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An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022.

Twitter Plans Shareholder Vote By August On Sale To Musk

Twitter Inc plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk, as it continues to work "constructively" to complete the deal with the world's richest person, the social media company's top executives told employees on Wednesday.
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017.

As Bank Of Canada Sprints To Neutral, Bets Of Recession Climb

Canada's central bank has signaled plans to race ahead with a series of oversized hikes to curb inflation, upping the risk of plunging the economy into a recession, say economists, though worth it if it keeps rapid price rises from becoming entrenched.
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Credit Suisse Shares Spike On Reported State Street Takeover Interest

Shares in Credit Suisse turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report https://insideparadeplatz.ch/2022/06/08/state-street-will-offenbar-cs-uebernehmen that U.S-based State Street is planning a takeover bid for the troubled lender, though some in the industry doubt the claim.
US homebuilding remains strong, but the coronavirus outbreak has already caused mortgage applications to drop

Mortgage Demand Craters To Lowest Level Seen In 22 Years

Mortgage demand has continued its decline after a lackluster performance in May as more Americans opt to avoid buying a home in an environment of rising interest rates, low inventory and the potential for a recession in the near-future.

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