Rising Mortgage Rates: What Homebuyers Need to Know
The Impact of Rising Mortgage Rates on Housing Affordability
Renowned economist Peter St. Onge from the Heritage Foundation provides insights into the current housing affordability crisis in a recent episode of ‘The Bottom Line.’
Escalating Mortgage Rates
The ongoing surge in mortgage rates has further intensified the challenges faced by potential homebuyers, exacerbating the already existing home affordability crisis.
An “Open House” sign displayed outside a residence in Was
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Al Bilad newspaper “Civil Affairs” is considering the delay in resuming a company’s lawsuit due to a technical malfunction
– 2024-04-25 19:22:17
A technical failure on the e-government website caused the failure to file an appeal filed by a company against another company that had filed a lawsuit against it, requesting financial compensation.
The details indicate, according to what lawyer Najah Khamdan reported, that the appellant, the Technical Solutions Company, filed a lawsuit before the High Civil Court against her client’s appellant company, which specializes in industrial services, and another company, requesting that they be obligated to pay it jointly the amount of 24 thousand and 425 dinars, along with the legal interest from Due date until full payment, on the basis of the statement that the appellant company had contracted with its appellant client to provide it with an electronic system for its activity in exchange for an amount of 48 thousand dinars and 850 dinars. The appellant company contracted with one of the companies to contribute to paying half the amount, and the latter promised to
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Today’s stock markets, April 25th. The US economy slows down, inflation does not: the markets see the rate cuts moving away. Meta also weighs on the exchanges
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MILANO – American GDP slows down in the first quarter of the year, stopping at +1.6% from the +3.4% confirmed for the fourth quarter of 2024 and well below consensus expectations which were around 2.4-2.5 %. On the other hand, however, the PCE inflation data increased in the first quarter of 2024 at an annualized rate of 3.4% and the ‘core’ data, the one adjusted for energy and food prices, grew by 3. 7%, against expectations for a figure of 3.4%. Tomorrow the price data for personal expenses will arrive, the one the Fed is looking at most carefully, meanwhile the signals have significantly slowed down Wall Street and closing Europe in the red. According to investors, the prospect of a reduction in the cost of money is still receding: a cut will not occur before December, indicates the trend of swaps which record the economic slowdown in the presence of persistent inflation.
In the first part of the day, Meta’s quarterly report dictated the pace of the markets. We had this round of quarterly accounts like the one where The markets want to see the results of Big Tech’s investments in AIand from this point of view Facebook’s earnings report is worrying. Weaker-than-expected sales in the current quarter and higher capital spending are the mix the market doesn’t like. TO disappointing is the forecast of revenues between 36.5 and 39 billion dollars, with the midpoint of the range slightly below the consensus $38.2 billion. “Even if Meta will employ artificial intelligence, at the moment it does not seem to be the greatest beneficiary of its adoption”, he summarized at the Bloomberg Jack Ablin, chief investment officer di Cresset Wealth Advisors.
Reasoning that has already made itself felt in Asia with Tokyo down sharply after three positive sessions (-2.1%). Yen under special observation while awaiting BoJ moves, at its lowest since 1990. He is expected in the afternoon the American GDP, also in this case closely watched by the Federal Reserve (which awaits PCE inflation data tomorrow) to guide its next rate choices. Meanwhile from ECB bulletin the prediction emerges “that inflation will fluctuate around current levels, then decline to reach the 2 percent target next year”. The Eurotower will keep “rates restrictive as long as necessary” with a “data-driven approach”, reiterating that it will “not follow a fixed path of reduction” in the cost of money that the market expects from June. From the tensions in the Middle East, the bulletin warns, and from the dynamics of wages, risks for inflation remain, but the pressures should ease.
On Piazza Affari, among others, the accounts of Stmicroelectronics which saw net profit halve in the quarter and lowered its annual revenue and margin estimates.
20:12
EU stock markets end sharply lower
European stock markets closed sharply lower, although they recovered ground compared to the lows reached in the afternoon, in the wake of the negative trend on Wall Street. Paris closed down by 0.93%, Frankfurt by 0.95% and Madrid by 0.48% while London finished higher (+0.48%) thanks to the boost from mining stocks, after BHP’s offer for Anglo American. The American GDP, which grew less than expected, and the PCE deflator, an indicator of the trend of goods and services purchased by American consumers, which grew beyond expectations, weighed on the price lists. A mix of factors that has fueled investors’ concern that the US economy may be entering a period of stagflation.
20:12
Milan closes in the red
Sitting in the red for Piazza Affari, which aligns itself with the trend of European stock market
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RATP offers 1,600 to 2,500 euros JO bonus for metro and RER drivers
Negotiations for bonuses linked to the Olympic Games granted to metro and RER drivers of the Régie Autonome des Transports Parisiens (RATP) ended on Wednesday April 24 with a bonus proposal of 1,600 euros, announced the unions and management THURSDAY. This bonus concerns agents who will work from July 22 to September 8.
