Thursday note. Bullock thinks Samsara's new offerings may move the needle for the company's growth in the long term. "They also have smaller R & D budgets and install-bases from which to collect data and improve AI models," Bullock added. "Because of this, we expect Samsara to remain on the cutting edge of the video-based safety software market."

Persons: Matt Bullock, Bullock, there's Organizations: Bank of America

☆ Possible that the People's Bank of China deemphasizes MLF: Goldman Sachs economist
▼ + stars: | 2024-06-20 | 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 EmailPossible that the People's Bank of China deemphasizes MLF: Goldman Sachs economistHui Shan, chief China economist at Goldman Sachs, discusses the Chinese central bank's decision to keep a key policy interest rate unchanged and the outlook for its monetary policy.

Persons: Goldman Sachs, Hui Shan Organizations: People's Bank of China Locations: China

☆ Bank of England's November meeting will be key, economist says
▼ + stars: | 2024-06-20 | 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 EmailBank of England's November meeting will be key, economist saysDavid Owen of Saltmarsh Economics previews the Bank of England's interest rate decision.

Persons: David Owen Organizations: Email Bank, England's, of

☆ Mortgage rates fall to their lowest level in almost three months
▼ + stars: | 2024-06-20 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. Economists don’t expect the average mortgage rate to fall below 6% this year. Homebuilding constrained by high interest ratesWhile mortgage rates have eased recently, the US housing market overall remains hamstrung by elevated interest rates, which seem to be taking a toll on homebuilding. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB Chairman Carl Harris said in a release.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, America’s homebuilders, “, Carl Harris, ” Skylar Olsen Organizations: Washington CNN —, “, Federal Reserve, Treasury, National Association of Home Builders Locations: ., Wells Fargo, America, San Diego , Los Angeles and New York, California, Honolulu

☆ 11 influencer athletes who are set to dominate the Paris Olympics and your FYP
▼ + stars: | 2024-06-20 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

The 2024 Summer Olympics will begin in Paris on July 26. Elite athletes are sharing their daily lives and intense training routines on TikTok. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe 2024 Summer Olympics are just around the corner, and as elite athletes polish their routines and compete in final qualifiers, they're taking fans along for the ride on TikTok. The platform is a popular choice for sharing training schedules, daily routines, skits with teammates, and brand partnerships.

Persons: Ilona Maher, — Organizations: Elite, US Olympic, Service, Business Locations: Paris

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