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President Biden’s nomination of a judge who once released a man later involved in the murder of a 10-year-old, was not renewed after mounting pressure from Republicans in the senate, despite a Democrat majority. 

President Biden originally nominated Judge Todd Edelman in 2022 to serve on the U.S. District Court of Washington, D.C. Edelman currently sits on the district’s Superior Court, where he presided over a case involving Christian Wingfield.

Wingfield was awaiting trial for illegal possession of a firearm when Edelman released Wingfield with a GPS monitoring ankle bracelet. Shortly after his release, Wingfield was involved in the murder of a 10-year-old boy, Davon McNeal, July 4, 2020, while attending a ‘stop the violence’ cookout. 

‘Crime in DC and across the country is skyrocketing, thanks in large part to radical, activist judges like Judge Edelman,’ Senator Marsha Blackburn, R-Tenn., who sits on the Senate Judiciary Committee and opposed Edelman, told Fox News Digital.  

‘A child died because Judge Edelman didn’t do his job, but President Biden wanted to give him a promotion. I am pleased to see that the White House has backed down from its reckless decision to nominate Edelman to the federal bench,’ she said.

The White House did not respond to Fox News Digital’s request for comment on the matter. 

In an op-ed published by the Washington Post, author Dana Milbank, who is reportedly a friend of Edelman, said he was ‘an important pick for progressives.’ Milbank lamented Democrats’ inability to overwhelm Republican criticisms of Edelman, saying Democrats ‘cowered.’

‘[I]f Democrats are so cowardly that they won’t fight back and won’t answer the lies with truth, then the battle to preserve our democracy is already lost no matter who wins at the polls,’ said Milbank. 

In November of 2022, Edelman was questioned about his decision to release Wingfield in his nomination hearing by the Senate Judiciary Committee. 

‘When you made the choice to release Mr. Wingfield, you knew these following facts,’ Senator Blackburn told Edelman at the hearing. ‘You knew that he had multiple arrests for illegally possessing a firearm.’

‘And you know that he had been identified as the person who, on another occasion, had been shooting a gun in the street at 1 p.m. in broad daylight,’ she pressed. 

Blackburn added that a week prior to Edelman’s decision to release Wingfield, another judge denied Wingfield’s request for pre-trial release because he posed a ‘safety risk’ to the community.

Edelman said he recalled ‘virtually all the facts’ and defended his decision by calling the charge of illegal gun possession ‘non-violent.’ 

Edelman also stated that Wingfield pleaded guilty to ‘a lesser charge’ of associating with the group that killed McNeal and was not the person who fired the gun. Wingfield eventually pleaded guilty to voluntary manslaughter.

Edelman failed to earn enough votes in the committee to proceed to a full senate confirmation, which let his confirmation expire at the end of the 117th Congress. With Democrats in the majority, his failure to earn enough committee votes indicates that at least one Democrat was unwilling to back him for the judgeship.

President Biden did not renew is nomination. 

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Hunter Biden’s business associates are gearing up to testify behind closed doors at the House Oversight and Judiciary committees later this week as part of the House impeachment inquiry against his father, President Biden.

First up is Mervyn Yan, who was subpoenaed by the House Oversight Committee last year for financial records related to his business dealings with Hunter Biden.

Yan worked with Hunter Biden through Chinese energy company CEFC and Hudson West III.

Yan is set to appear before both committees on Thursday for closed-door transcribed interviews.

Next is Rob Walker, who was also subpoenaed last year. He is expected to appear for his closed-door transcribed interviews before both committees on Friday.

Financial records subpoenaed by the committee revealed that members of the Biden family, including Hallie Biden and Sara Biden, received more than $1 million in payments from accounts related to Walker and his Chinese business ventures with Hunter.

Walker worked on a joint venture called Sinohawk Holdings, which was meant to be a partnership with Chinese energy firm CEFC.

Multiple Biden family accounts, including those belonging to Hunter, Hallie Biden and an unnamed Biden, also received approximately $1.038 million from the same Walker LLC account after Bladon Enterprises, which reportedly belonged to Gabriel ‘Puiu’ Popoviciu, a Romanian tycoon, deposited more than $3 million between November 2015 to May 2017. According to a 2017 email from Walker, which was obtained by the Senate Finance Committee, Walker viewed himself as a ‘surrogate’ for Hunter and his uncle, Jim Biden, when ‘gauging [business] opportunities.’

