Some home buyers are still applying for mortgages even as rates soar past 7%
Mortgage applications rose 3.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.13%.
Why the bond market still holds the cards as Fed walks back its pivot talk
Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cuts
Eli Lilly reports positive data in Phase 3 trial of weight-loss drug as treatment for sleep apnea
Zepbound reduced apnea effect by up to 63% and achieved about 20% weight loss after a year.
U.K. pushes to create ‘smokefree generation’ by banning sale of cigarettes to anyone born after 2009
MPs voted to push forwards with a bill that would ban the sale of tobacco to anyone who is currently aged 15 or younger
FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT
FTC’s five commissioners are due to meet next week to discuss the $8.5 billion deal.
Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.