Housing market update shows slowed growth and inflation pressures
The Commerce Department reports weaker housing activity and slower consumer spending in April. Economists expect inflation to persist, with the price index and spending data showing cooling pressures before potential Fed action. The report notes higher borrowing costs and housing costs, signaling continued concern about a possible recession in 2023.
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Commerce de
Federal F
Commerce Department
U.S
Federal Reserve
Fed Insight
Debt talks stall as McCarthy calls for pause
In a sharp turn, debt limit negotiations halted after Republican House Speaker Kevin McCarthy urged pausing talks, signaling little White House movement and renewing political pressure amid the budget impasse.
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Kevin McCarthy
Wall Street ends week with slight drop as Dow dips
Wall Street closed lower extending the week’s gains, with the S&P 500 down 0.1 percent, the Dow Jones Industrial Average down 109 points or 0.3 percent, and the Nasdaq composite down 0.2 percent amid ongoing talks affecting Flowers Foods and Farfetch FLO.
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Wall Street
Flowers Foods
Shooting disrupts lives of two families after back yard gunfire
Shyneisha Hill recounts a drive by shooting in which Sir'Antonio Brown was hit while playing with Qwa Mayne Frazier and friends across the street from their homes. Sir'Antonio, a kind, athletic boy, is remembered as a gentle, churchgoing classmate while his mother and godmother describe the impact and fear of suspects still at large.
MENTIONED IN THIS ARTICLE
Qwamayne Frazier
Sir’Antonio
Sir
Hill
Shyneisha Hill
Sir Antonio Brown
Antonio
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