New home listings are down more than 20% from a year ago amid tight inventory and high mortgage rates. Homeowners don’t want to give up their lower rate and buy a new home at today’s elevated mortgage rates near 7%. …
Regional bank stocks are poised to rally 15% in coming weeks, Fundstrat’s Tom Lee said. Lee pointed to a recovery among regional lenders after sentiment approached “absurd” levels last week. But he acknowledged longer-term risks loom for bank stocks until…
Italy’s industry minister has called a crisis meeting to address the soaring price of pasta, Reuters reported. Pasta prices jumped 16.3% in April, while broader Italian inflation came in at 8.8%. Industry bodies have complained after the price rises cost…
Valencian design studio Masquespacio has completed a dine-in restaurant for takeaway sushi chain Ichi Station in Milan, with interiors designed to resemble a futuristic spaceship. Set in a historic building in the Brera district, the chain’s latest outpost builds on…
Elizabeth Holmes gave a series of pre-prison interviews to the New York Times. Holmes, once the youngest self-made female billionaire, was known for her throaty voice and black turtlenecks. The NYT presents the image of “Liz” — a loved-up mother of…
Donald Trump will officially not be testifying at his civil rape trial. The former president was given a deadline after telling reporters he would attend. Closing arguments for the case are set for Monday, and the jury will begin deliberating…
Florida Gov. Ron DeSantis was advised to write ‘LIKABLE’ on his notepad before a 2018 debate. An advisor told DeSantis to tone down his aggressiveness in a debate prep video obtained by ABC News. “You have to write in all…
In her first interview since 2016, Elizabeth Holmes told NYT her perspective on her fraudulent business. Once the company dissolved, she burned an effigy for Theranos, then lived in an RV for six months. The former CEO said she experienced…
Elon Musk envisions a world where tunnels solve all our car-centric woes. However, cars full of tunnels are not feasible because of a lack of space and high costs. A journalist argues that Musk could use The Boring Company to…
Warren Buffett and Charlie Munger held court during Berkshire Hathaway’s annual meeting on Saturday. They tackled topics including banking, real estate, Apple, AI, Elon Musk, and de-dollarization. Here are Buffett and Munger’s 18 best quotes from the Berkshire meeting. LoadingSomething…
