qz.com

Reddit stock is falling back to Earth because the short-sellers have arrived (qz.com)

Some 7% of Reddit’s free share float (or more) has been sold short so far, according to an estimate from the analytics company Ortex cited by Reuters. That’s something the social platform was worried would happen, noting in its prospectus that retail traders in its subreddits (and particularly on r/WallStreetBets) could...

The average long-term US mortgage rate falls to 7.29% in fourth-straight weekly drop (qz.com)

The average long-term U.S. mortgage rate fell for the fourth time in as many weeks, more positive news for prospective homebuyers who have been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale....

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress (qz.com)

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday....

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