The transcribed interviews with Yan and Walker this week come after the committees announced last week that they had confirmed a new date for Hunter Biden’s closed-door deposition.

Hunter Biden had initially defied a subpoena to appear for a deposition and was at risk of being held in contempt of Congress.

The committees said Hunter Biden’s attorneys confirmed that he would appear for a deposition on Feb. 28, thus pausing all contempt of Congress proceedings.

Hunter Biden’s deposition will come after his business associates share testimony with the committees.

The House Oversight and Judiciary committees plan to hear testimony from other Hunter Biden business associates like Eric Schwerin on Jan. 30, Tony Bobulinski on Feb. 5, and more.

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JERUSALEM – The head of the Israeli army unit, tasked with coordinating the massive international humanitarian aid operation for millions of Gazan civilians caught in the midst of a raging war in their tiny enclave, rejected recent claims that the territory was on the brink of starvation or facing the imminent threat of infectious and noxious diseases. 

Col. Moshe Tetro, head of the Coordination and Liaison Administration (CLA) for Gaza, a division of the military body that in peace times facilitates entry permits for hundreds of thousands of Palestinians civilians and laborers and oversees Palestinian imports and exports to Israel and beyond, told Fox News Digital that while he was familiar with reports claiming the territory was on the brink of starvation, at the moment, ‘there are no restrictions on food going into Gaza.’

Speaking on Friday for the first time in nearly a month, President Biden and Israeli Prime Minister Benjamin Netanayahu discussed the ongoing situation in Gaza. According to a readout of the call provided by the White House, ‘The President and the Prime Minister reviewed the situation in Gaza and the shift to targeted operations that will enable the flow of increasing amounts of humanitarian assistance while keeping the military pressure on Hamas and its leaders.’

Tetro, whose team of soldiers works around the clock to ensure that hundreds of aid trucks, drinking water and fuel enter the Palestinian enclave daily – and work to facilitate the hazardous journey through the Strip – said it was essential to look at the data. Before the war, he said, only 70 trucks of food entered Gaza each day. He said that number has now more than doubled to 220 trucks of food entering daily over the past week.

‘If you open Telegram and other social media pages, take a look at the marketplace in Rafah last Friday – you will see that while many things are missing, there is no shortage of food,’ he said, referring to Gaza’s southernmost town where hundreds of thousands of Palestinian civilians have sought shelter from the fighting. 

‘I recommend to anyone writing about this to base their words on the facts and not on the basis of political agendas,’ Tetro said.

‘Our figures come from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA,)’ said a spokesperson for the State Department. The spokesperson also noted that Blinken met with the U.N. Secretary General in Davos and spoke with the ‘U.N.’s newly appointed Senior Humanitarian and Reconstruction Coordinator for Gaza, Sigrid Kaag underscoring the importance of strengthening the humanitarian assistance coordination mechanism in Gaza and facilitating assistance to the northern part of the Gaza Strip.’

Last week the heads of the World Food Programme (WFP), UNICEF and the World Health Organization issued a joint press release calling on Israel to allow more aid into the Gaza Strip as ‘the entire population of Gaza – roughly 2.2 million people – are in crisis or worse levels of acute food insecurity.’ 

‘Virtually all Palestinians in Gaza are skipping meals every day while many adults go hungry so children can eat,’ said the statement, citing the latest Integrated Food Security and Nutrition Phase Classification report. The report has warned of famine if current conditions in Gaza persist.

‘People in Gaza risk dying of hunger just miles from trucks filled with food. Every hour lost puts countless lives at risk. We can keep famine at bay but only if we can deliver sufficient supplies and have safe access to everyone in need, wherever they are,’ WFP Executive Director Cindy McCain said in the statement, which made an urgent appeal for Israel to open additional crossing points, as well as its nearby port in Ashdod, so more aid being sent from around the world could be received.

Currently, most of the aid – mainly from Arab and Muslim countries such as Egypt, Saudi Arabia, the United Arab Emirates, Qatar and Turkey – arrives at the smaller Egyptian port of al-Arish in northern Sinai. From there, it is transported to two stations on the border with Israel, where soldiers from Tetro’s unit check the shipments for weapons and ammunition that may be smuggled to Hamas terrorists inside the Strip.

