Today's Picks

Most Recent

Jim Koch’s Mission: Empowering Overlooked Entrepreneurs and Elevating the Craft Beer Industry

Jim Koch, the founder of Boston Beer Company and creator of Sam Adams, has been providing loans to food and beverage entrepreneurs who are...

Most Recent

Trending

Important

South Korea Weighs Arming Ukraine Amid Russia-North Korea Pact Concerns

South Korea has indicated a potential shift in its foreign policy by considering the option of sending arms to Ukraine. This significant move comes in response to a newly forged pact between Russia and North Korea, wherein the two nations committed to mutual military support in the event of an invasion, a development that has reverberated across regional and global security landscapes. The agreement, signed by North Korean leader Kim Jong Un and Russian President Vladimir Putin during a summit in Pyongyang, encompasses not just security but also extends to trade, investment, and cultural ties. It represents a notable strengthening of relations between Moscow and Pyongyang, marking their closest alignment since the Cold War. This alliance is seen...

U.S. Home Sales Hit 30-Year Low Amid Rising Mortgage Rates and Surging Prices

According to the National Association of Realtors (NAR), sales of previously owned homes in the U.S. have hit a 30-year low. May saw no significant improvement, with a slight 0.7% decrease from April, resulting in an annualized rate of 4.11 million units. Compared to May of the previous year, sales dropped by 2.8%. This slow sales pace reflects the impact of rising mortgage rates in April when rates surged from just below 7% to over 7.5% before stabilizing around 7% in May. These higher rates have discouraged potential buyers, contributing to the continued sluggish market. The lack of recovery in home sales is surprising, as NAR's chief economist Lawrence Yun had anticipated a spring rebound. Regionally, sales...