Trade tariffs, higher interest rates are slowing global economic growth, OECD says

Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the OECD's latest forecasts. But the Paris-based group doesn't see a recession on the horizon. 
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Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector.
Real Estate

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Marei 1998 to Build on Interest in Faux Fur With New Label ‘I Am Furless’

FAKING FUR: More than three years after Maya Reik launched her company Marei 1998, the 20-year-old is stretching her ambition with a spinoff label called “I Am Furless.”
Building off the success of the faux fur items that have been offered from one season to the next, the designer has decided to capitalize on that interest. Her own company is self-funded with financial support from her family. The Italian-made collection is made possible through a 10-person team in the Tel Aviv home office, as well as outposts in Milan, New York and Los Angeles.
Seasonal trunk shows with Modus Operandi has helped to raise her profile, as have more traditional ones and wholesaling to select European boutiques and Marie 1998’s e-commerce site. About 60 percent of annual sales are driven by the company’s own site, she said. The main collection consists of about 30 styles retailing from $ 300 for a coat to $ 2,000 for an embroidered dress. By far, the faux fur coats have been bestsellers, Reik said.
The “I Am Furless” label is expected to launch in two weeks or so and will include handbags, scarves, sweatshirts and coats. A Paris photo shoot is planned with Daniel Jackont, who recently shot the

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Rising prices and interest rates are a ‘one-two punch’ to homebuyers, Lennar chairman says

"Of course, we respect, like many, the independence of the Fed, but at the same time, would we like them to slow down the pace? Of course we would," Lennar Executive Chairman Stuart Miller said.
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Weekly mortgage applications fall 1.7% as interest rates move above 5%

Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume fell another 3 percent last week and was 32 percent lower than a year ago.
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The Fed’s interest rates push could slow down the economy

When will rising interest rates be a real problem for the stock market? Nobody has the answer to that question, although a lot of people are venturing guesses now that rates are climbing steadily. The problem with those guesses is that a complex combination of factors is at work. The stock market suffered sizeable declines…
Business | New York Post

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Stocks Close Firmly Negative Amid Interest Rate Worries – U.S. Commentary

Stocks saw considerable weakness during the trading session on Thursday, extending the pullback seen in afternoon trading on Wednesday. With the drop on the day, the Dow gave back ground after ending yesterday’s trading at a record closing high.
RTT – Top Story

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