Following a thorough security inspection, the trucks, which include food, medicine, and essential supplies such as blankets and tents, enter Gaza either through the Kerem Shalom Crossing from Israel or at the Rafah Crossing from Egypt. International aid agencies and local Palestinian organizations then distribute the goods among the needy across the war-stricken territory. Israel has also agreed to aid shipments of flour to its port in Ashdod. 

A spokesperson for Coordinator of Government Activities in the Territories, the military body that oversees the CLA Gaza, pointed out that Israel had already opened an additional checkpoint and another aid entry point at the Kerem Shalom crossing and increased its inspection capabilities in recent weeks. 

‘We are checking more trucks than the U.N. is able to accommodate in Gaza,’ the spokesperson said.

According to the latest figures published by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) – based on information from the Hamas-run Health Ministry in Gaza – more than 1.9 million people, or nearly 85% of the Strip’s population, are internally displaced. The majority of those seeking refuge are sheltering in facilities run by UNRWA, the U.N. agency responsible for Palestinian refugees, OCHA said.

At a recent meeting of the U.N. Security Council, Martin Griffiths, the U.N.’s under-secretary-general for humanitarian affairs and emergency relief coordinator, called the situation in Gaza ‘horrific,’ highlighting what he said were ‘the appalling conditions on the ground.’

‘Shelters are overflowing, and food and water running out, and the risk of famine is growing by the day,’ he said. ‘The health system is in a state of collapse: women are unable to give birth safely; children cannot get vaccinated; the sick and injured cannot get treatment; and infectious diseases are on the rise.’

Last week, U.N. Secretary General Antonio Guterres echoed the same sentiments saying, ‘the long shadow of starvation is stalking the people of Gaza – along with disease, malnutrition and other health threats.’

At the Coordination and Liaison Administration for Gaza unit headquarters, where Israeli soldiers monitor news and social media reports coming out of Gaza 24 hours a day, speak to their local contacts on the ground and coordinate humanitarian aid efforts with international organizations, including the U.N., Col. Tetro said that he was not surprised by such comments.

‘We know these agencies systematically lie and use false narratives, but we are in close contact with international and Palestinian officials in order to assess the civil situation in the Gaza Strip,’ he said, reiterating that there is no shortage of food or water inside Gaza. 

Tetro also refuted claims that infectious diseases were on the rise. If that’s true, he said, ‘then why do those diseases not exist? None of the data we have, including that from the international agencies, has identified any outbreaks of diseases.’

‘I’m not saying the situation in Gaza is pleasant,’ said Tetro, who recently authorized additional vaccines for hospitals in case of potential outbreaks. ‘But there is a great distance between the truth and the lies and propaganda that sadly, the international community and also the media promotes, repeating the narrative of a barbaric terror organization without even checking the facts.’

On Monday, COGAT announced that the 10,000th aid truck had arrived in Gaza since the start of the war with Hamas. The statement noted that ‘close to 99% of the coordinated trucks were approved for entry.’

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No matter what results are delivered by the New Hampshire electorate tonight, the GOP nominee — whether former President Trump or former U.N. Ambassador and South Carolina Governor Nikki Haley — has a huge incentive to name a running mate soon: hard dollar contributions. 

Name him or her and wind that running mate up and send them off on the fund-raising circuit. Even if Trump and Haley have an extended battle ahead, both would benefit from tapping their preferred partner on the ticket early.

Money contributed directly to a specific candidate is ‘hard money’ and is limited in the amount that can be given (in 2024 it is $3,300), while indirect contributions to political action committees supporting the GOP ticket are known as ‘soft money.’

Candidates control the hard dollars, but not the soft money raised by Super PACs. Hard money can also be used to buy advertising at the best rate available from a radio or television outlet, while soft money gets no such guarantee on rates. A ‘hard dollar’ is much to be preferred to a soft one. To get the ‘hard dollars’ it helps to make a ‘hard ask’ — by the candidate to a small group in a room where everyone can see, meet and greet and chat with the candidate. Thus, it has always been and thus it will always be.

Which is why the GOP vice presidential nominee should be vetted and named early, rather than later in the cycle. Once a running mate is named by the nominee, that would-be veep packs a traveling bag and begins the endless tour of donor events. With eight months stretching out between Super Tuesday on March 5 and Election Day on November 5, there are 240 days full of donor events. Donors will turn up to meet the nominee, of course, but they will also show up to schmooze the maybe-veep. A breakfast, lunch and evening event every day is a given for any candidate, and probably one or two more squeezed in at a law firm here or a private home there. 

