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- WorldUnited Press International
Once-in-100 year temperatures in Sahel, West Africa impossible without man-made warming, study finds
A extreme once-in-a-century heatwave in Africa's Sahel and western regions that saw temperatures soar to a high as 48.5 degrees Celsius at the end of March and early April was caused by human-induced climate change.
4 min read - BusinessReuters
Fed to cut rates in September and maybe once more this year: Reuters poll
The U.S. Federal Reserve will wait until September to cut its key interest rate, according to a majority of 100 economists polled by Reuters, with half saying there will be only two cuts this year and only about a third forecasting more. Fed Chair Jerome Powell also said on Tuesday "the recent data ... indicate that it's likely to take longer than expected to achieve that confidence" that inflation is falling back to the U.S. central bank's 2% target, remarks that dimmed hopes for rate cuts any
4 min read - BusinessInsider Monkey
Does Bassett Furniture Industries, Incorporated (BSET) Have a Compelling Risk/Reward Opportunity?
Merion Road Capital, an investment advisor, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, Merion Road Small Cap Fund returned 4.9% compared to 5.0% for the Russell 2000 Index. The long-only portfolio of Merion Road rose 12.9% during the quarter compared to a […]
3 min read - BusinessReuters
US existing home sales drop in March; median price increases
U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Home sales dropped 4.3% last month to a seasonally adjusted annual rate of 4.19 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales slipping to a rate of 4.20 million units.
3 min read - WorldUnited Press International
Qatar is conducting a 'comprehensive evaluation' of its Gaza mediation role
Qatar's Prime Minister said Wednesday he is reassessing his country's mediation role to end the Gaza war and release the hostages because some are politically exploiting the efforts and defaming Qatar's role.
2 min read - BusinessAssociated Press Finance
Starbucks is introducing a cold drink cup made with less plastic
Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in. The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that contain up to 20% less plastic. Amelia Landers, Starbucks’ vice president of product innovation, said the Seattle-based company spent the last four years developing the new containers.
3 min read - BusinessAssociated Press
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. Existing home sales also fell 3.7% compared with March last year.
3 min read
