Markets News 

2 powerful forces are working against home affordability

“The supply squeeze and rising mortgage rates are powerful forces working against housing affordability, but homeowners are gaining equity and the economy remains strong” writes Mark Fleming for businessinsider.com. Two dynamics are restricting housing supply this spring, namely an increasing number of homeowners are rate-locked, and the prisoner’s dilemma facing homeowners.The historical average for the 30-year, fixed-rate mortgage is about 8 percent so, even with the expected increase, mortgage rates will still be low by historical standards.For Mark’s full analysis on affordability, the top five states and markets with the…

Read More
News 

Trump’s problem isn’t that he has bad lawyers. It’s that he’s a bad client.

“A penchant for flattery is useful in its place, but it is not an effective tool in a federal criminal investigation” writes Ken White for washingtonpost.com. These are all self-inflicted wounds; any good attorney would advise against them.A good lawyer’s loyalty lies in being ready to give plain-spoken advice that will get you fired if your client’s in the wrong mood.In fact, the federal criminal justice system depends on hubris for prosecutors to prevail when they take on the powerful. Source: washingtonpost.com Share This:

Read More
News 

Ad World’s Most Powerful Leader Martin Sorrell Quits

“In 1985, Sorrell bought a stake in Wired and Plastic Product with the aim of turning the publicly traded British shopping basket maker into a global marketing services company” writes Pavni Mittal for pbs.org. Two years ago, shareholders denounced his nearly $100 million paycheck and the company’s corporate culture, the New York Times reported. Source: pbs.org Share This:

Read More
News 

‘Snow emergency’ as powerful spring storm pounds parts of U.S.

“MILWAUKEE (Reuters) – A powerful spring storm pummeled the U.S. Midwest and Plains on Saturday with blizzard conditions and high winds, while tornadoes and thunderstorms threatened some of the South” writes Midwest Communications Inc for 95kqds.com. As the storm pushed south into Saturday evening, authorities warned that severe thunderstorms could bring gusting winds, flooding and hail. Source: 95kqds.com Share This:

Read More
News Platforms 

NASA may fly humans on the less powerful version of its deep-space rocket

“When humans fly on the rocket for the first time in the 2020s, they might ride on a less powerful version of the vehicle than NASA had expected” writes Apr Edt for theverge.com. The space agency predicted that upgrading the mobile launch platform again would take at least 33 months, or nearly three years.It gave NASA the cash to build a second mobile launch platform from scratch — one that would support the bigger Block 1B version of the rocket.It will have two platforms — one for the smaller SLS…

Read More
Crypto News 

RBC: Bitmain’s new ethereum miner could make a huge dent in Nvidia’s crypto boom

“Specifically, at $800 per card, the E3 is roughly 2.5x more powerful than building a GPU based mining rig with GPU products” writes Finanzen Net Gmbh for businessinsider.com. Bitmain’s newest cryptocurrency mining machine, an ASIC rig called the Antminer E3 announced by the Chinese manufacturer on Tuesday, could make a hefty dent in demand for Nvidia’s GPUs, RBC Capital Markets has warned clients.GPU’s, like the ones built by Nvidia, require more work to set up in a mining rig, are more expensive, and are less powerful.Mining rigs and GPU’s alike…

Read More
News 

Toyota’s 2019 RAV4 gets more trims, power

“Photo credit: LAURENCE ILIFF NEW YORK — Toyota is giving the fifth-generation RAV4 compact crossover a beefier body, more powerful engine and Camry-like range of trim combinations, befitting its status as the new heavyweight in Toyota’s U.S. lineup” writes Laurence Iliff for autonews.com. In addition to a new, more powerful four-cylinder engine and new eight-speed automatic transmission that adds two cogs, the redesigned RAV4 offers new trims when the gasoline model goes on sale late this year and the hybrid arrives in showrooms in early 2019. Toyota provided no pricing…

Read More
News 

March for Our Lives was a powerful, galvanizing moment. We can’t let its momentum fade away

“Second, there is no need for civilians to own such weapons of war as semiautomatic rifles” writes The Times Editorial for latimes.com. Universal background checks for any transfer of a firearm should be an easy law to enact, given that polls have found significant public support for the idea. President Trump has proposed doing that by regulation, but it’s unclear whether his move will pass a court challenge; Congress can and should do it by law.If a ban on such weapons is beyond political reach, Congress should at a minimum…

Read More
News Stocks 

Bank stocks surge after the Federal Reserve raises rates

“Bank stocks were lifted by news that the Federal Reserve had raised rates yet again” writes Kimberly Chin for businessinsider.my. Here’s how some of the major bank stocks reacted after the news:. The Federal Reserve voted Wednesday to lift its federal funds rate by 25 basis points to a range of 1.50% to 1.75%.It marked the sixth time the Federal Open Market Committee has raised rates since 2015.The KBW Bank Index, which measures major banks, rose 1.37% following the announcement. Source: businessinsider.my Share This:

Read More