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☆ See aboard the USS Beloit, the Navy's new $500 million littoral combat ship upgraded to fight near coastlines
▼ + stars: | 2024-11-28 | by ( Talia Lakritz | Lauren Frias | ) www.businessinsider.com time to read: +1 min

An embattled legacyUS Navy crewmembers boarding USS Beloit at Veterans Park in Milwaukee. Diana SalgadoThe Navy operates two types of littoral combat ships: the Independence-class and the Freedom-class. For example, USS Milwaukee, a $750 million Freedom-class ship, was decommissioned last year after just eight years in service. It's one of about half a dozen littoral combat ships — most being from the Freedom class — that have been pulled from active service. The Navy has since put some of its hopes for the LCS into the new class of frigate in development.

Persons: Cpl, Diana Salgado, Dirk Debbink Organizations: Beloit, Veterans Park, Milwaukee . US Marine Corps, Navy, USS Locations: Milwaukee ., USS Milwaukee, Beloit, China

☆ U.S. food banks getting busier amid high cost of living
▼ + stars: | 2024-11-28 | by ( Diana Tollison | ) edition.cnn.com time to read: 1 min

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A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. While the drop in rates wasn’t exactly huge, there was a fair amount of pent-up demand among homebuyers. Last year at this time mortgage rates were higher, but falling. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month,” Joel Kan, an MBA economist, said in a release.

Persons: homebuyers, ” Joel Kan, ”, Kan, Matthew Graham Organizations: Mortgage, “, pullbacks, Mortgage News

☆ Pending home sales rise 2% monthly
▼ + stars: | 2024-11-27 | 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 EmailPending home sales rise 2% monthlyCNBC's Diana Olick reports on the latest housing data to cross the tape.

Persons: Diana Olick

☆ Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months
▼ + stars: | 2024-11-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. While the drop in rates wasn't exactly huge, there was a fair amount of pent-up demand among homebuyers. Last year at this time mortgage rates were higher, but falling. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month," said Joel Kan, an MBA economist in a release.

Persons: homebuyers, Joel Kan, Matthew Graham Organizations: Mortgage, pullbacks, Mortgage News

☆ New homes sales weaker-than-expected in October
▼ + stars: | 2024-11-26 | 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 homes sales weaker-than-expected in OctoberCNBC's Diana Olick reports the latest on new home sales data.

Persons: Diana Olick

☆ Emma Corrin and Maggie Nelson on the Strength in Vulnerability
▼ + stars: | 2024-11-26 | by ( Liz Brown | ) www.nytimes.com time to read: +2 min

Emma Corrin first encountered Maggie Nelson’s work three summers ago, when the actor was in Brighton, England, filming 2022’s “My Policeman,” a British drama about postwar sexual repression. At the time, Corrin, now 28, was grappling with their gender identity, and a friend recommended “The Argonauts” (2015), Nelson’s memoir about queer desire and making a family with her partner, the artist Harry Dodge. For Corrin, who recently wrote a screenplay with a friend, Nelson’s work remains a touchstone. Earlier this year, Corrin saw the playwright Margaret Perry’s adaptation of “Bluets,” starring Emma D’Arcy, Kayla Meikle and Ben Whishaw, in London. It was the first time that Nelson’s work had been performed onstage.

Persons: Emma Corrin, Maggie Nelson’s, ”, Harry Dodge, Nelson, Eileen Myles, ” Nelson, who’s, “ Bluets ”, Diana, “, Corrin, Robert Eggers’s, Zal Batmanglij, Margaret Perry’s, Emma D’Arcy, Kayla Meikle, Ben Whishaw Organizations: Argonauts, City University of New, The Argonauts, University of Cambridge Locations: Brighton , England, Northern California, New York, City University of New York, Los Angeles, London, “ Orlando, ” Virginia

☆ This startup makes thrifting furniture far easier, even for big retailers like Pottery Barn
▼ + stars: | 2024-11-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Furniture waste is a growing concern as consumers and companies seek to reduce carbon emissions. Apparel companies like Poshmark, Dpop and Thredup are thriving in online thrifting, but furniture thrifting is a lot more complicated, simply due to the size of the items. The New York-based startup is an online marketplace for buying and selling used furniture that provides pick-up and delivery for items. It also works with major retailers, like West Elm and Pottery Barn, to sell floor models or resell items that have been returned. For big furniture retailers, there is big waste in returns and the reverse logistics involved — from the costs to the transportation emissions.

Persons: Reham Fagiri, Kathleen O'Brien, O'Brien, Zoe Perret, Fagiri, Lisa Rizzolo Organizations: Environmental Protection Agency, Comcast Ventures, Hearst Lab, Great Oaks Venture, Soma, CNBC Locations: New York, AptDeco, U.S, Alaska, Hawaii

☆ Lunchables were a smashing success. Now they’re in crisis
▼ + stars: | 2024-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Lunchables’ slide is hurting its parent company, Kraft Heinz. The end result isn’t just that Lunchables sales are down — numerous competitors have popped up, including Lunchly by YouTube stars Logan Paul and MrBeast. Kraft Heinz also pitched Lunchables to budget-strapped school cafeterias as a way to save money on labor and other costs. Kraft Heinz criticized the findings and said the report contributed to Lunchables’ sales slide. Lunchables’ ‘transformation’Despite Lunchables’ recent woes, Kraft Heinz says it’s investing in the brand.

