Existing home sales in the United States fell for the ninth straight month in October as higher mortgage rates kept buyers out of the housing market.
Commentators said Wednesday that Democrats defied historical odds in the critical U.S. midterm elections as an anticipated “red wave” of Republican victories did not materialize.
U.S. interest rates rose again Wednesday in a sign that soaring inflation is hard to control in the world’s largest economy.
The US Federal Reserve is expected Wednesday to announce its fourth consecutive 0.75% interest rate hike since June, Reuters reports. Numerous economists polled by Reuters have said the Fed should not pause until inflation falls to around half its current level.
Hungary says persecuted Christians “need help to be given in their homelands,” while those who have fled “must receive help to return.”
Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday.
Israel announced on Tuesday morning that it had reached a “historic” agreement with Lebanon over the maritime border between the two countries in gas-rich Mediterranean waters.
A coalition of 130 lawmakers sent a letter to a top federal watchdog raising the alarm about a spike in foreign ownership of U.S. farmland.
Israeli archaeologists have unearthed 44 Byzantine gold coins at a location in northern Israel where, according to Christian tradition, Peter proclaimed Jesus to be the Christ, Christian Headlines (CH) reports.
Nearly two dozen states are sending National Guard troops to the U.S.-Mexico border to help federal immigration officials grapple with an unprecedented surge of undocumented migrants.
The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending.
Dutchman Anne van der Bijl, known as the “Brother Andrew” who founded Christian charity Open Doors and became a voice of voiceless persecuted Christians, has died, his group confirmed Wednesday. He passed away in the Dutch town of Harderwijk at age 94.
The Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023 to battle continued strong inflation.
The Israel Defense Forces have published a previously secret intelligence document from 2002, in which the Military Intelligence Directorate warned Syria may be seeking to launch a military nuclear program, the Times of Israel (TOI) reports.
The Biden administration on Wednesday inched closer to restarting a controversial nuclear deal with Iran, brushing aside stark warnings from key American ally Israel and sidestepping mounting evidence that Tehran and its proxies have not moderated their behavior on other fronts and remain intent on targeting U.S. troops, officials, allies and interests.
The house church movement in Afghanistan is slowly growing, despite a surrounding environment of brutal tribalism and Islamic extremist violence that forces evangelism and worship to be carried out in secret, Voice of the Martyrs (VOM) reports.
An artificial-intelligence algorithm to identify a group of “point mutations” that cause cancer in TP53 – a gene involved in about half of all cancerous tumors – has been developed for the first time in the world by a group of researchers at Hadassah-University Medical Center in Jerusalem. Their discovery has aroused much interest among doctors and scientists around the world.
After more than two years of fitful progress, Israel and Turkey finally agreed Wednesday to restore full diplomatic relations, four years after Ankara humiliated Israel’s envoy on his way out of the country.
Israeli archaeologists have begun excavating a site in the West Bank that is believed to be where the Biblical Joshua lived and was buried, the Jerusalem Post reports. Known as Khirbet Tibnah, the excavation site is located in southwest Samaria and is believed to have been inhabited from the Bronze Age until the beginning of the Ottoman rule.