Mortgage applications fall 5% despite rate decline

Mortgage Applications Fall 5% Despite Rate Decline The housing market is presenting a confusing picture for economists and potential buyers alike. New data shows a surprising 5% weekly drop in mortgage applications, even as average interest rates saw a slight decline. The Core Contradiction: Lower Rates, Fewer Applications Typically, a dip in mortgage rates acts…

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SPEED Act passes in House despite changes that threaten clean power projects

In a move that has electrified proponents of infrastructure development and alarmed environmental advocates, the U.S. House of Representatives passed the “Streamlining Permitting to Enable Energy Deployment” (SPEED) Act. Touted by its supporters as a long-overdue remedy for America’s cripplingly slow project approval process, the legislation aims to radically accelerate the construction of everything from…

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Shipping containers on a train at a port.

China’s Trade Surplus Tops $1 Trillion After Exports Rebound

China’s Record Trade Surplus China’s trade surplus exceeded $1 trillion for the first time despite a deepening plunge in shipments to the US. This risks a significant backlash from markets flooded by goods from the world’s biggest manufacturing nation. Image: fish shoto / UnsplashSource: Bloomberg Key Implications The massive surplus highlights a major economic divergence,…

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people walking on street near high rise buildings during daytime

China’s Exports to US Plunge 29% in November Despite Trade Truce Hopes

China’s exports to the United States plummeted 29% in November, extending a prolonged double-digit decline that underscores persistent tensions in the world’s most critical trade relationship. The sharp drop comes despite ongoing diplomatic efforts to stabilize bilateral commerce and marks one of the steepest monthly declines in recent years. However, Chinese manufacturers demonstrated resilience by…

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