Two Harbors fires back at UWM, calling lawsuit frivolous

Two Harbors Investment is fighting fire with fire, calling the lawsuit filed by UWM Holdings Corp. over their failed merger “frivolous” and saying its misgivings regarding the Pontiac, Michigan-based company have “been thoroughly vindicated.” Processing Content UWM filed its case in the U.S. District Court of Maryland, alleging willful breach of contract and fraud, seeking […]

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Trump says US weighing attempt to stop NYC pied-a-terre tax

President Donald Trump said he would examine whether the federal government can stop New York City Mayor Zohran Mamdani’s new pied-à-terre tax, which was temporarily blocked by a state court. Processing Content Trump in a social media post on Tuesday argued that the policy was costing the city by driving away wealthy people who would

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A Grocery Store As U.S. Inflation-Adjusted Consumer Spending Unexpectedly Rose In March

Humid July CPI report puts pressure on Fed to hike

David Paul Morris/Bloomberg Processing Content Key insight: Headline inflation increased by 0.1% last month for an annualized growth rate of 3.4%. The reading could push some policymakers to support tighter monetary policy. Expert quote: “If I do not see signs of continued disinflation soon, I am prepared to act. With five years of above-target inflation,

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