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First-time home buyer data: listings up, prices down in Q4

First-time home buyer data: listings up, prices down in Q4

By Elizabeth Renter, NerdWallet

Buying a home in the fourth quarter of 2024 would have been like finding dirt-cheap eggs — difficult. Though home prices decreased slightly and the number of homes crept up, the market remained particularly challenging for first-time home buyers.

SpaceX set for 1st Space Coast launch since booster fire

SpaceX set for 1st Space Coast launch since booster fire

SpaceX is set to send up late Tuesday its first Falcon 9 from the Space Coast since a fire destroyed a booster after it landed.

This Falcon 9 booster is flying for the 22nd time set to launch 21 Starlink satellites from Cape Canaveral Space Force Station’s Space Launch Complex 40 targeting 10:48 p.m. with more launch options through 11:50 p.m.

High winds caused a Monday attempt to be called off.

The booster will aim for a recovery landing downrange on the droneship A Shortfall of Gravitas.

It would be the 21st launch on the Space Coast so far in 2025.

The 20th didn’t have a perfect ending when the booster for another Starlink launch on March 2 from Cape Canaveral landed on the company’s other East Coast-based droneship Just Read the Instructions. read more

China strikes back at Trump tariffs with 15% levies targeting US farmers

China strikes back at Trump tariffs with 15% levies targeting US farmers

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — China retaliated against President Donald Trump’s tariffs with an additional 15% tax on key American farm products, including chicken, pork, soybeans and beef.

The escalating trade tensions punished U.S. markets Monday as investors fearful of the damage from from Trump’s trade wars put their money elsewhere.

The Chinese tariffs, announced last week, were a response to Trump’s decision to double the levy on Chinese imports to 20% on March 4. China’s Commerce Ministry had earlier said that goods already in transit would be exempt from the retaliatory tariffs until April 12.

Imposing tariffs on imports is a key part of Trump’s agenda. He believes the import taxes can raise money for the Treasury, protect American industries and pressure foreign countries to do what he wants in a range of issues, including immigration and drug trafficking.

On Wednesday, Trump is set to remove exceptions on 25% steel tariffs he imposed in 2018 — effectively raising the taxes — and raise his levy on aluminum from 10% to 25%. read more

Elon Musk claims X being targeted in ‘massive cyberattack’ as service goes down

Elon Musk claims X being targeted in ‘massive cyberattack’ as service goes down

By MICHELLE CHAPMAN, AP Business Writer

Hours after a series of outages Monday that left X unavailable to thousands of users, Elon Musk claimed that the social media platform was being targeted in a “massive cyberattack.”

Ontario slaps 25% increase on electricity exports to US in response to Trump’s trade war

Ontario slaps 25% increase on electricity exports to US in response to Trump’s trade war

By ROB GILLIES, Associated Press

TORONTO (AP) — Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million American homes and businesses in response to U.S. President Donald Trump’s trade war.

Ontario provides electricity to Minnesota, New York and Michigan.

“I will not hesitate to increase this charge. If the United States escalates, I will not hesitate to shut the electricity off completely,” Ontario Premier Doug Ford said at a news conference in Toronto.

“Believe me when I say I do not want to do this. I feel terrible for the American people who didn’t start this trade war. It’s one person who is responsible, it’s President Trump.”

Ford said Ontario’s tariff would remain in place despite the one-month reprieve from Trump, noting a one-month pause means nothing but more uncertainty. Quebec is also considering taking similar measures with electricity exports to the U.S. read more