A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand. more...
For the past few months there’s been a constant drip-drip-drip of rumors about the upcoming GPUs from AMD and Nvidia. The most surprising element of those rumors, at least on the Nvidia side of the fence, has been a dramatic increase in power consumption. Nvidia’s next-gen Ada Lovelace RTX 40-series were originally ...
Louis Ritman (1889-1963) Flowers in a garden 1913
New orders for U.S. manufactured durable goods increased by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report showed durable goods orders climbed by 0.7 percent in May after rising by 0.4 percent in April. Economists had expected orders to inch up by 0.1 percent. more...
The US Dollar (via the DXY Index) will likely be reminded of the US economy’s weak growth environment in the coming days. more...
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