Housing market concerns begin to emerge
CNN
The housing market is still red hot. But there are growing concerns about how much longer this strength can last.
Home Depot (HD) reported earnings and sales that topped Wall Street's forecasts Tuesday. Lowe's (LOW) also reported better-than-expected earnings and sales on Wednesday morning, and CEO Marvin Ellison said in a statement that sales were lifted thanks to "broad-based demand driven by the continued consumer focus on the home." Still, rising interest rates could eventually be a problem for Home Depot and Lowe's. Even though the Federal Reserve is expected to keep its key short-term rate near zero for the foreseeable future, longer-term bond yields have started to spike. And mortgage rates are influenced more by the 10-year Treasury than Fed rates.
President Donald Trump’s brief and aggressive attempt to corral an international coalition to police the Strait of Hormuz concluded in disappointment on Tuesday.
House Oversight Chair James Comer on Tuesday issued a subpoena to Attorney General Pam Bondi to appear for a deposition on April 14 as part of the panel’s Jeffrey Epstein probe.
President Trump’s latest comments about the Iran war make him look out of the loop and unprepared.
Travelers are experiencing long security lines at a number of airports as TSA workers continue to work without pay. Follow for live updates.
A senior US intelligence official appointed by President Donald Trump abruptly announced he is stepping down from his post on Tuesday, citing misgivings about the administration’s war with Iran.
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Polling suggests the idea of US troops on the ground in Iran is a complete nonstarter for Americans overall — and even a tough sell for the GOP base.
Facing deadly Iranian drone attacks across the Middle East, the US military has been rushing defensive systems into the region while adjusting to a threat that has come to dominates modern battlefields and carries echoes of a weapon that haunted service members during the 20 years of the war on terror.
In his early days in Congress, Markwayne Mullin tried pairing his suit jacket and tie with a pair of jeans on the House floor. Then-House Speaker John Boehner reprimanded the young Republican for breaking the dress code.
As President Donald Trump rachets up the pressure on Cuba’s communist-run government and threatens a US “takeover” of the island, he frequently repeats a central promise: that decades after they left, Cuban exiles will soon be able to return to their homeland.
The first two weeks of the Iran crisis have demonstrated military dominance by the US and Israel, with asymmetrical responses from Iran. How this plays out over the coming weeks will determine the outcome.
Utah mother Kouri Richins was found guilty of murder and all other charges in the 2022 death of her husband, Eric Richins, who died of a lethal dose of fentanyl.
The Virginia man accused of planting two pipe bombs in Washington, DC, the night before the 2021 US Capitol riot asked a federal judge on Monday to dismiss his case, arguing that President Donald Trump’s expansive pardon of January 6 rioters applies to him.