The housing market is in a bubble, but home prices may not fall anytime soon, says regulator who oversaw last crash

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An above shot of houses, yards, and streets.
US housing market

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  • There's a "classic supply-demand imbalance" in the housing market, Shiela Bair told CNN.
  • The former FDIC chair, who served during 2008 housing crash, said home prices are unlikely to ease anytime soon.
  • A crash today won't be as bad as last time because homeowners have more equity in their houses, Bair added.

Anyone who hasn't been living under a rock knows the

Economy

Sony will let you stream PS5 games to the PS5 very soon

The Verge
A PlayStation 5 DualSense controller rests on a PlayStation 5 console.
Photo by Vjeran Pavic / The Verge

Sony is set to officially launch the ability to play cloud-streamed PS5 games on your PS5 in Japan, Europe, and North America beginning later in October, the company announced in a PlayStation Blog post on Wednesday.

Streaming PS5 games will be a perk for people who subscribe to PlayStation Plus Premium, the most expensive tier of Sony’s

Here's the military support the US is sending toward Israel, from US Navy ships to munitions

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A photo of rockets intercepting each other in the night sky.
Missiles launched from the Iron Dome defense system attempting to intercept a rocket fired from the Gaza strip.

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  • The US is sending munitions, aircraft carriers, and fighter jets toward Israel after the Hamas attacks. 
  • The aid package includes the newest and most advanced aircraft carrier, the USS Gerald R. Ford. 
  • Specific munitions are uncertain, but Israel needs

EU gives Meta 24 hours to respond to pro-Hamas content

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Illustration: The Verge

European Commissioner Thierry Breton warned Meta CEO Mark Zuckerberg Wednesday that failing to remove pro-Hamas content across his platforms could put the company in violation of new EU moderation regulations.

In a letter to Zuckerberg Wednesday, Breton urged Meta “to be very vigilant” in removing illegal terrorist content and hate speech amid the

Marvel is already ‘rebooting’ its upcoming Daredevil Disney Plus reboot

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A man in a red armored superhero costume.
Charlie Cox as Daredevil. | Image: Netflix / Marvel Studios

Daredevil: Born Again — Marvel Studios’ forthcoming live-action Daredevil reboot — is meant to further reintroduce Charlie Cox’s Matt Murdock to the Marvel Cinematic Universe following the winding down of the studio’s yearslong partnership with Netflix, where the original Daredevil series previously streamed. While