Recent data has illuminated a fascinating trend in the U.S. housing market, highlighting the convergence of prices between existing single-family homes and newly built residences. In June, the median price for existing single-family homes, which excludes newly constructed properties, stood at $416,000. Intriguingly, this figure aligns closely with

The U.S. Health and Human Services Department has suggested a reclassification of marijuana to a lower-risk drug category, a move that could potentially ease restrictions on the cannabis industry, according to a Drug Enforcement Agency (DEA) spokesperson's statement to CNBC on Wednesday. Currently categorized as a Schedule

The Biden administration has imposed restrictions on the sale of Nvidia's key microchips to the Middle East due to growing concerns about China's access to critical artificial intelligence (AI) resources. Nvidia, valued at $1.2 trillion, has been directed to obtain permission before exporting certain chips

New York City officials have unveiled a contingency plan to ensure that students can get to school in the event of a school bus drivers' union strike. The plan involves providing alternative transportation options, including ride-sharing services like Uber and Lyft, as well as MetroCards for public transportation. Chancellor

Amazon CEO Andy Jassy has communicated a firm stance on the company's return-to-office policy, stating that employees who defy the mandate to work in the office for at least three days a week might find it challenging to continue their employment with Amazon. Jassy's remarks were

A recent report by Australian workplace sensor provider XY Sense has revealed that over a third of office desks across the globe remain unoccupied throughout the entire workweek. This trend is prompting discussions about the adequacy of current workplace designs, particularly as companies grapple with the challenge of encouraging employees

In the first half of this year, a mere 1% of all US homes underwent a change of ownership, marking the lowest proportion in at least ten years, as per data from Redfin. Merely around 14 out of every 1,000 existing homes transitioned from one owner to another during

A U.S. judge has denied Burger King's attempt to dismiss a lawsuit alleging that it deceived its customers by presenting its Whopper sandwich as larger than it truly is. U.S. District Judge Roy Altman in Miami has ruled that Burger King must face allegations that its

The United States has unveiled a fresh package of military support for Ukraine, encompassing additional air defense and artillery munitions, mine-clearing equipment, and medical vehicles. This comprehensive aid bundle features additional mine-clearing tools, air defense missiles, artillery ammunition, HIMAR (High Mobility Artillery Rocket) systems, and over three million rounds of

The FBI has amassed an astonishing 21.7 million DNA profiles, which is approximately 7 percent of the entire U.S. population, as per data reviewed by The Intercept. To manage its DNA catalog, the FBI is seeking a significant increase in its budget. It aims to nearly double its

Elon Musk has made the decision to transform X (formerly known as Twitter) into an "everything app" that offers a range of functionalities. This includes integrating a payment hub processor within the microblogging social network, along with other tools from its ecosystem. Musk has also previously emphasized that

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, announced on Monday that he is entering the race as an independent candidate for Taiwan's presidency in the 2024 elections. Having stepped down as Foxconn's chief in 2019, Gou initially pursued the presidency in that

China Evergrande Group tumbled by up to 87% in Hong Kong trading after a 17-month suspension, plummeting to penny stock status, as the heavily indebted developer revealed further losses and postponed creditor meetings. As of the midday pause on Monday, the company's value shrank to HK$0.35,

Former President Donald Trump has amassed almost $20 million in the past three weeks, a timeframe that aligns with his indictment in federal and state cases linked to his allegations of election fraud, according to his campaign spokesperson on Saturday. Within this period, including after the release of his mug

China has taken steps to boost investor confidence in its economy, including cutting a tax on stock trading for the first time since 2008. This move comes as foreign investors have been selling off Chinese stocks due to concerns about the country's economic prospects. The stamp duty on

China Evergrande Group, the heavily indebted property developer, has reported a narrower net loss for the first half of the year due to an increase in revenue. The company posted a loss of 33 billion yuan ($4.53 billion) for the first six months of the year, compared to a

Jaime Dimon said that he is sorry for banking with Epstein, after JPM settled with the US government on these charges. A US judge has granted preliminary approval to JPMorgan Chase's $290 million settlement with women who accused Jeffrey Epstein of abusing them and claimed that the bank

The theatrical release of Warner Bros.' movie "Barbie" has achieved a domestic box office gross of $575.4 million, with a recent earning of $2.55 million. This makes "Barbie" the highest-grossing movie for Warner Bros. in terms of domestic box office earnings, surpassing the

Toronto-Dominion Bank has revealed that it is receiving inquiries from regulators and law enforcement agencies regarding its compliance with anti-money laundering rules. This includes requests related to an investigation by the US Department of Justice. The bank made this disclosure in its third-quarter financial results, indicating that it may face

Texas officials are issuing warnings of potential rolling blackouts due to a severe heatwave that is affecting the central US. The Public Utility Commission has indicated that there is a "high potential" for declaring an energy emergency as the combination of unusually low winds and high demand from

Two school districts in eastern Kentucky have made the decision to cancel in-person classes due to a surge in illnesses, including Covid-19, respiratory viruses, and strep throat among students and staff. The Lee County School District, with about 900 students, reported a significant decrease in attendance due to various illnesses,

President Biden commented on former President Trump's mug shot, showing his typical candid style, during a press interaction. Trump was booked in Fulton County, Georgia, after being charged with 13 counts related to his efforts to overturn the state's 2020 election results. When asked about Trump&

Two recent polls have highlighted the significance of student debt as a pressing issue for many Americans, especially as monthly payments resume and borrowers can no longer rely on President Joe Biden's forgiveness plan, which was struck down by the Supreme Court. A Bankrate poll revealed that around

A recent study conducted by the American nonprofit research organization, the National Bureau of Economic Research, has found that individuals who work from home might be less efficient than their counterparts working in traditional office settings. The research focused on the productivity of data-entry workers in Chennai, India, who had

Rates for the most popular type of U.S. home loan have reached their highest level since 2001, as reported in Freddie Mac's weekly mortgage market survey. Specifically, the average 30-year mortgage rate climbed to 7.23% this week, marking the highest level in more than two decades.