Persons: Kraft Heinz, Kraft, Lunchables, ”, Diana Frost, “, Logan Paul, MrBeast, It’s, Matt McClain, Carlos Abrams, Rivera, ” Frost, Oscar Mayer, Michael Moss ’, ” Moss, ” Lunchables, Moss, Justin Sullivan, Bob Drane, it’s, “ Lunchables, Frost, David Garfield Organizations: New, New York CNN, CNN, YouTube, Washington Post, ”, School, Center for Science, Consumer, US Department of Agriculture, Kraft, School Nutrition Association, Crain’s Magazine Locations: New York, Euromonitor, Turkey, bologna, Moss

☆ AptDeco aims to keep furniture out of landfills
▼ + stars: | 2024-11-25 | 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 EmailAptDeco aims to keep furniture out of landfillsCNBC's Diana Olick joins 'Power Lunch' with details about how one company is working to make furniture shopping more sustainable.

Persons: Diana Olick

☆ Las Vegas police arrest 57 striking casino workers, says union
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

Police in Las Vegas arrested 57 striking casino workers on Thursday at a protest outside Virgin Hotels Las Vegas, the Culinary Union said on X. Hundreds of casino workers at Virgin Hotels Las Vegas walked off their jobs last week over stalled talks to win a new five-year union pay contract. “Culinary Union members on strike outside @VirginHotelsLV while Culinary Union members are getting arrested in non-violent civil disobedience,” the union said in one of the posts. Separately, Las Vegas police said that the road next to the casino, which was earlier closed due to protests, had reopened after the arrests. Virgin Hotels Las Vegas is owned by JC Hospitality, along with Juniper Capital Partners, Virgin Group and others, according to the hotel’s website.

Persons: Diana Valles Organizations: Las Vegas, Virgin Hotels, Culinary Union, Vegas, “ Culinary Union, JC Hospitality, Juniper Capital Partners, Virgin Group Locations: Las, Virgin Hotels Las Vegas

A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years. While mortgage rates remain elevated, they are expected to stabilize.”There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop. Mortgage rates are much higher now, at 7.05% on the 30-year fixed.

Persons: ”, Lawrence Yun, ” Yun, Chen Zhao Organizations: National Association of Realtors, Mortgage News, Fed Locations: Redfin

After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: ”, Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News Locations: Ukraine, Russia

☆ I dropped 80 pounds by changing my diet, walking my dog, and competing with friends over our step count
▼ + stars: | 2024-11-20 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

The flight attendant took action by improving her diet and taking her little dog for long walks. She lost 80 pounds in less than a year and is able to keep up with her energetic, 6-year-old child. I did it by changing my diet and walking my dog more. I only put on 20 pounds during my first pregnancy with my son, Andy, in 2000 and lost it pretty quickly. I no longer took the elevator in the New York subway and went for the stairs.

Persons: Diana Coello, You've, I'd, Andy, Milania, COVID, Kenny, fryer, Dianne, Angie, Bruno, I've Organizations: Netflix, New York, Business Locations: New York City, chihuahua

☆ Weekly mortgage demand inched up, despite higher interest rates. Here's why.
▼ + stars: | 2024-11-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week. Total application volume increased 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News, U.S Locations: Ukraine, Russia

☆ Geno Auriemma becomes all-time winningest college basketball coach in 40th year at UConn
▼ + stars: | 2024-11-20 | by ( Chantel Jennings | ) www.nytimes.com time to read: +5 min

STORRS, Conn. — UConn women’s basketball coach Geno Auriemma passed Tara VanDerveer as college basketball’s all-time winningest coach with the Huskies’ win over Fairleigh Dickinson on Wednesday night in Storrs. Advertisement“This is yet another outstanding milestone in a career filled with them for Geno Auriemma,” VanDerveer said in a statement. Alone, he has more NCAA Tournament wins than any program in men’s or women’s college basketball. In 1995, Lobo’s senior season, UConn won its first national title. From 2013 to 2016, the Huskies won four national titles and set a college basketball record by winning 111 consecutive games.

Persons: STORRS, —, Geno Auriemma, Tara VanDerveer, Auriemma, Azzi Fudd, ” VanDerveer, Geno, Chris, ” Auriemma, Paige Bueckers, Chris Dailey’s, Sue Bird, Diana Taurasi, Maya Moore, Napheesa Collier —, Dailey, Duke men’s, Mike Krzyzewski, Rebecca Lobo, Lobo’s, Swin Cash, Ashja Jones, Tamika Williams, Taurasi, Tina Charles, Moore, Stewart, Jared C, Tilton Organizations: — UConn women’s, Huskies, Fairleigh Dickinson, UConn, Naismith, WNBA, Dallas, Gampel, Stanford, VanDerveer, Tennessee, women’s, Getty Locations: Conn, Storrs

☆ I graduated a year early from high school and have no regrets. Now my daughter is doing the same.
▼ + stars: | 2024-11-19 | by ( Joy Nicholas | ) www.businessinsider.com time to read: +4 min

But I don't regret my decision to graduate a year early from high school. It was disappointing to think that the moment I always envisioned marking the end of high school would look very different. But that was overshadowed by the promise of not having to return to high school again. I finished high school at the end of July and started college a week after I turned 17. Five years ago, my daughter Skyler decided to graduate from high school early.

