Move over, 30-year mortgage. The Trump White House is working on a 50-year option to break the housing market gridlock
FHFA Director Bill Pulte confirmed Saturday, “We are indeed working on The 50-year Mortgage – a complete game changer."
Business
Transportation chief rules out air travel for many Americans this Thanksgiving unless shutdown ends as flights are ‘reduced to a trickle’
"Listen, many of them are not going to be able to get on an airplane, because there are not going to be that many flights that fly unless this thing doesn't open back up."
Elon Musk’s Boring Company fined nearly $500K after it dumped drilling fluids into Las Vegas manholes—then ‘feigned compliance’ and was caught doing it again
A Nevada regulator accused Boring of dumping drilling fluids into a county sewage system in Las Vegas, the latest in a series of violations against the moonshot tunneling startup.
Voter fury emerges over skyrocketing electricity bills as AI stokes demand — and fears of a stock market bubble
Electricity costs were a key issue in this week’s elections for governor in New Jersey and Virginia, a data center hotspot, and in Georgia as well.
Consumer sentiment is sinking across the board — except for Americans with the most stocks
"One key exception: consumers with the largest tercile of stock holdings posted a notable 11% increase in sentiment, supported by continued strength in stock markets."
‘Living and working in Florida is like being in a toxic relationship,’ but the Northeast shows jarring differences, real estate founder says
"It's like having a multiple personality disorder" to see bidding wars in Long Island and discounts in Miami, Erin Sykes said.
‘You can’t expect people to go in to work when they’re not getting a paycheck’: Travelers sympathize despite 800 downed Friday flights
The 40 airports selected for the slowdown span over two dozen states and include hubs such as Atlanta, Dallas, Denver, LA and Charlotte.
Trump’s housing chief calls Jerome Powell a ‘maniac’ who is ‘deranged,’ arguing high mortgage rates are ‘really hurting people’
Speaking at the ResiDay conference, Bill Pulte said President Donadld Trump avoids D.C. groupthink, but "these other people, like Powell, they've lost their mind."
The most conservative Supreme Court justices will likely join the liberals against Trump’s tariffs, analyst says
"The more likely scenarios would all have Thomas, Alito, and Gorsuch voting to strike down the IEEPA tariffs or to curtail them, in our view."
