A hotter than expected inflation report sent the average 30 year fixed mortgage rate up 12 basis points to 7.30%, abruptly ending four weeks of declines after lower borrowing costs had helped revive mortgage applications.
Condo sellers outnumbered buyers by 123% in September, giving purchasers unprecedented leverage within Redfin’s 13 years of records, while higher ownership costs restrained demand and the nationwide median condo price slipped 0.8% to $339,000.
Democratic control of Congress could bring investigations into Trump’s expanding portfolio of corporate stakes, including Intel and U.S. Steel, while electoral losses may leave some Republicans more willing to support stricter oversight.
Quiet wealth often grows through ordinary decisions involving cars, insurance, investing, additional income, budgeting, taxes and privacy. A survey of U.S. millionaires suggests disciplined financial habits can matter more than status purchases or inherited money.
Torus raised $500 million to manufacture Foundry, a modular system combining battery storage and AI computing. The container sized units can use existing grid capacity at businesses and factories, with installations available within four months.
Christopher Waller put a 50 basis point December increase on the table after inflation exceeded forecasts, while Lorie Logan called for at least two more 25 basis point hikes and suggested policymakers could accelerate tightening this winter.
The White House is standing by Trump’s tariffs despite election losses, persistent inflation and polling showing broad support for repeal, while businesses reorganize supply chains and Democrats prepare a difficult challenge to the president’s trade agenda.
Treasury yields surged after October consumer inflation exceeded forecasts, while Federal Reserve Governor Christopher Waller warned that a 50 basis point December rate increase should be considered if inflation readings remain hotter than expected.
Buc-ee's will open its Murfreesboro, Tennessee, travel center on Nov. 16, capping a busy 2026 expansion year as the company advances into new states while confronting continued scrutiny over its trademark lawsuits.
October consumer inflation exceeded forecasts at both the headline and core levels, pushing Treasury yields higher and leading traders to fully price in a quarter percentage point Federal Reserve rate increase at the December meeting.
Federal Reserve Governor Christopher Waller is leaning toward a December increase and says a 50 basis point move should be considered if October inflation exceeds forecasts, arguing that failure to deliver expected tightening could damage the central bank’s credibility.
Roth accounts can deliver tax free qualifying withdrawals, avoid required minimum distributions and reduce the chance that Social Security becomes taxable, yet only 18% of active workplace plan participants were using them at the end of 2025.
Congress faces a Dec. 11 funding deadline, a looming debt limit confrontation and disputes over military spending, permitting and stock trading as Democrats prepare to take control of both chambers.
Democrats scored a major congressional victory, but election history offers no reliable evidence that Tuesday’s blue wave will carry the party into the White House in 2028, especially as nominees and political conditions reshape presidential races.
Trump publicly urged longtime friend and UFC chief Dana White to become press secretary, but CNN reported White declined as his cryptic photograph behind the White House lectern kept questions swirling about the unusual offer.
Anthropic reportedly secured 1.7 gigawatts of generator commitments from OnePWR Solutions as strong demand for its Claude AI models drives the company to obtain additional computing and power capacity.