June U.S. existing home sales fall amid high rates and prices
U S existing home purchases declined 5.4 percent in June to a 3.89 million annual pace, the fourth straight drop, while prices rose 4.1 percent from a year earlier to a record 426,900. Inventory rose to 1.32 million, a 4.1 month supply, signaling a potential shift toward a buyers’ market despite strong demand. Lawrence Yun of the NAR cited increased inventory but lagging sales.
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Wall Street steadies as earnings season picks up pace
U.S. stocks held steady on a calm Tuesday with the S&P 500 down 0.2 percent to 5,555.74 and the Dow slipping 0.1 percent to 40,358.09 while the Nasdaq eased to 17,997.35. Russell 2000 rose about 1 percent as investors priced in rate cuts. major movers included UPS, Nvidia, Comcast, GE Aerospace, Zions Bancorp and Sherwin-Williams amid mixed results and expectations for Fed rate cuts in September.
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Ford Foundation legacy runs deep in Walker era
Darren Walker steps down as Ford Foundation president on Jan 1, 2026 after leading since 2013. He reshaped the foundation toward equity, disability rights, and feminist global initiatives while backing a $100 million anti mass incarceration program with Agnes Gund. His Detroit grand bargain bets and reconciliations with the Ford family marked a bold, lasting influence on philanthropy.
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FAA tightens oversight of Southwest amid safety concerns
The FAA increases supervision of Southwest Airlines after multiple incidents including unusually low flights away from airports and a closed runway departure. Southwest forms a joint safety team with its union and the FAA. The moves come as Boeing and United face scrutiny and NTSB investigates a Dutch roll incident. GM reports stronger quarter with net income up 15 percent and record vehicle sales.
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the Market IN Review
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