The housing market in April experienced a setback with a 1.9% decline in sales of previously owned homes compared to March, totaling 4.14 million units on a seasonally adjusted annualized basis. This unexpected drop was contrary to the forecasted slight gain for the month. Additionally, these sales were 1.9% lower than the same period last
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Recent pharmacy data revealed a substantial surge in the prescription of glucagon-like peptide-1 (GLP-1) receptor agonists among adolescents and young adults. Between 2020 and 2023, the number of individuals aged 12 to 25 years receiving these prescriptions experienced a remarkable 594.4% increase. This surge contrasts with the overall prescription rate of other pharmacy drugs, which
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The Consumer Financial Protection Bureau (CFPB) recently made a significant announcement regarding the buy now, pay later (BNPL) industry. The agency declared that customers utilizing BNPL services are now entitled to the same federal protections as those using traditional credit cards. This decision was made through an “interpretive rule” issued by the CFPB, which brings
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The surprising news emerged that Rishi Sunak, the Prime Minister of the United Kingdom, is planning to call a general election on 4 July. Despite trailing Labour by a significant margin in the latest polls, Mr. Sunak seems determined to take the risk and challenge his opponents. The decision comes after 14 years of Tory
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Federal Reserve officials are facing a puzzling situation regarding inflation in the United States, as highlighted by Julian Howard, lead investment director at GAM. According to Howard, it seems like the Fed officials are clueless about the inflation scenario in the country. Despite calls for patience in considering interest rate cuts, policymakers are struggling to
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