Homebuyer retreat pushes seller-buyer gap near record high in July

A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra;…

Tilray Brands (TLRY +3.91%) needs to show investors that it’s heading in the right direction, because for many years, it hasn’t been. The cannabis stock has declined more than 97% in five years, occasionally luring in investors with growth opportunities — often tied to a U.S. marijuana market that remains off-limits for the Canadian-based producer…

Marc Rowan is assembling a North Fork empire The Apollo CEO has spent roughly $30 million on more than 100 acres in East Marion. He says he has no plans to develop it — for now. That has prompted the same obvious question asked whenever a billionaire starts buying large quantities of waterfront property: What…

By Rita Nazareth (Bloomberg) — A faster-than-estimated increase in inflation fuelled bets the Federal Reserve will keep boosting rates, spurring losses in stocks and bonds. The S&P 500 halted back-to-back gains, with most of its firms dropping. Short-dated Treasuries bore the brunt of the selling, with two-year yields jumping 18 basis points to 4.74%. Money…

For first-time homebuyers and seasoned homeowners alike, moving day is a major drag. Of course, it’s exciting to start the next chapter of your life in a brand-new place, but the process of moving can be a grueling, exhausting ordeal. Aside from having to sort through literally everything you own, you have to deal with…

Paying off debt topped the list of deferred goals at 23%, followed by travel (21%), buying a car or a home (17% each), and saving for retirement (15%). Generationally, the strain falls hardest on the young: 85% of Gen Z respondents said they had delayed a milestone, compared to 57% of baby boomers. Debt counseling…