Mortgage 'rate locks' cost US economy $20 billion: Research

Mortgage 'rate locks' cost US economy  billion: Research

(NewsNation) — High interest rates are preventing homeowners from taking on new mortgages, costing the U.S. economy $20 billion in “deadweight loss” between 2022 and 2023, a working paper by the National Bureau of Economic Research found. Published in August, the paper explores the phenomenon of “mortgage rate locks,” often the product of high interest rates … Read more

Disney World announces 'Cars,' 'Monsters, Inc.' expansions at parks

Disney World announces 'Cars,' 'Monsters, Inc.' expansions at parks

ORLANDO, Fla. (WFLA) — Disney has made a huge announcement regarding several expansion plans coming to three of their four theme parks in the coming years. As part of D23, the company’s three-day fan festival, Disney Experiences Chairman Josh D’Amaro unveiled plans on Saturday for Orlando’s Disney World, along with other Disney parks around the … Read more

Dropped out of Presidential race to avoid becoming a ‘distraction’ for Democrats: Joe Biden

Dropped out of Presidential race to avoid becoming a ‘distraction’ for Democrats: Joe Biden

Washington, US President Joe Biden on Sunday said that he decided to withdraw from the presidential election because he did not want to create “a real distraction” for the Democrats and let them fully concentrate on preventing former president Donald Trump from regaining the White House. In his first interview since ending his re-election campaign … Read more

Hindenburg alleges SEBI chief Madhabi Buch, husband linked to Adani offshore entities

Hindenburg alleges SEBI chief Madhabi Buch, husband linked to Adani offshore entities

Synopsis Hindenburg Research, on August 10, released findings indicating that SEBI Chairperson Madhabi Buch and her husband, Dhaval Buch, had stakes in obscure offshore entities implicated in the Adani group’s alleged money siphoning scandal. The investigative report highlighted previously unknown ties between the Buch couple and offshore funds. Hindenburg stated, “We had previously noted Adani’s … Read more

In TV interview, Joe Biden brands Donald Trump a ‘danger’ to US

In TV interview, Joe Biden brands Donald Trump a ‘danger’ to US

Washington: President Joe Biden, in his first TV interview since dropping out of the White House race, warned that Republican candidate Donald Trump was “a genuine danger to American security.” “Mark my words, if he wins… this election, watch what happens,” Biden told CBS News in a pre-taped interview broadcast on Sunday. “He’s a genuine … Read more

Hindenburg-Sebi knockdown: Full text of Sebi statement on Hindenburg allegations in Adani issue

Hindenburg-Sebi knockdown: Full text of Sebi statement on Hindenburg allegations in Adani issue

Besides two media statements given by Sebi chief Madhabi Puri Buch and her husband Dhaval Buch in their capacity, the regulator has also issued a statement asking investors to stay calm and read the short-seller’s disclaimer. Here is the full text of Sebi’s statement: SEBI takes note of the report published by Hindenburg Research on … Read more

Summer tourists flock to boardwalks and piers while sticking to their budgets

Summer tourists flock to boardwalks and piers while sticking to their budgets

NEW YORK — Small businesses along popular vacation destinations like boardwalks and piers in the U.S. say the number of tourists flocking to the waterfront is back to normal, meaning pre-2020 levels. But while the affluent are spending freely, lower-income vacationers are sticking to carefully planned-out budgets. Sean Bailey, marketing manager of the SkyWheel observation … Read more