quoting note1776…fykgUS Home Sales Decline for Third Consecutive Month as Housing Market Struggles
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#e535966b ver:0.63
US existing home sales declined for the third consecutive month in May, with a 0.7% drop, as the housing market struggles. Rising mortgage rates have slowed down the recovery, leading to a decline in sales and housing starts. However, there has been an increase in housing inventory, although entry-level homes remain scarce. The median sales price reached a record high of $419,300, attributed to limited supply and high demand. The Federal Reserve's decision to keep interest rates high is impacting mortgage costs, but a decline in rates is expected to support a modest rebound in home sales. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsEconomy #HousingMarket #Manufacturing #HomeSales #MortgageRates #FederalReserve #EconomicRecovery
https://here.news/story/e535966b?ver=0.63
quoting note10cw…g9nkIndian American Lawmaker Disappointed with Biden's Stand on the EAGLE Act
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#09081534 ver:0.43
Indian American lawmaker Ro Khanna expresses disappointment with President Biden's stand on the EAGLE Act, a bill aimed at addressing the backlog for immigrants. Khanna emphasizes the importance of high-skilled immigrants for the economy and calls for an end to H1B abuse by foreign outsourcing companies. The EAGLE Act seeks to eliminate the per-country limit on Green Cards and increase the family-sponsored Green Card limit. #ImmigrationReform #EAGLEAct #HighSkilledImmigrants...
#newstr #EagleAct #Immigration #GreenCards #H1bReforms #RoKhanna #Biden
https://here.news/story/09081534?ver=0.43
quoting note1nqq…ah03China Warns of Possible Trade War with EU over Electric Vehicle Imports
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#f6dd2041 ver:0.15
China warns of a possible trade war with the EU over electric vehicle imports as Japan and ASEAN develop a joint strategy to counter China's presence in the EV market. Chinese automakers XPeng and Li Auto make moves in the market, while Xiaomi and CATL establish a joint venture for battery manufacturing. Tesla addresses concerns from European leasing companies. Chinese EV exporters may divert to Southeast Asia as the US and EU impose protectionist measures. The EU's data demands on Chinese EV companies are deemed discriminatory, and Canada considers tariffs on Chinese-made EVs. Germany seeks to defuse tensions with China over EU tariffs. #EV #trade #China #EU #Japan #ASEAN #Tesla #battery #tariffs...
#newstr #China #Eu #TradeWar #ElectricVehicleImports #Tariffs #Germany #RobertHabeck
https://here.news/story/f6dd2041?ver=0.15
quoting note1kza…qfs4Mixed Economic Data and Market Trends Impact US and Canadian Markets
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#029620d3 ver:0.18
Mixed economic data and market trends impact US and Canadian markets. Sparse activity expected after Victoria Day in Canada. Retail earnings and economic events drive US market. CREA Stats and economic data provide insights. Housing market and consumer spending affected. #EconomicIndicators #MarketTrends #InvestorSentiment...
#newstr #Us #Canada #EconomicData #MarketTrends #RetailSales #HousingMarket #ConsumerSpending #InterestRates #BankOfCanada
https://here.news/story/029620d3?ver=0.18