What’s behind the increase in new home sales?

[ad_1] The government on Wednesday said seasonally adjusted new home sales in August jumped by 20% from the previous month, which was a bigger increase than expected and marks a three year high. CBS News business analyst Jill Schlesinger explains what this means for the housing market. [ad_2] Source link

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Denmark calls drones near airports a “hybrid attack” as Norway police seize drone and Russia pleads ignorance

[ad_1] A number of incursions by unidentified drones across Denmark that caused the temporary shutdown of two airports and affected military installations were part of a “hybrid attack,” the country’s defense minister said Thursday. Police in neighboring Norway, meanwhile, said they had seized a drone near Oslo’s airport, the AFP news agency reported, and police…

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New renderings show more details of White House ballroom under construction

[ad_1] Trump’s White House ballroom and Van Buren Reporter’s Notebook: Trump’s White House ballroom and Martin Van Buren 01:50 Washington — New architectural renderings obtained by CBS News reveal in more detail the White House ballroom that is currently under construction. The Trump administration announced in July that a 90,000-square-foot ballroom with a seated capacity…

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“Dumbphone,” “ghost kitchen” among over 5,000 words added to Merriam-Webster dictionary in rare update

[ad_1] Merriam-Webster announced Thursday it has taken the rare step of fully revising and reimagining one of its most popular dictionaries with a fresh edition that adds over 5,000 new words, including “doomscroll,” “WFH,” “dumbphone” and “ghost kitchen.” Other additions: “cold brew,” “farm-to-table,” “rizz,” “dad bod,” “hard pass,” “adulting” and “cancel culture,” as well as…

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Starbucks CEO Brian Niccol says the company plans to close underperforming locations, cut 900 jobs

[ad_1] Starbucks CEO Brian Niccol on Thursday said the company is planning on closing underperforming locations, including those where the coffee chain is “unable to create the physical environment our customers and partners expect,” and will cut 900 jobs. The overhaul will cost $1 billion, according to a Thursday regulatory filing. Most of the costs…

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