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Mortgage demand has dropped precipitously with people priced out, but don't expect falling demand to increase supply or lower home prices.

Mortgage rates are finally falling, but the average family still can’t afford a home
DoNotPay wants to pay an attorney $1 million to argue a Supreme Court case wearing AirPods, repeating exactly what the robot lawyer says.

DoNotPay’s AI robot lawyer wants to argue your case in court
Each year companies head to Las Vegas to show off the hottest tech. Here are the most interesting innovations at CES 2023 in Five For Friday.

Color-changing BMW, flying cars top list of 5 best CES 2023 innovations
Overall consumer prices in December declined 0.1% from November, while annual consumer inflation rose 6.5% from a year ago.

Deflation in December: Consumer prices fall for first time since 2020
In the increasingly politicized climate of banking, Fed Chair Jerome Powell is between a rock and a hard place on perceived climate change risks.

Jerome Powell insists Fed will not become a ‘climate policymaker’
The Committee for a Responsible Federal Budget estimates taking away $72B in IRS funding would actually cost the country $186B in lost revenue.

House Republican vote to strip IRS funding could cost country $114 billion
Deere has been repeatedly sued for allegedly monopolizing the repair market. Now the tractor giant will give farmers the right to repair.

Deere will allow farmers to repair own equipment after years of debate
The U.S. economy added 223,000 jobs in December, the slowest monthly job growth of the year but still beating expectations. Unemployment dropped to 3.5%.

December jobs report shows signs of a slowdown but labor market remains tight
A new year means unfounded predictions for 2023, from gold value rising to $3,000 to billionaires forming an energy coalition.

5 ‘outrageous’ 2023 predictions: Billionaire energy group, gold to $3,000
Amazon is axing 18,000 corporate employees, nearly double previous estimates, and Salesforce announced a 10% staff reduction impacting 8,000 workers.

Amazon, Salesforce announce major layoffs, blame excessive pandemic hiring
Minutes from the Fed's latest meeting show officials worried the market could undermine the Fed's efforts to bring down prices.

Fed shows resolve in interest rate hikes but market still sees pivot in 2023
Disgraced cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty to eight criminal charges Tuesday in federal court.

FTX founder Sam Bankman-Fried pleads not guilty to slew of criminal charges
A series of tweets from China's foreign minister Qin Gang seem to signal a possible softening in China-U.S. relations after a tumultuous 2022.

China’s new Foreign Minister Qin Gang praises US in string of tweets
Elon Musk's Twitter saga was wild but what about these other top stories of 2022? We're recounting the biggest stories of the year in Five For Friday.

Musk’s Twitter takeover tops 5 biggest business stories of 2022
Did the U.S. economy add 10,500 jobs or 1 million jobs during Q2 2022? The Philadelphia Fed data discrepancy is making waves in Washington.

Philadelphia Fed claims government overestimated job growth by +1 million
Whether they seem simply irrelevant or filed for bankruptcy long ago, it's shocking to find out these companies are still in business.

You’ve got mail? Here are 5 companies you probably didn’t know still exist

FTX’s Bankman-Fried released on $250M bail, coworkers plead guilty
The IRS is required to examine tax returns of all sitting presidents, but that rarely happened during Trump's time in office.

IRS failed to perform required audits of Trump’s tax returns
President Biden claimed inflation is coming down in American while rising by double digits in other major economies. The data proves otherwise.

Biden falsely claims inflation in major economies ‘rising in double digits’
While Twitter users overwhelmingly support Elon Musk stepping down as CEO, it may be too late for Musk's golden goose, Tesla.

Elizabeth Warren drills Tesla board over Musk’s Twitter moves, legal conflicts
Ford's F-150 Lightning just won MotorTrend Truck of the Year, but it's not the only legacy model to get the EV treatment.

Electric Ford F-150 wins major award as these 5 iconic vehicles go EV
The feds are cranking up the heat on Big Tech as the FTC takes on Microsoft and Meta in two huge antitrust cases.

FTC swings big against Microsoft, Meta, but may have a losing strategy
The Fed hiked its benchmark interest rate by 50 basis points Wednesday, marking the seventh hike of the year in its efforts to battle inflation.

Fed moderates December interest rate hike but signals it’s still climbing
FTX founder Sam Bankman-Fried is facing U.S. criminal charges Tuesday after being arrested in the Bahamas.

FTX founder Bankman-Fried charged in US, new CEO calls him ‘unsophisticated’