March U S home sales tally points to slower demand
The Commerce Department reports March U S home sales likely at a 764 500 seasonally adjusted annual rate, easing from February’s 772 000. Demand for new builds stays strong amid tight supply of existing homes, while higher rates and prices strain affordability for buyers. PepsiCo reports Q1 earnings and revenue up from a year earlier as price increases offset higher costs and inflation pressures.
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Musk to buy social media firm for about 44 billion
Tesla CEO Elon Musk plans to acquire the social media company for roughly 44 billion dollars, with the deal valued at 51.70.42.77 or 5.7 percent implied in the terms.
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Kansas Tax Cuts and Rebates Shape 15 Month Debate
Kansas lawmakers push plans to cut income, sales and property taxes by 1.5 billion over three years while Republicans move to phase out grocery sales tax over three years starting Jan 1. Gov. Laura Kelly challenges GOP moves, citing past vetoes and urging thoughtful policy amid rising costs.
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