Economy

Homebuilder Confidence Jumps as Fed Rate Cuts Improve Housing Outlook

Builder confidence posted its largest monthly gain since January as Federal Reserve rate cuts began lowering mortgage costs. The improvement comes as private sector data becomes crucial with government housing reports delayed during the shutdown.

Homebuilder Sentiment Rebounds Sharply in October

The National Association of Home Builders/Wells Fargo Housing Market Index reportedly surged five points to 37 in October, marking its highest level since April and the largest monthly improvement since January 2024, according to the latest survey data. The index, which measures builder confidence in current and expected sales conditions, remains below the 50 threshold that separates positive from negative sentiment, indicating that while pessimism is abating, challenging conditions persist across the housing sector.

SoftwareTechnology

Meta Discontinues Desktop Messenger Apps for Windows and macOS, Shifts Focus to Web and Mobile

Meta is discontinuing its standalone Messenger applications for desktop operating systems, with complete shutdown scheduled for December 15. The company is directing users to web-based alternatives and mobile apps for continued messaging access, according to official communications.

Meta Confirms Desktop Messenger App Discontinuation

Meta Platforms is officially shutting down its dedicated Messenger applications for Windows and macOS desktop operating systems, according to reports confirmed to Engadget. The company indicated the apps will cease functioning completely after December 15, after which users will need to transition to web-based or mobile alternatives for accessing their messages outside of phone usage.

CybersecurityPolicy

UK Government Reportedly Considered Destroying Chinese-Linked Data Center Over Security Concerns

The UK government reportedly considered destroying a London data center with Chinese ownership links over security concerns. According to Bloomberg, ministers proposed the extreme measure after the facility storing sensitive government information was acquired by a China-aligned entity.

UK Security Officials Reportedly Proposed Drastic Measures

The UK government under the former Conservative administration reportedly considered destroying a data center in London after it was acquired by an entity with links to China, according to a Bloomberg investigation. Sources indicate that ministers “briefly proposed a plan to destroy the data center before it was made secure in a different way,” though what exactly “destroy” meant in this context remains unspecified.