Housing demand stalls out as mortgage rates march higher
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Co.” home prices are delaying the American dream for many first-time homebuyers. Last week, demand for housing ground to a halt as mortgage rates neared 7%, locking many potential buyers out of the market ahead of the crucial spring season. Mortgage Bankers […]
Former government officials demand US defund UN agency over allegations workers participated in terror attack on Israel: Report
A coalition of activists and former government officials will permanently defund the United Nations agency over reports that some of its staff took part in recent terrorist attacks on Israel, according to a Monday letter obtained by the agency. He called on Congress to terminate it. Daily Caller News Foundation. A recent letter sent by […]
Estée Lauder slashing up to 5% of workforce on skittish China demand
Estée Lauder plans to cut 3% to 5% of its global workforce as it expands efforts to shore up profits squeezed by Chinese customers cutting back on sales of expensive luxury goods rose 14%. China’s boom after the lifting of pandemic restrictions never materialized, and recent results show mixed demand for luxury goods. While companies […]
EXCLUSIVE: Over 70 Activists, Former Lawmakers Demand Biden Admin End Funding For UN Agency Over Hamas Scandal
More than 70 policy experts, activists, and former members of Congress sent a scathing message to Congress on Monday, warning that the U.S. will stop U.N. relief efforts after several officials were reportedly found to have supported Hamas. They called for the permanent withdrawal of funding from the agency (UNRWA). Letter obtained exclusively by the […]
Family of Michigan woman mysteriously killed in her home demand DNA testing: ‘Dumbfounded’
Megan Drumhiller, a 31-year-old Michigan woman, had just returned home after spending three weeks on vacation with her family when she was found dead on January 28, 2022. More than two years later, there has been little movement in Drumhiller’s murder case, but Drumhiller’s parents are offering a $100,000 reward for information that could lead […]
Mothers of teen social media victims demand action after Senate hearing
Mothers of three whose lives were severely affected by social media’s missteps glared at tech billionaires during an emotional Senate committee hearing on Wednesday. Riley Basford and Grace McComas, both 15, were typical “dumb and stupid” kids who were attending church and starting new jobs until suddenly things took a turn for the worse and […]
Gas prices increase in synch with oil costs and growing demand
One reason gas prices are rising is because more drivers are on the road. (iStock) According to the latest AAA, gas prices rose by a nickel this week due to higher crude oil prices and an increase in motorists as the winter weather thaws. report. According to Energy Information Administration (EIA) data, as oil prices […]
Fat Tuesday in New Orleans brings bakeries huge demand for King Cakes
Carnival season is here in New Orleans, and there are long lines outside local bakeries and inside, employees are selling king cakes, the colorful seasonal dessert that has exploded in popularity over the past few years. It’s buzzing with activity as they work hard to meet customer demand for pastries. “Mardi Gras is the busiest […]
GOP senators demand the FBI ‘repair the damage’ to it’s credibility over anti-Catholic memo debacle
Fox’s first – Following a series of errors surrounding the source of an anti-Catholic memo targeting traditional Catholics as potential “terrorists,” a group of Republican senators has asked the Federal Bureau of Investigation to “repair the damage” to its credibility. ”. The memo, which has since been retracted by its authors at the FBI’s Richmond […]
Mortgage rates dip slightly as demand remains stalled
Dana Peterson, chief economist at the Conference Board, said the leading indicators are great for the commodity economy when it comes to “making money.” Mortgage rates fell slightly this week, but this slight drop is of little consolation to potential home buyers and sellers as demand remains largely stagnant. Freddie Mac’s latest primary mortgage market […]