Author: Editor

Two different reads on the housing market released Thursday point to the same problem, one that appears to be getting worse. Housing is just too expensive — to own and to build. Pending home sales in June, a measure of signed contracts on existing homes, fell 5.4% from May, according to the National Association of Realtors. Sales were down 0.3% from June 2025 and were well below analysts’ expectations.This read is based on people out shopping for homes in June and making the decision to sign a deal, so it is the most timely measure on the state of the…

A person cleans the teleprompter before President Trump spoke at a conference in Miami Beach, Fla. on March 27, 2026. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images Federal regulators are in settlement talks with President Trump’s longtime teleprompter operator, who is alleged to have made nearly $100,000 on the prediction market site Kalshi, according to two people with knowledge of the probe who were not authorized to speak publicly. He is suspected of profiting off of his access to the president’s prepared remarks on a type of betting on Kalshi known as “mention markets,” where people wager…

Beware the AI in-unit washer/dryer.New York Mayor Zohran Mamdani announced a slew of new tenant-protection proposals on Thursday, the result of his “Rental Ripoff Hearings” earlier this year. The plans included solutions for black mold, fire concerns — and a growing AI problem.New York will now require real estate agents and listing sites to disclose the use of AI or digitally altered images and video in “misleading rental listings,” Mamdani announced. “You shouldn’t have to worry whether the apartment you are viewing online is real.”Then, Mamdani took a crack at one of New York’s leading apartment listing sites: “It’s called…

In an aerial view, the Netflix logo is displayed at a company office on May 12, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesNetflix is set to report quarterly earnings on Thursday as the media industry faces consolidation, spinouts and intensified competition. Here’s how Netflix is expected to perform for the period ended June 30, according to estimates from analysts polled by LSEG:Earnings per share: 79 cents estimatedRevenue: $12.59 billion estimatedWall Street has been particularly interested in the progress Netflix has made with its cheaper, ad-supported tier — a theme that’s likely to carry into the second quarter. As streaming…

Hedge funds have never stood still, but the constant search for an incremental edge — over the market, over their peers, over the machines — is getting more harried.The world’s biggest managers, with the deepest pockets, have always sought information no one else has. The hunt has spawned entire industries, such as expert networks and alternative data vendors, that promise to give funds’ portfolio managers a leg up on the competition. In recent years, the ongoing talent war has been driven by funds looking to hoard the best traders.Now, firms are increasingly turning to ideas from outside their walls.Funds are…

President Donald Trump (L) and Sen. Elizabeth Warren (D-MA).Reuters | Getty ImagesSen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration’s overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency.In a report shared first with CNBC, Warren said most of that figure comes from moves the CFPB has taken under acting director Russell Vought to roll back rules capping credit card and overdraft fees.The report comes as Vought faces a Senate oversight hearing Thursday on those and other actions, including dismissing enforcement…

When I was making a big jump from agency life to client-side work many years ago, I was elated by the offer. It was a higher base salary plus much more in an annual and long-term bonus plan.I discussed the offer with my mentor over dinner at a seafood restaurant on the Chicago River.”Never take the first offer,” he insisted. At 30, I was surprised by his advice and terrified that if I went back asking for more, the company might rescind the offer and tell me to buzz off. I asked him how to approach what I thought was…

This as-told-to essay is based on a conversation with Max Fricke, founder of HuggleTales. It has been edited for length and clarity.My 3-year-old son loves listening to stories I’ve made up for him. So when I travel, which I do frequently for work, we both miss out on our bedtime routine of creating stories.I was on a monthlong trip when I had an idea: what if I could create an AI that could replicate my voice and tell my son the stories he loved so much?I’m creative, but like many parents, I am also tired. On that trip, I was…

Jensen Huang came to Tokyo bearing gifts: a slew of AI and robotics partnerships for Japan’s tech industry, and red bean buns for the crowd.On Wednesday, the Nvidia CEO visited a red-lantern izakaya, a traditional Japanese bar, in Tokyo’s Kanda district, where a crowd gathered outside hoping to glimpse “kawa-jan” — “leather jacket” — as he’s affectionately known in Japan. The Nvidia CEO turned snack distributor in Tokyo.  Tomohiro Ohsumi/Getty Images The trip’s centerpiece, announced Thursday, is a partnership with Noetra Corp, the state-backed AI developer formed by SoftBank, NEC, Sony, and Honda, to build a 27,500-GPU “AI factory” billed…

Warren Buffett wants to give away virtually all of his nearly $150 billion fortune within the next nine years. He should donate some of that money to Trump Accounts, Brad Gerstner says.”Buffett is the greatest investor of all time – synonymous w the American Dream,” Gerstner, Altimeter Capital’s founder and CEO and the architect of the Trump Accounts initiative, said in an X post this week.”So as he considers donating all of his Berkshire shares by 2034 – along w Howard, Susie & Peter – there could be no more fitting legacy on this 250th anniversary of America than sponsoring…