Demand for mortgages was down last week, even though rates inched lower for potential homebuyers. The number of houses up for sale remains low.
Share:
More In Business
Top Business Stories: Starbucks Strike, Logitech's Unexpected Trouble & CarMax Roars
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Wall Street Drops Again as Oil Prices and Stocks Worldwide Slide
Another drop for stocks on Friday has Wall Street on track to close out its first losing week in the last six.
Starbucks Union Calls Strike over Pride Displays, but Company Calls It a Misinformation Campaign
Workers at 150 Starbucks locations will strike in the coming week over what their union says is a clash over decor supporting LBGTQ+ causes, but the company denies it's banned any such displays and accused the union of using misinformation as a tactic in labor talks.
About 7.5 Million Baby Shark Bath Toys Recalled After They Cut or Stabbed Children
About 7.5 million singing and swimming “Baby Shark” bath toys are being recalled after multiple lacerations and puncture wounds were reported in children playing with them.
Bud Light Rolls Out New Ad Campaign
Bud Light has rolled out a new ad campaign, weeks after protests over the company's partnership with trans influencer Dylan Mulvaney.
3M Reaches $10.3 Billion Settlement
3M Co. reached a $10.3 billion agreement to settle lawsuits that claimed toxic chemicals had contaminated drinking water across the country.
Overstock.com Wins Bid for Bed Bath & Beyond Assets
Overstock.com has won the bid to buy Bed Bath & Beyond IP and digital assets.
Existing U.S. Home Sales Down 0.2% In May vs. April
Sales of existing homes rose just 0.2% in May from April and down over 20% from a year ago.
Fed Chair Jerome Powell Predicts Further Rate Hikes
In his second day of testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell reiterated that the board is considering more interest rate hikes.
