Bessent Says the K-Shaped Economy Is Over—Housing Tells a Different Story
The K-shaped economy is “over,” according to Treasury Secretary Scott Bessent. “I got sick of hearing about this K-shaped economy,” Bessent said in an appearance on CNBC’s "Squawk Box." “I can say here definitively, the K-shaped economy is over.” The term describes an economy in which segments of th
NFL Player Sauce Gardner Sues Contractor for $1.4 Million Over Failed Renovation of Abandoned Detroit Building
Indianapolis Colts star Sauce Gardner has filed a lawsuit against a Michigan construction company—claiming that the business failed to carry out renovations to a $935,000 abandoned apartment building in Detroit, despite receiving a $500,000 deposit to secure its services. The NFL athlete—whose real
Mortgage Rates Predicted To Rise Before Settling Back to 6.5% Next Year
Rising rates are weighing on the housing market, and the uncomfortable levels above 6% might be here for the medium term, capital markets firm Optimal Blue estimated in its latest report. The 30-year fixed-rate mortgage has been on a steady upward march for six weeks—hitting 6.69% last week, up from
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