warren buffett has donated another 464 billion of berkshire hathaway stock to five charities this boosts his total giving since 2006 to more than 51 billion new filings for unemployment benefits are hovering at the highest level since october 2021   the figure was unchanged from the previous print but above market expectations of 260000   continuing claims on the other hand dropped to 176 million from 177 million and suggest a tight market where laidoff workers are quickly finding new jobs sales of existing us homes were flat in may rising 02 from the previous month   on an annual basis sales posted their 21st consecutive decline falling by over 20   the drop comes despite mortgage rates falling slightly for the 3rd consecutive week to 667   median prices meanwhile experienced their largest annual drop since december 2011 falling by 31 in may to 396100 even after may’s big drop the median household would need to spend more than 40 of their income to afford today’s medianpriced home   three years ago that figure was just 28   since the beginning of last year the monthly mortgage payment for the average loan size has roughly doubled to nearly 3000   as households run down their excess savings these payments will take a higher toll on the consumer and the housing market   according to jpmorgan those savings are likely to be drained before the end of the year the quality of new vehicles is getting worse according to jd power   the firm’s latest initial quality study revealed the number of problems per 100 vehicles increased by 12 to an average of 192   last year the number of problems increased by 18   growing problems include advanced driverassistance features as well as those related to other technologies like wireless charging pads   evs accounted for 7 of the top 10 worst autos with tesla ranking secondworst in vehicle quality the stock market is saying one thing while the bond market is saying another   the recent rally in equities suggests investors are brushing off the possibility of further rate increases even as the fed signals a higherforlonger environment   bond investors meanwhile are increasingly betting that the fed’s rate increases will drive the us into a recession with the inversion on the yield curve dropping beyond 100bps for the first time since march   both can’t be right us inventories of crude oil posted a surprise draw last week   the drop in stocks was fueled by strong export demand and lower imports   together with a 17 million drain of the strategic petroleum reserves the 12th straight draw overall crude inventories fell by the most in 4 weeks   oil prices fell however with the threat of hawkish central banks outweighing the drop in inventories   net sales rose 64 yoy but were dragged down by lowerthanexpected samestore sales for olive garden   office space office building values in the us are expected to fall by 35 and are unlikely to recover to their peak values until at least 2040   ai regulation current ai models are at risk of violating draft eu rules to govern the technology   ai investment amazon web services is investing 100 million in a generative ai center to keep up with microsoft and google   ai jobs generative aibased job postings in the us rose by 20 in may   record loan ford’s joint venture with soth korean battery maker sk on has secured a record 92 billion loan from the department of energy   tiktok resignation the social media platform’s coo of 5 years is stepping down to focus on “entrepreneurial passions”   global trade shift for the first time in almost 20 years the us imported more goods from south korea than china did   recession risk us treasury secretary janet yellen said yesterday she sees diminishing risk of a us recession   superapp coinbase ceo brian armstrong said he envisions the platform becoming a global “superapp”   deliberate action former cftc chair chris giancarlo said the agency’s move against coinbase appears to have been “deliberate”   clawback ftx is looking to claw back over 700 million from billionaires celebrities and politicians   relinquished the sec is postponing collection of a 30 million fine from blockfi until investors are repaid   ethereum milestone the number of staked eth has more than doubled this year and now totals over 38 billion   retail auction overstockcom will buy bed bath  beyond’s ip and digital assets for 215 million   smart home despite getting the green light from regulators in the uk amazon’s 16 billion irobot deal is headed for an eu probe   gaming in a court hearing microsoft portrayed sony as the “complainerinchief” against its activision acquisition   aviation bell helicopter and cessna jet manufacturer textron is looking to sell its 1 billion fuel systems unit   media auction fortress investment group emerged as the winner for vice media with a 350 million bid