The 30-year rate is ‘at a critical stage,’ Lawrence Yun, chief economist at the National Association of Realtors, told MarketWatch.
: Profit at world’s biggest sovereign-wealth fund comes roaring back thanks to tech and AI
Tech stocks led Norway’s massive sovereign-wealth fund to earn a $143 billion profit, thanks to gains for technology stocks.
: Target facing ‘unacceptable amount’ of retail theft and organized retail crime, CEO says
Target has also seen a significant uptick in theft involving violence or threats of violence against the company’s employees.
Economic Report: Builders ramped up construction of new U.S. homes in July
Construction on new U.S. homes rose 3.9% in July, the Commerce Department said Wednesday.
Washington Watch: Climate winners and losers as the Inflation Reduction Act hits 1-year anniversary
Incentives for EVs, solar and clean-energy jobs feature in the largest U.S. effort on climate change to date. Republicans aim to undo the IRA’s green spending.
Market Extra: Tesla and Apple are the most underowned companies right now, says Jefferies
Apple and Tesla are the most under-owned companies among U.S. long-only or global hedge funds, while Alphabet and Microsoft are most over-owned.
: Stop binge-watching and read your credit-card bills. Subscription services make lots of money when you’re not paying attention.
A new study estimates how much extra revenue subscription services are raking in from consumers who are too distracted to cancel.
: PayPal’s stock pulls back as Elliott reveals it dumped its stake last quarter
Elliott Investment Management dumped its stake in PayPal Holdings Inc. during the second quarter, a recent filing indicates.
Metals Stocks: Gold settles lower for 8 straight sessions, suffers worst losing streak in more than 6 years
Gold prices fell for eighth consecutive session on Wednesday, settling at their lowest levels since early July, as higher Treasury yields and a firm U.S. dollar kept the pressure on the yellow metal.
Outside the Box: How to defend yourself and stay safe against AI fraud and identity theft
Tools like ChatGPT can help scammers draft flawless prose for phishing attempts.
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