Kering, the French luxury group behind brands like Gucci and Yves Saint Laurent, has been facing a challenging time in the luxury market. The company recently issued a warning that it expects a significant decline in first-half profits, leading to a sharp drop in its stock price. This can be attributed to waning demand for
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Rising for the third consecutive week, mortgage rates reached their highest levels since November, causing a 2.7% drop in mortgage application demand compared to the previous week. This decrease in demand can be attributed to the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rising to 7.24% from 7.13%. Applications to