Few coastal neighborhoods in Southern California are as exclusive as Harbor Island in Newport Beach. For starters, there are just 30 homes on the small, semi-artificial island in Orange County’s Newport Bay. The island is defined by its ultrawealthy residents and bayfront setting. One example: A three-bedroom home at 11…

Higher interest rates are taking a toll on the major areas of the housing market. Overall interest in mortgages, refinancing and purchases all fell in the past week.Demand for mortgage applications declined by 4.6% compared with the prior week, according to the weekly survey from the Mortgage Banker’s Association. “Mortgage…

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You filed your taxes and your refund is in your hands. So, what do you plan to do with the extra cash? Save it? Invest it? Buy that new laptop you’ve been wanting? Go on a tropical getaway?  While all these are popular things Americans do with their refund money, it…

A key measure of home-purchase applications fell again last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s (MBA) index of mortgage applications dropped 1.4%, according to new data published Wednesday. “Mortgage rates declined last week from a recent high, but total application activity…

Japan’s economy grew an annualized 2.7% in the first quarter of the year, expanding further than earlier estimates of 1.6% made last month, government data showed, as the economy continues to see robust spending.Economists surveyed by Reuters had expected to see growth of 1.9%. The Japanese yen strengthened by 0.14%…

Americans in several parts of eastern U.S. looked up at the sky this afternoon to see the same alarming haze that first appeared Tuesday night. There were more than 400 wildfires burning in Canada on Tuesday, according to the Canadian Interagency Forest Fire Centre, causing unhealthy smoke conditions from New…

Sourcing, suspicion and speculation – terminology that has been frequently explored over the last day and a half as Prince Harry testified in a London courtroom in his lawsuit against a major British newspaper publisher over claims of historic phone hacking. The Duke of Sussex returned to the witness box…

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Coinbase CEO Brian Armstrong said he was met with a “pretty icy reception” when chatting with Securities and Exchange Commission Gary Gensler about registering his exchange.Armstrong said the exchange tried to get a meeting, and did meet virtually at some point.“But unfortunately, it was frankly like a pretty icy reception,…