House backs measure to shield contraceptive access nationwide
The House passed a Democrats backed bill 228 to 195 urging protection of contraceptive use and access. It would allow civil suits against states violating the provision and covers pills injections implants and emergency methods. Even as the Senate prospects look dim Republicans argued it could raise abortion numbers and mandate provider contraception against beliefs.
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Housing market chills as mortgage rates rise and prices bite
In suburbs around Denver would be buyers like Kyle Tomcak, thwarted by cash overbids and higher rates. The Fed’s rate hikes push 30 year mortgages to about 5.54 percent, shrinking purchasing power and prompting buyers to lower price targets or pause. Mortgage applications drop about 50 percent from a year earlier, signaling a slowing market. Realtors note buyers recalibrate to smaller homes and pricier monthly payments.
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Stocks rise as markets extend winning week on gains
Wall Street closed higher with the S&P 500 up 1 percent, the Dow up 0.5 percent, and the Nasdaq up 1.4 percent led by Tesla and tech shares. Investors weighed inflation, rates policy, and ECB moves while Biden tested positive for COVID. The S&P 500 stood at 3,998.95 as it extended a three day streak, with mixed US data showing softening manufacturing and rising unemployment claims.
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American Airlines posts 2Q profit of 476 million on record revenue
American Airlines earned 476 million in the second quarter on record revenue from summer travel. It plans to stay profitable in Q3 despite rising fuel costs and crew shortages. Flights were canceled and scheduling tightened after hiring pushes and pilot shortages at regional affiliates. Heathrow crowding and flight restrictions constrained operations and forced rerouting.
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Dallas
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Robert Isom
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Isom
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Nate Gatten
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