Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented…

My Thesis Update I initiated coverage on Medical Properties Trust, Inc. (NYSE:MPW) stock on January 20, 2024, with a “Strong Buy” rating, saying that investors need to be greedy while others were fearful at the time. It was a speculative call in its nature, and the main argument I wrote…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A US-Turkish dual citizen was shot dead by Israeli forces while protesting against Jewish settlements in the occupied West Bank on Friday, Turkey’s foreign ministry said.Ayşenur Ezgi Eygi, 26, was shot in…

Former President Donald Trump will not be sentenced in his New York criminal case until after the 2024 election, Judge Juan Merchan announced on Friday. Merchan wrote in a new letter that he would sentence Trump on November 26 – if necessary – in response to a request from Trump’s…

The IRS is asking for comments about a new way to save for retirement. The super-charged saver’s match builds on the existing saver’s credit and has been described as “an important opportunity to improve the long-term financial security for millions of low- to moderate-income Americans.” Under the plan, beginning in…

Mortgage rates dipped a bit this week, still holding steady around the mid-6% range while demand remains weak in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.46% this week from 6.49% last…

A federal judge in Georgia has temporarily blocked President Biden’s administration from implementing its plan to waive federal student loans for almost 30 million borrowers. U.S. District Judge J. Randal Hall issued the order on Thursday, ruling that the states currently suing the administration over the plan have established a…

The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli.”We think there’s a good case that they should get back to neutral as soon as possible,” the firm’s chief U.S. economist told CNBC’s “Squawk on the Street” on Thursday, adding…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 was lower Thursday ahead of arguably the biggest economic data point of the month due out Friday morning in the…

The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump. The countries making up the organization will extend…