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Mortgage Rates Hover at 7.4%, Highest Since 202318:14 The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans. Data Centers Become Targets in Wars in Ukraine, Russia and the Middle East17:42 Military forces have sought to damage the computing hubs that power online services and artificial intelligence systems. California’s Proposition 45 Brings the Sprawl Debate Back17:42 Among the measures up for a vote in November is one that would amend the state’s landmark environmental law and make it easier to build large housing developments outside cities. Homeownership Drifts Further Out of Reach as Mortgage Rates Rise17:42 Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers. Midterms Could Shift Focus of Epstein Abuse to Banks’ Role15:34 With an eye on retaking control of Congress, Democrats are introducing a bill that would hold banks accountable for their handling of Jeffrey Epstein’s finances. Shook Research Changes Name to Veritant After Forbes Scandal15:02 The company, known for its rankings of wealth advisers, sped up a rebranding after its founder acknowledged a secret $6 million payment to the top editor of Forbes. The Fallout From the ‘Neocloud’ Wipeout15:02 Investors are newly worried about the health of artificial intelligence infrastructure companies like CoreWeave. That’s weighing on the wider A.I. industry. Tech Stocks Plunge as Doubts Over A.I. Spending Intensify12:23 Tech stocks plunged, led by a steep drop in South Korea’s benchmark index, as concerns over soaring A.I. spending and stubborn inflation fueled a sell-off. Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady11:16 Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed. Chinese Carmakers, Once a Sideshow, Take Center Stage at Paris Motor Show11:16 At this week’s Paris Motor Show, there are no signs the influx of low-cost Chinese vehicles will slow despite European Union efforts. Tesla Debuts 2026 Roadster, an EV Sports Car at Least $200,00011:16 Elon Musk’s company and other automakers, like Jaguar and Bentley, are trying to sell very expensive electric cars to people who usually prefer gasoline-fueled luxury and performance. Families of Sailors Killed in Gulf Struggle for Compensation and Closure11:16 Attacks near the Strait of Hormuz have claimed the lives of at least 25 seafarers. Their survivors are reeling. Battle Over the Pierre Ends in Defeat for the Buyer Pushed by Lutnick23:35 Motasem Khashoggi, who hails from a prominent Saudi family, missed a Tuesday deadline to deliver a $100 million deposit to purchase the Manhattan landmark. Energy Department Order Takes Aim at Mid-Atlantic Blackout Risk21:26 The order as a precaution allows grid operators to use backup generation this week. There were no widespread outages reported. |
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