Before you know it, the running mate will have passed 500 events on his or her way to 1,000. Each event is an opportunity for a loose ally to become a $3,300 donor. The more months on the road, the more events that will be held, the more money banked against the messaging sprint in the fall. This isn’t quantum physics; the sooner the running mate is named and on the field, the sooner he or she can contribute to filling the war chest, and as called upon, the airwaves.

The running mate will also daily provide a contrast with Vice President Kamala Harris — and most Republicans are enthusiastic about those future assessments if the nominee stays within conventional lines of eligibility: governors, senators and maybe a member of Congress. (Unconventional figures as running mates do not appeal to folks who understand what opposition research is and how there will be no ‘youthful indiscretions’ forgiven once named. Every controversy about a running mate is an unwarranted diversion from the top of the ticket.)

What former President Trump or Ambassador Haley could use is a fund-raising machine, knocking out five events a day, and available for cable and radio hits around the clock. The running mate will have to possess message discipline, of course, but physical discipline will be at least as important as they’ve got to start traveling and asking, asking and traveling from the day they are named.

People vote for or against the top of the ticket, but they’ll turn up for an event with the man or woman who could be one heartbeat away come next January.

Hugh Hewitt is one of the country’s leading journalists of the center-right. A son of Ohio and a graduate of Harvard College and the University of Michigan Law School, Hewitt has been a Professor of Law at Chapman University’s Fowler School of Law since 1996 where he teaches Constitutional Law. Hewitt launched his eponymous radio show from Los Angeles in 1990, and it is today syndicated to hundreds of stations and outlets across the country every Monday through Friday morning. Hewitt has frequently appeared on every major national news television network, hosted television shows for PBS and MSNBC, written for every major American paper, has authored a dozen books and moderated a score of Republican candidate debates, most recently the November 2023 Republican presidential debate in Miami and four Republican presidential debates in the 2015-16 cycle. Hewitt focuses his radio show and this column on the Constitution, national security, American politics and the Cleveland Browns and Guardians. Hewitt has interviewed tens of thousands of guests from Democrats Hillary Clinton and John Kerry to Republican Presidents George W. Bush and Donald Trump over his forty years in broadcast, and this column previews the lead story that will drive his radio show today.

This post appeared first on FOX NEWS

In this edition of StockCharts TV‘s The Final Bar, Dave observes the S&P 500 index pressing higher after achieving new all-time highs on Friday. While large caps have dominated small caps so far in January, days like today suggest small-cap strength as a potential emerging trend. He also reviews key market breadth indicators and bearish momentum divergences for LOGI and HD.

This video originally premiered on January 22, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

Over the weekend, I covered the daily charts on the Economic Modern Family, featuring the Russell 2000 (IWM) and Retail (XRT). Both are lagging the benchmark and in the middle of their January trend calendar ranges.

As Semiconductors, NASDAQ, the Dow, and S&P 500 continue to post new all-time highs and clear the January trend highs, I keep looking for evidence that the rest of the Family will either soon follow or anchor. Hence, I turn to the weekly charts. Only Semiconductors (SMH) and Transportation (IYT) are in weekly bullish phases (when the blue 50-WMA is above the green 200-DMA along with price). While SMH is off to new highs, IYT has a distance to go even in its bullish phase.

What about the rest of the Family? The good news is that none are in bearish phases. Regional Banks (KRE) and Biotechnology (IBB) are into resistance and in recovery phases as both are priced below the 200-WMA. Plus, the 50-WMA is below, rather than above, the 200-WMA. As KRE and IBB are in the weakest weekly phases, both areas are vulnerable to a sell-off.

Retail (XRT) sits right on the 200-WMA and is in a weekly accumulation phase. I believe that the Retail sector is the key to what happens next, given:

The widening ratio between the price of growth and family sectorsEarnings of big techFed meeting end of the month and interest rate policyInflation numbers, particularly the price of food

The consumer sector has been in the game, but now shows some signs of fatigue. XRT will tell us what comes next.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

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Follow Mish on X @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Nicole Petallides and Mish dig deep into trends and stocks to watch for next big moves, as we are in full January trend mode on this video from Schwab Network.

On the Monday, January 22 episode of Your Daily Five from StockCharts TV, Mish sees the potential for consumers to spend more money, from self-help to dieting, to makeup to skincare to fashion — pointing out several relevant stocks and how to trade them.