It will be supplemented by an “exceptional event” bonus of 44.10 euros per day worked on 12 metro lines as well as the RER A and B during the competition periods of the Olympic and Paralympic Games, which could lead some driving agents to receive 2,500 euros in total. This system concerns 2,000 agents out of the 30,000 who will work during the Games.
The bonus of 1,600 euros will be reduced b
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RATP offers 1,600 to 2,500 euros JO bonus for metro and RER drivers
For the moment, municipalities must welcome third-country nationals again
For the time being, municipalities must continue to welcome so-called third-country nationals and guarantee them the same rights as other refugees from Ukraine. This is what the outgoing Secretary of State for Asylum and Migration Van der Burg writes in a letter addressed to the House of Representatives.
Van der Burg says he is forced to make this decision because the Council of State has referred questions about the matter to the Court of Justice of the European Union. The highest administrative court said today by the European Court to find out when the right of residence of third-country nationals expires. Until a response is received, ongoing proceedings at the State Council are suspended.
Third-country nationals are people who do not have Ukrainian nationality but who have obtained asylum or a permanent residence permit in Ukraine. According to Van der Burg, the renewed reception of this group of refugees will last at least until the European Court has provided an answer. It is not known when this will happen.
“For now let’s clarify”
The Secretary of State informed the municipalities of the decision. Due to ongoing legal procedures, many municipalities no longer knew exactly what to do. Some municipalities stopped welcoming third-country nation
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For the moment, municipalities must welcome third-country nationals again
Lotte Group to Sell Town Complex in Shenyang, China After Eight-Year Delay Due to THAAD Retaliation
Lotte Group has reportedly decided to sell the town complex it was building in Shenyang, Liaoning Province, China, to a subsidiary of Shenyang City. Eight years have passed since construction was halted due to retaliation against THAAD (Terminal High Altitude Area Defense).
According to related industries on the 25th, Lotte signed a stock purchase agreement with Shenyang Huanggosheng Footwear & Repair Co, Ltd, a subsidiary in Huanggo-gu, Shenyang City, to sell the complex town and is proceeding with the procedures related.
Lotte Town, Shenyang, China. / Provided by Lotte Holdings
Shenyang Lotte Comple
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Lotte Group to Sell Town Complex in Shenyang, China After Eight-Year Delay Due to THAAD Retaliation
National Gasoline Prices: Latest Update from AAA on Rising Costs and Impact of Global Events on Oil Market
Gasoline Prices Rise in the US Amid Global Conflict
The American Automobile Association (AAA) has recently announced that the national price of gasoline has increased by four cents since last week, reaching $3.67 per gallon. This rise in cost comes amidst ongoing conflicts in the Middle East and Ukraine, causing fluctuations in the oil market.
Accord
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The next retirement pensions will be paid staggered: here are the dates
2024-04-24 09:20:10
May transfers will not arrive on the same dates as usual.
These are the kind of transfers that are handled like clockwork. But, sometimes, the schedule forces things to shake up. Retirees will see their habits be turned upside down in May because pensions will be paid on different dates than usual. Around 13 million people are affected by these payments which are delayed from the usual schedule.
As every year, pension funds, basic or supplementary, publish a pension payment schedule. Thus, it is possible to know well in advance the date on which the transfers will arrive in your ban
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The next retirement pensions will be paid staggered: here are the dates
Silicon Valley Teen Daughter of Famous Entrepreneurs Missing in California
© ANP / AFP, SAN FRANCISCO POLICE
The sixteen-year-old daughter of two of Silicon Valley’s most famous entrepreneurs has gone missing. Mint Butterfield, the only child of Slack founder Stewart Butterfield and Flickr founder Caterina Fake, has been missing without a trace in the US state of California since Sunday. That’s telling San Francisco Standard.
The teenager was last seen around 10pm in Bolinas, the aforementioned state. Before that, she was at her mother’s home in affluent Marin County. She reported her daughter missing the next morning. Butterfield should be in the Tenderloin area. That are
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Silicon Valley Teen Daughter of Famous Entrepreneurs Missing in California
Meta Fake Investment Ads Lawsuit in Japan: Protecting Consumers from Online Fraud
2024-04-25 19:34:38
AA / Istanbul / Mohammed Yasin Gungor
The Japanese arm of Facebook parent Meta is facing a lawsuit Thursday alleging fake investment ads featuring fake celebrity endorsements.
Four plaintiffs accuse Meta of neglecting its duty to assess the potential harm to customers and verify the authenticity of ads on Facebook and Instagram, according to Japanese news agency Kyodo News.
The plaintiffs are seeking 23 million yen ($148,000) in damages, saying they lost money due to Meta’s negligence.
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Meta Fake Investment Ads Lawsuit in Japan: Protecting Consumers from Online Fraud