Falling US home prices ‘still nowhere near the bottom:’ economist

Existing home sales dropped 5.9% to a seasonally adjusted annual rate of 4.81 million units in July. …read more

https://nypost.com/2022/08/18/falling-us-home-prices-still-nowhere-near-the-bottom-economist/

Internet pans Papa John’s new all-toppings, crustless pizza: ‘S–t in a bowl’

The Indiana-based restaurant chain plans to roll out “Papa Bowls” nationwide next week. …read more

https://nypost.com/2022/08/18/internet-pans-papa-johns-new-all-toppings-crustless-pizza/

What Exploded? Oh, You Just Dropped Your Steel Water Bottle

Metal vessels like Hydro Flask’s are everywhere, offering guilt-free hydration—and deep embarrassment when they crash to the floor. ‘Children begin to cry, adults jump from pure fear.’ …read more

https://www.wsj.com/articles/loud-steel-water-bottle-drop-11660779213?mod=pls_whats_news_us_business_f

US ‘top destination’ for summer travelers due to ‘dollar-euro parity’: Virtuoso

A report ranked the US as the top destination for luxury and experimental vacations that could have high demand in the coming months. …read more

https://nypost.com/2022/08/18/us-ranks-as-top-destination-for-summer-travelers-due-to-dollar-euro-parity/

Someone has a fantastic theory about where Tom Brady is, and we love it

While the Bucs are in Nashville for Saturday night’s exhibition matchup against the Tennessee Titans, Tom Brady has been away from the team, taking an extended absence for personal reasons. Bucs head … https://finance.yahoo.com/news/someone-fantastic-theory-where-tom-004438286.html

3M Unit Defends Request to Shield Parent From Mass Earplug Lawsuits

Lawyers representing 3M’s bankrupt Aearo Technologies subsidiary defended its request to extend a litigation stay to the parent company to resolve mass earplug lawsuits, saying such a move would be in line with other court rulings. …read more

https://www.wsj.com/articles/3m-unit-defends-request-to-shield-parent-from-mass-earplug-lawsuits-11660835021?mod=pls_whats_news_us_business_f

Bank Stocks Make a Comeback After Sharp Sell Off

Since the end of June, five of the six largest U.S. banks have outperformed the S&P 500’s 13% gain. Shares of Morgan Stanley and Goldman Sachs are up 20% and 19%, respectively. …read more

https://www.wsj.com/articles/bank-stocks-make-a-comeback-11660815006?mod=rss_markets_main

Chile’s Economy Stagnates in Second Quarter as Demand Withers

Chile’s economy was flat in the second quarter after contracting in the first three months of the year as one of Latin America’s richest nations faces a combination of high political uncertainty and … https://www.bloomberg.com/news/articles/2022-08-18/chile-s-economy-stagnates-in-second-quarter-as-demand-withers

U.S. Home-Sales Report for July Comes as Housing Market Cools

The housing market has been rapidly losing steam as the Federal Reserve’s aggressive path of interest-rate increases pushes up the cost of taking out a mortgage. …read more

https://www.wsj.com/articles/existing-home-sales-prices-housing-market-july-2022-11660774574?mod=pls_whats_news_us_business_f

Philadelphia-Area Manufacturing Activity Expands, Tops Estimates

A gauge of manufacturing activity in the Philadelphia area unexpectedly expanded in August for the first time in three months, though the outlook remained weak. https://www.bloomberg.com/news/articles/2022-08-18/philadelphia-area-manufacturing-activity-unexpectedly-expands