A leading indicator of the health of the housing market is showing signs that the hot housing market may be cooling off. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 4.4% in April from the previous month. The results are a huge disappointment, with analysts expecting a 0.4% increase, according to Bloomberg consensus estimates. And it reverses a pending home sales rebound in March. The NAR… Source link

Federal Reserve officials this week reiterated their support for loose monetary policy and downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at its fastest rate in more than a decade. The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery. Such critics rightly worry about continued… Source link

During his campaign for president, John Delaney once described himself as a “solutions-oriented moderate.” His policy ideas, which were numerous, didn’t gain traction during an election often dominated by more liberal voices. Delaney himself was out of the race by January 2020 but once all was said and done, a fellow moderate — Joe Biden — ended up with the nomination and the presidency. In an interview with Yahoo Finance this week, Delaney, a former Maryland Congressman who now… Source link

Yahoo was a pioneer of the early internet era. Evolving from a human-edited directory of websites, in 1995 Yahoo launched its first search engine – Yahoo Search. By the year 2000 it was the most popular website in the world. Yahoo Search opened up the internet for millions. It was a simple tool that offered anyone with an internet connection a gateway to the sum of human knowledge. But, despite its best efforts, the search engine could not always provide people with the knowledge they were… Source link

Here’s what you need to know about Google One. Sopa Images/Getty Images Google One, formerly known as Paid Google… Source link

Google is ending its unlimited free storage policy on June 1. Sarah Tew/CNET Google Photos will end its unlimited… Source link

Bloomberg Kevin Ulrich Scored a $2 Billion MGM Win. It Only Took a Decade (Bloomberg) — Hedge funds often measure their investments in minutes, not decades; but for Anchorage Capital Group, its long-held stake in Metro-Goldwyn-Mayer Studios Inc. is proving that patience can also be profitable.The New York-based money manager stands to make roughly $2 billion on its investment in the film and TV producer, one that began almost 11 years ago with MGM in bankruptcy court. Amazon.com Inc. agreed… Source link

Google is adding a new “Save to Photos” button to Gmail which you can press to automatically save an emailed image to Google Photos, the company has announced. It’s rolling out to personal Gmail users, Google Workspace, G Suite Basic, and G Suite Business customers over the next couple of weeks and will be available alongside the existing “Add to Drive” button. Unfortunately it only works on JPEGs for the time being. Sorry PNG stans. It’s a good time to be getting a more… Source link

Sarah Cavey, a real estate agent in Denver, was thrilled last fall when Colorado introduced an app to warn people of possible coronavirus exposures. Based on software from Apple and Google, the state’s smartphone app uses Bluetooth signals to detect users who come into close contact. If a user later tests positive, the person can anonymously notify other app users whom the person may have crossed paths with in restaurants, on trains or elsewhere. Ms. Cavey immediately downloaded the app. But… Source link

Derrick Rose clapped his hands, almost rhythmically, as the Madison Square Garden faithful stood in approval, roaring and exhaling at once, finally able to bathe in their basketball cathedral. As long as it’s been for the New York Knicks, it’s almost seemed like a longer wait for Rose to return to this stage and to have a moment that he can appreciate after so many winds, so many turns and so many questions. The Knicks tying their first-round playoff series with the Atlanta Hawks was… Source link