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Kalshi to collect employment info from customers trading in some high-risk markets9:56 Kalshi will start collecting customer employment information for trading in certain high-risk markets Home sales surge to the fastest pace this year despite rising mortgage rates, prices9:56 Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for the housing market after a lackluster start to the spring homebuying season Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially9:56 Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising costs pose for the Trump administration as midterm elections near Ads in New York must now label AI-generated 'synthetic performers'9:55 New York has implemented a law requiring advertisements featuring AI-generated people to clearly label them as “synthetic performers.” Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved 'issues'3:30 The opening of a Canadian-U.S. bridge across the Detroit River, which President Donald Trump had previously threatened to block, has been delayed due to unresolved issues Appeals court says U.S. government can keep collecting 10% tariffs for now23:48 The U.S. government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday Melania Trump unveils a spinoff of Trump Accounts for foster kids19:31 First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts Average US long-term mortgage rate rises to 6.52%, just below its high for the year18:27 The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started US producer prices rose 6.5% on higher energy prices, largest yearly jump since 202215:15 U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices US jobless aid filings rise to 229,000 last week, remain historically low despite war15:15 U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran Europe's central bank raises rates to fight inflation, the Fed to decide next week15:15 The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war |