Mish looks at a selection of popular instruments in this video from CMC Markets, outlining their possible directions of travel.

Mish joins Jason Perz on the Against All Odds playlist, where she covers it all talking the mental game of trading, commodities, futures, equities, technical analysis, and macro.

Mish’s Market Minute on StockCharts TV returns, all new! Mish and Geoff Bysshe share how the powerful “Calendar Range” StockChartsACP plugin tells you who and what to believe, when to act, and what to trade. The new year is a big “reset” emotionally, and January sets the tone for the next six months AND the year. Every month is “like an inning in baseball,” financial reports focus on quarters, but analysts think in terms of the first half and second half of the year. How can you harness this knowledge to your benefit? Watch to find out!

Mish presents a three part market outlook in these videos from CMC Markets. In the first, Mish gives you a thorough outlook on which areas to invest in for 2024 in just four and half minutes. Then, she examines whether the S&P 500 can keep rallying, and finally, she investigates where 2024 could be the year of the heavy metals.

Mish offers her thoughts on a number of commodities ahead of the US CPI data announcement in this appearance on CMC Markets.

In this video from CMC Markets, Mish continues with her analysis on gold, oil and gas, this time adding the dollar/yen currency pair and her outlook on the dollar longer term.

Coming Up:

January 22: Your Daily Five, StockCharts TV & Schwab Network

January 24: Yahoo! Finance

January 25: Live Coaching

February 2: Money Show Life with Chuck Jaffe

Weekly: Business First AM, CMC Markets

ETF Summary

S&P 500 (SPY): 480 now the pivotal zone.Russell 2000 (IWM): 195 pivotal, 190 support to hold.Dow (DIA): 375 support.Nasdaq (QQQ): 408-409 support.Regional Banks (KRE): Back over 50, which needs to hold.Semiconductors (SMH): 184 support.Transportation (IYT): 254 support with 262 resistance.Biotechnology (IBB): 135 pivotal.Retail (XRT): Held support at 65 but still needs to get back over 70.00.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.

The move will affect approximately 2,350 positions across its corporate office and stores, company spokesman Chris Grams said.

“As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company,” the company said in a statement.

The company notified employees about the layoffs on Thursday and the last day for affected employees will be Jan. 26.

Stores that will be shuttered are located in Arlington, Virginia; San Leandro, California; Lihue, Hawaii; Simi Valley, California and Tallahassee, Florida. The stores will close in early 2024, Grams added.

Macy’s is the middle of an effort to turn the roughly 166-year-old department store into a brand that resonates with consumers who are shopping online; looking for value; and turning to competitors including e-commerce retailers such as Amazon and Shein, big-box players such as Target and off-price names such as TJX-owned T.J. Maxx instead of its stores.

As part of that push, Macy’s is overhauling its private-label brands; opening smaller shops outside of the mall; and looking to its beauty chain, Bluemercury, and higher-end department store, Bloomingdale’s, to drive growth.

In the fall, the company said it would open up to 30 smaller stores in strip malls over the next two years. Macy’s has been better known for giant mall stores, but the company is trying to chase consumers in the suburbs who are going to outdoor shopping centers a short drive away for groceries or a new outfit.

Macy’s, the parent company that includes its namesake brand, Bloomingdale’s and Bluemercury, will also get a new leader soon. Tony Spring, CEO of Bloomingdale’s, will step into the CEO role for Macy’s in early February as outgoing CEO Jeff Gennette retires.

On the company’s earnings call in October, Chief Financial Officer and Chief Operating Officer Adrian Mitchell hinted that Macy’s would take another hard look at its stores. He said the company had to “deliver relevant products, strong value and a more enjoyable shopping experience,” and some of that would include “optimizing our physical footprint.”

“We are committed to bringing more inspiration on a daily basis to our customers,” he said. “We look forward to sharing more on how that ladders to long-term profitable growth on our fourth quarter call.”

Mitchell also told investors on the call that Macy’s “anticipated closure of less than 10 locations in early 2024.”

Yet, Macy’s sales and stock performance have lagged. The company has not yet reported its holiday quarter, but said in October that it expected same-store sales to decline up to 7% for its fiscal 2023. It’s expected to report fiscal fourth-quarter earnings in late February.

Shares of the company closed Thursday at $17.93, down nearly 11% so far this year. That compares to the roughly flat performance of the S&P 500 during the same period.

