Yemen’s Houthis attack Saudi refinery after kingdom signs defence pact

Is the economy still K-shaped? The label came into vogue to describe an economy where the rich keep pulling ahead while the poor fall further behind. Recent comments from business executives and policymakers suggest that shape might be changing. Hilton CEO Christopher Nassetta said that sales growth is spreading beyond just luxury. And Treasury Secretary…

“The FOMC’s decision to hold the federal funds target at its current level, coupled with the three dissents at this meeting, with each of these dissenting members preferring to hike rates now, indicates that the Fed is likely moving into a hiking cycle soon,” Fratantoni told Mortgage Professional America.  “Markets are now expecting they could…

Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images President Donald Trump threatened to “decimate and destroy” Iran if Tehran acts on threats to…

Sonder is back. Sort of. TravelAI, a Canadian AI travel company, announced Monday it purchased the Sonder brand and relaunched Sonder.com. The deal did not include Sonder properties or its operating business. Sonder, which operated boutique hotels and short-term rentals, filed for bankruptcy and shuttered its operations in November after hotel giant Marriott International abruptly…

New York City homeowners who want to apply for an exemption from Mayor Zohran Mamdani’s pied-à-terre tax have been given an additional month to do so, officials announced. The Gothamist reported that residents across the city’s five boroughs who feel their homes are being unfairly targeted by the new tax on secondary residences previously had…

One of the earliest surviving midcentury modern homes designed by acclaimed duo Dan Palmer and William Krisel has hit the market in Los Angeles—offering a rare glimpse into the origins of the beloved architectural style. While Palmer & Krisel, as the architects were known professionally, would later earn national renown for their midcentury modern designs…