Persons: It's, Diana's, nodded, Joy —, Jill, Julie, Joyce, Skyler, —, You've Locations: California

☆ Building permits data misses estimates in October
▼ + stars: | 2024-11-19 | 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 EmailBuilding permits data misses estimates in OctoberCNBC's Diana Olick reports on the latest housing data to cross the tape.

Persons: Diana Olick

Members of the Hispanic and LGBTQ communities are being targeted with these kinds of disturbing text messages by people hiding behind anonymous phone numbers. Now, authorities are investigating cases in which other groups of people are reportedly getting text messages saying they have been "selected for deportation or to report to a re-education camp." The language of the text messages sent to these students were not identical, but they all referenced deportations and actions by Immigration and Customs Enforcement. ICE does not send "random text messages to people," the spokesperson said in a phone interview. "Sending text messages in the blind is not how us Immigration Customs Enforcement operates.

Persons: LGB, Donald Trump’s, Santiago Marquez, Santiago, “, ” Santiago, Diana Brier, Donald J, Trump, Donald J Trump, Jesus Christ, ”, Brier, she’s, I’m, ” Brier, she's, won’t, Gilda Pedraza, Pedraza, Marquez Organizations: FBI, Department of Justice, Black, Latin American Association, Immigration, Customs, NBC News, Executive ICE, ICE, Enforcement, Nellis Air Force Base, Las Vegas, Air Force, Las, Las Vegas FBI, Blacks, Latino Community Fund Georgia Locations: Georgia, Las Vegas, Brown, Nevada, Colorado

☆ Homebuilder sentiment improved for the third straight month
▼ + stars: | 2024-11-18 | 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 EmailHomebuilder sentiment improved for the third straight monthCNBC's Diana Olick joins 'Squawk on the Street' to report on new data on homebuilder sentiment and an uptick of M&A in the space.

Persons: Diana Olick

☆ Homebuilder M&A soars - here's why
▼ + stars: | 2024-11-18 | 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 EmailHomebuilder M&A soars - here's whyCNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.

Persons: Diana Olick

☆ Vladimir Shklyarov, Russian ballet star, dies after falling from building
▼ + stars: | 2024-11-18 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

CNN —Vladimir Shklyarov, a world-renowned Russian ballet star, has died after falling from the fifth floor of a building on Saturday. His death was confirmed by the Mariinsky Theater, a venue in the city of St. Petersburg where Shklyarov was the highest-ranking dancer. “This is a huge loss for the entire Mariinsky Theater team,” it said. Shklyarov died two days before he was due to undergo complex spinal surgery and had been taking “serious painkillers” for some time, Russian media reported. Born in Leningrad — now St. Petersburg — Shklyarov studied at the prestigious Vaganova Academy of Russian Ballet and graduated in 2003.

Persons: Vladimir Shklyarov, Shklyarov, ”, “, It’s, Diana Vishneva, Instagram, Petersburg — Shklyarov, —, ” “ Romeo, Juliet ”, “ Don Quixote, Alexei Ratmansky, Ratmansky, Maria Shirinkina Organizations: CNN, Mariinsky Theater, RIA Novosti, Mariinsky, Vaganova Academy of Russian Ballet, London’s Royal Ballet, American Ballet Theatre, Russia, Bolshoi Ballet Locations: Russian, St . Petersburg, Leningrad —, St, Petersburg, Swan, Russia, New York, Ukraine, Ukrainian

Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically took a breather. “Mortgage rates continued to increase last week, driven by higher Treasury yields as financial markets digested the likely impacts of a Trump presidency,” said Joel Kan, the Mortgage Bankers Association’s deputy chief economist. Last year at that time, mortgage rates were 75 basis points higher. “FHA mortgage rates bucked the overall trend and were lower over the week, which likely helped some borrowers,” Kan said.

Persons: Trump, ”, Joel Kan, Kan, ” Kan, Matthew Graham Organizations: Mortgage, “, Trump, Federal Housing Administration, U.S . Department of Veterans Affairs, Veterans, Mortgage News

☆ Homebuilder deal activity is surging, fueled by major Japanese buyers
▼ + stars: | 2024-11-13 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. Whelan says she alone has four more set to close by year end, and there could be more from others. The surge is the result of still-growing housing demand that reignited at the start of the pandemic thanks to record low mortgage rates and sudden new migration. But mortgage rates also caused a historic housing shortage. That dynamic, sometimes called the mortgage rate lock-in effect, has exacerbated the housing shortage.

Persons: Margaret Whelan, Whelan Locations: U.S

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