Macy’s has 723 locations across the country, as of Oct. 28, the end of the most recently reported quarter. The majority of those — roughly 500 — are its namesake stores, followed by 158 Bluemercury stores and 56 Bloomingdale’s stores.

The department store chain’s footprint has gotten smaller in recent years, however. About four years ago, Macy’s announced another major layoff and wave of store closures. It made the announcement in February 2020, just weeks before the Covid-19 pandemic led to lockdowns and the temporary shuttering of many malls and retail stores across the country.

At the time, Macy’s said it would shut 125 stores over the following three years and slash about 2,000 corporate jobs, as it closed its Cincinnati headquarters and tech offices in San Francisco.

The company is reconsidering its store count again.

In March 2023, Gennette said the company was “evaluating the right number and mix of on- and off-mall locations,” and added that the customer and retail backdrop had changed since the February 2020 announcement. He said since that 2020 announcement, Macy’s had closed about 80 namesake locations and had plans to soon close another five.

“We have shuttered our most significant underperformers, exited dying centers and improved the existing store experience, while delaying closures of others that are cash flow positive,” he said on the March call. “Today, roughly 99% of our mall base is profitable on a four-wall basis.”

The news on Thursday was first reported by The Wall Street Journal.

This post appeared first on NBC NEWS

Sales of previously owned homes fell 1% in December compared with November to a seasonally adjusted annualized rate of 3.78 million units, according to the National Association of Realtors. Sales were 6.2% lower than in December 2022, marking the lowest level since August 2010.

Full-year sales for 2023 came in at 4.09 million units, the lowest tally since 1995.

Regionally, on a month-to-month basis, sales were unchanged in the Northeast and fell 4.3% in the Midwest. Sales were down 2.8% in the South but rebounded 7.8% in the West. On a year-over-year basis, sales were lower in all regions.

The count of home closings is based on contracts likely signed in late October and November, when mortgage rates were considerably higher than they are now. The average rate on the 30-year fixed loan rose to about 8% in October before falling to the 7% range in November. It is now at 6.89%, according to Mortgage News Daily.

“The latest month’s sales look to be the bottom before inevitably turning higher in the new year,” said Lawrence Yun, NAR’s chief economist, in a release. “Mortgage rates are meaningfully lower compared to just two months ago, and more inventory is expected to appear on the market in upcoming months.”

Inventory fell 11.5% from November to December, but it was up 4.2% from December 2022. There were 1 million homes for sale at the end of December, making for a 3.2-month supply at the current sales pace. A 6-month supply is considered balanced between buyer and seller.

Tight supply continues to reheat home prices. The median price of a home sold in December was $382,600, an increase of 4.4% from December 2022. That is the sixth consecutive month of year-over-year price gains. The median price for the full year was $389,800, a record high.

Homes stayed on the market longer in December, at an average of 29 days, up from 25 days in November. The share of all-cash sales rose to 29% from 27% in November. Individual investors, who make up a large share of all-cash sales, bought 16% of homes, down from 18% in November.

That pullback in activity from investors may be one bright spot for buyers. Both higher home prices and higher financing costs resulted in fewer investor home purchases for the full year 2023, according to a recent Realtor.com study.

“With rents continuing to ease and more multi-family homes entering the market for rent, investors may continue to tread more cautiously in the housing market,” said Danielle Hale, chief economist at Realtor.com. “This would mean one less source of competition for potential first-time home buyers who are approaching the 2024 market with optimism despite the challenge of trying to buy a home at a below-median price point, one that investors also often target.”

First-time buyers are still struggling, making up just 29% of December sales, down from 31% the year before. Historically they make up 40% of the market.

This post appeared first on NBC NEWS

Cody Rhodes, Women’s World Champion Rhea Ripley and Bianca Belair will be the cover stars of WWE 2K24, as the video game franchise celebrates 40 years of WrestleMania.

Rhodes will grace the cover of the standard edition of the video game, while Ripley and Belair will be on the deluxe version. The deluxe edition will be the first time two women will be featured on a WWE 2K game, and Belair will make history by becoming the first woman of color to be featured on the cover of a WWE 2K video game. There will also be the ‘Forty Years of WrestleMania Edition,’ which will feature stars of the past and present, like current Undisputed WWE Universal Champion Roman Reigns, John Cena, The Undertaker and Stone Cold Steve Austin.

