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Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18? Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Mortgage rates are falling again this week as investors — already convinced that…

New cars of various brands are parked for export on the parking of a car terminal at the harbour of Duisburg, western Germany, on August 7, 2024.Ina Fassbender | Afp | Getty ImagesGermany’s car industry was once recognized around the world for its high-quality, innovative combustion engine cars. Owning a German car was a luxury and status symbol. And carmakers were thriving, boosting the country’s economy.But the picture has since become bleaker.The latest example are the developments at Volkswagen — which earlier this week said it was no longer able to rule out plant closures in its native Germany and…

At least 17 pupils have died after a school in central Kenya caught fire on Thursday night, police said. There are fears the death toll could rise as more than a dozen others have been taken to hospital with severe burns. The cause of the fire at Hillside Endarasha Primary in Nyeri county is not yet known.President William Ruto called the fire “horrific” and “devastating”, and has ordered an investigation.”Those responsible will be held to account,” Mr Ruto wrote on social media.A team of investigators has been deployed to the school, police said. Police spokesperson Resila Onyango told the AFP…

The wait is over for football fans. Tonight, the 2024-25 NFL regular season kicks off with the Kansas City Chiefs taking on the Baltimore Ravens at Arrowhead Stadium. After a stunning 2023-24 regular season, Lamar Jackson and the Ravens seemed destined for the Super Bowl last year before none other than the Chiefs knocked them out of the running in the AFC Championship game.Watch NFL Games on SlingAs reigning Super Bowl champions, the Chiefs will be campaigning hard this season to hang onto their title and go for a three-peat. But with the competition even stiffer than it was last…

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. Buyers using FHA loans often face stigmas and cannot use many of the competitive strategies commonly utilized by conventional borrowers and cash buyers, according to a recent report from the CFA.  “As first-time homebuyers and homebuyers of color disproportionately rely on FHA, the stigma of this mortgage product makes it even harder for them to buy a home,” according to the report authored by the CFA’s Sharon Cornelissen and Austin…

The “Shark Tank” star made the pronouncement in an X post on Thursday, referencing the term coined by Y Combinator cofounder Paul Graham.Graham published a titular essay on the subject on Sunday. In it, he contrasted the hands-on approach taken by founders with the delegative nature of managers.”Hire good people and give them room to do their jobs. Sounds great when it’s described that way, doesn’t it? Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground,” Graham wrote…

Republican presidential nominee tells Jewish donors that his Democratic rival would ‘totally abandon’ Israel.Israel will cease to exist if United States Vice President Kamala is elected to the White House in November, former President Donald Trump has claimed. Addressing Jewish donors in Las Vegas, Nevada, on Thursday, the Republican nominee claimed that Harris would “totally abandon” Israel as president and that “terrorist armies” would wage war to “drive Jews out of the Holy Land”. “You are going to be abandoned if she becomes president, and I think you have to explain that to your people. Because they don’t know it.…

Tom Selleck is sporting an “unrecognizable” new look. Well all knew that big changes were coming for Tom Selleck in the wake of Blue Bloods‘ cancelation. One thing that no one expected to change for the almost-80-year-old actor was his iconic mustache. His new facial hair situation has the TV acting legend looking nearly unrecognizable. That’s unexpected for one of the most distinct famous faces of the past 40 years. Tom Selleck visits the Build Series to discuss his show “Blue Bloods at Build Studio on September 29, 2017. (Photo Credit: Jamie McCarthy/Getty Images) What is Tom Selleck’s ‘unrecognizable’ new…

 Office workers cross the street at lunch time near Tokyo Station on Oct. 20, 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty ImagesAsia-Pacific markets mostly fell on Friday as investors brace for a crucial jobs report from the U.S. and digested household spending data from Japan.Japan’s household spending data for July rose 0.1% in real terms from the previous year, compared to a 1.2% rise expected from economists polled by Reuters, and a reversal compared to a 1.4% fall in June.Data from the country’s statistics bureau said the average household monthly expenditure for July 2024 was 290,931 yen…

The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from a Canadian rival.In a letter addressed to the Circle K owner Alimentation Couche-Tard (ACT), Seven & i Holdings said the Canadian company’s offer “grossly” undervalued the company and was fraught with regulatory risk.The 7-Eleven owner added, however, that it remains open to negotiations and ready to consider a better proposal.ACT did not immediately respond to a BBC News request for comment.”The Special Committee believes that your proposal is opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues we see to…