Kevin Warsh Blames High Mortgage Rates on Hot Inflation as He Declares a ‘New Chapter’ for the Fed
Federal Reserve Chairman Kevin Warsh acknowledged elevated mortgage rates are holding back the housing market, as he delivered his first congressional testimony since taking office in May. "The economy is solid. Financial markets look like they're in very good condition. But when we look at housing
New York Just Banned Large Data Centers—5 Numbers Explain Why the Backlash Is Spreading Nationwide
Gov. Kathy Hochul will sign an executive order on Tuesday pausing hyperscale data center development in New York, making it the first state to enact such a ban. The order will bar the state from approving permits for projects that use 50 or more megawatts of power for one year while officials develo
Sean ‘Diddy’ Combs Sells $55M Miami Mansion He Tried To Use as Bail Collateral in Sex-Trafficking Case
Disgraced music mogul Sean "Diddy" Combs has finally sold the Miami mansion he once put up as collateral in his failed bid for bail in his sex-trafficking case. It was sold for $55 million while he was behind bars. The 56-year-old's waterfront property became one of the most closely watched celebrit
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