‘I’ve been known to keep a checklist of key milestones I want to experience on the path to finishing mystory,’ Rhodes said in a statement. ‘As an avid gamer, being named WWE 2K cover Superstar is very, very closeto the top of that list and I’m very happy to work with the teams at 2K and Visual Concepts to bring thatdream to life.’

‘This is an incredible milestone in my career and I’m so excited to show the world why WWE 2K24 is a must-have and the ‘EST’ game for every WWE fan and gamer,’ said Belair.

When does WWE 2K24 come out?

WWE 2K24: Deluxe Edition and WWE 2K24: Forty Years of WrestleMania Edition will be released worldwide on March 5. The standard edition will be released on March 8.

How much will WWE 2K24 cost? What comes with special editions?

The standard edition on previous-gen platforms (PS4, Xbox One) and PC will cost $59.99 and current-gen consoles (PS5 and Xbox Series X|S) will be $69.99.

WWE 2K24: Deluxe Edition will cost $99.99 on all platforms and include a season pass to all five post-release DLC content packs, as well as other additions. Forty Years of WrestleMania Edition will cost $119.99 on all platforms and features all content in the deluxe edition, as well as a pack that includes alternate attire for WrestleMania legends and the WrestleMania 40 arena.

What’s new in WWE 2K24?

Here are some of the newest features 2K Games said are coming to WWE 2K24:

There were be over 200 WWE stars and legends in the game, such as Andre the Giant, Batista, Kurt Angle, ‘Macho Man’ Randy Savage and Chyna.Ability to move the camera during live gameplay.2K Showcase… of the Immortals: Play through some of the most iconic WrestleMania moments, like Hulk Hogan slamming Andre the Giant.New match types: Special guest referee, ambulance match, casket match and gauntlet match.Expanded MyGM and new MyRISE storylines.Updates to MyFACTION, Universe and creation mode.

This post appeared first on USA TODAY

The matchups to determine the participants in Super Bowl 58 are set.

In the early leg of Sunday’s divisional round playoff games, the Detroit Lions outlasted the Tampa Bay Buccaneers, bringing the franchise its first conference championship appearance in 32 seasons. Detroit did it on offense, led by quarterback Jared Goff and a trio of young stars at the skill positions: Jahmyr Gibbs, Amon-Ra St. Brown and Sam LaPorta.

In the late game, a pair of familiar foes in the Kansas City Chiefs and Buffalo Bills renewed their rivalry. And for the host Bills, it was a different, more painful, renewal: a pivotal field goal inside of two minutes sailed wide right.

That means the Lions will travel to Santa Clara to face the San Francisco 49ers and the Chiefs will head to Baltimore in a date with the Ravens.

WINNERS

The resilience of the Kansas City Chiefs

Written off late in the regular season, right after a stretch when Kansas City lost five of eight games from Weeks 8 through 16, the Chiefs showed, once again, how gritty they are and how dangerous their championship experience can be.

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Kansas City went into a hostile environment and played almost flawless football. The Chiefs had just two penalties enforced for only 15 yards and their lone turnover, a Mecole Hardman fumble into the end zone, was almost devastating. But the Chiefs’ defense held and made it irrelevant. Kansas City’s stars showed up, which is what championship teams do. Patrick Mahomes had just six incompletions and threw for 215 yards and two scores. Both those touchdowns went to tight end Travis Kelce, who also poured in a team-high 75 yards. The defense completely clamped down on Buffalo’s receivers and made Stefon Diggs a nonfactor. Turns out the Chiefs can win in the postseason away from Arrowhead, too.

Ben Johnson and the Detroit offense didn’t panic

Credit the Lions offense and coordinator Ben Johnson – who appears very likely to end up with a head coaching gig whenever the Detroit offseason arrives – for working through early-game adversity. Through their first six offensive possessions (not counting a kneel at the end of the first half), the Lions had recorded three three-and-outs and had crossed midfield just twice.

Then, quarterback Jared Goff started to work the ball down the field. The Lions scored touchdowns on their seventh, eighth and ninth possessions, and averaged 8.3 plays and 76 yards in those. Tampa Bay and coach Todd Bowles did a tremendous job early of shutting down the rush, and Detroit’s offense stalled. Johnson didn’t panic and allowed the pass to open up the rush – namely in a beautifully-timed counter that went 31 yards and was a Jahmyr Gibbs touchdown early in the fourth quarter that helped Detroit run away with it.

