The Week in Business: Housing Market Gets Squeezed – The New York Times

But if the market doesn’t feel the sting, prospective home buyers certainly will, especially those who are already struggling with the rising costs of food, gas, cars and other everyday necessities.

Mr. Musk has said that he has a Plan B if Twitter rejects his offer, but even so, he is likely to face intense scrutiny from the S.E.C., especially considering his history of getting in trouble with the agency and a new lawsuit accusing him of delaying his disclosure of his stake in Twitter.

And a bright spot in the report was that the core inflation rate, which isn’t skewed by the volatile prices of food and fuel, was slightly lower in March than the month before.

Russia has a 30-day grace period to come up with the money in dollars, but that window closes on May 4, at which point Russia could default on foreign currency debt for the first time in more than a century.

As the Omicron variant of the coronavirus has receded, the industry has rebounded, and the Adobe Digital Economy Index reported that ticket sales for domestic flights in February exceeded those for the same month in 2019.

The International Monetary Fund is expected at its annual spring meetings to cut its global economic growth estimates amid worries that a growing list of countries are tipping into a recession because of Russia’s war on Ukraine.

Société Générale said that it was pulling out of Russia and that the move would cost the bank $3.3 billion.

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