Bessent Says the K-Shaped Economy Is Over—Housing Tells a Different Story

The K-shaped economy is “over,” according to Treasury Secretary Scott Bessent. “I got sick of hearing about this K-shaped economy,” Bessent said in an appearance on CNBC’s "Squawk Box." “I can say here definitively, the K-shaped economy is over.” The term describes an economy in which segments of th

NFL Player Sauce Gardner Sues Contractor for $1.4 Million Over Failed Renovation of Abandoned Detroit Building

Indianapolis Colts star Sauce Gardner has filed a lawsuit against a Michigan construction company—claiming that the business failed to carry out renovations to a $935,000 abandoned apartment building in Detroit, despite receiving a $500,000 deposit to secure its services. The NFL athlete—whose real

Mortgage Rates Predicted To Rise Before Settling Back to 6.5% Next Year

Rising rates are weighing on the housing market, and the uncomfortable levels above 6% might be here for the medium term, capital markets firm Optimal Blue estimated in its latest report. The 30-year fixed-rate mortgage has been on a steady upward march for six weeks—hitting 6.69% last week, up from

Ghost Hunters Take HGTV Inside ‘Haunted’ Home in Texas’ Paranormal ‘Hub’: ‘Not Safe’

HGTV's hit show "Extreme Buyers Club" has showcased all kinds of bizarre requests from house hunters—but on the latest episode of the show, host Noel Collier's skills were pushed to the ultimate test when she was joined by two paranormal investigators seeking a "haunted" home in Texas. Collier, a re