The young Lions weapons

It’s not just that Detroit reached its first NFC title game in 32 seasons, it’s also that they’ve set themselves up for the future, especially on offense. The Lions have a nice trio of emerging stars at running back, receiver and tight end.

Jahmyr Gibbs, 21, is a rookie running back who had 114 yards from scrimmage and one touchdown on 13 touches. Amon-Ra St. Brown, 24, is already a downfield threat who led the Lions in receiving yards (77) and scored the game-sealing touchdown. Sam LaPorta, 23, is a rookie tight end who paced Detroit in catches with nine and was a steady threat all day long.

Travis Kelce

Known as a big-game tight end, Travis Kelce did not disappoint. The Bills failed to cover him once Kansas City marched closer to the end zone. Kelce finished with team highs in catches (five), receiving yards (75) and receiving touchdowns (two). Against the Bills, Kelce and quarterback Patrick Mahomes set the NFL record for most postseason touchdowns from a quarterback-receiver duo, with 16, surpassing legendary Patriots duo Tom Brady and Rob Gronkowski.

Baker Mayfield completes his case to stay

Buccaneers quarterback Baker Mayfield finished the one-year deal he signed in March to replace the retired Tom Brady. And though the season ended in disappointment in the loss against the Lions, Mayfield completed 26-of-41 passes for 349 yards, three touchdowns and two interceptions – and this season should be viewed as nothing but a success.

He helped spark the Tampa offense, and his teammates loved his toughness. He elevated young players like tight end Cade Otton and developed a rapport with star Mike Evans. Though a first-quarter interception wasn’t his fault — his well-thrown pass caromed off Evans’ hands — the second was forced up the middle of the field in a late-game desperation situation. The issue with Mayfield, as it has been throughout his career, is for him to limit mistakes and interception-worthy throws. He did that most of the year, and he deserves to return.

LOSERS

Wide right Pt. II (Tyler Bass)

If there was one thing that Buffalo fans did not want to hear, under any circumstances, it was “wide right.” We are of course referring to former Bills kicker Scott Norwood’s failed 47-yarder in Super Bowl 25 that would’ve given the Bills their first-ever Super Bowl title. The kick infamously sailed wide right.

Sunday against the Chiefs, Bills fans were treated to another version, though this one came in a less pressurized situation. Still, kicker Tyler Bass, who had a fairly solid season, will almost certainly carry his missed 44-yard try with 1:47 left to play for the entire offseason — and probably even longer. The field goal would’ve tied the game, and while Bass is not the sole reason why the Bills lost, it won’t ease the sting of the miss.

The Bucs couldn’t stop anything up the middle

If there was a weak spot on Tampa Bay’s defense, it was up the middle. Jared Goff had 287 passing yards, and 150 of those came through the middle of the field.

In fact, if you take the middle of the field, from the line of scrimmage to 20 yards down the field, Goff completed 12-of-17 passes for 145 yards and a touchdown.

Chaos in the fourth quarter

The Buffalo Bills have arguably the best short-yardage weapon in the NFL in quarterback Josh Allen. The Bill, facing a 4th-and-five from their own 30-yard line, decided to check into a fake punt in which safety Damar Hamlin fielded a direct snap. He was stopped short, giving the Chiefs a short field.

It was about to become a costly error – one that seemingly was going to put Buffalo down two scores – until Bills safety Jordan Poyer jarred the ball loose from receiver Mecole Hardman’s hands, leading to a forward fumble out of the end zone, giving the Bills the ball back. Buffalo would eventually punt the ball once more, but these lapses in concentration are ones teams typically cannot afford late in big games. Both teams got a little lucky.

Tampa Bay ground game a letdown, again

The Buccaneers and offensive coordinator Dave Canales very clearly tried to create some balance Sunday. The team’s inability to get anything at all going in the rushing game put way too much pressure on quarterback Baker Mayfield, which in turn stressed the Tampa Bay offense beyond repair.

The Buccaneers ranked dead last in the NFL in the regular season in rushing yards per game (88.8) and rushing yards per play (3.44). Against the Lions, Tampa Bay was more or less right on that average, recording 89 rushing yards at a 5.9 yards-per-carry clip. The problem isn’t talent; Rachaad White is a very capable back. The issue is the team often abandons the running game and doesn’t execute it with enough consistency. Against Detroit, the Bucs posted only 15 total carries – even after White had a productive first quarter.

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