Hi, MarketWatchers. Don’t miss these top stories.
Biden’s pick to lead the IRS faces tough questions: ‘Will the IRS be honest and fully and deeply transparent?’
Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today. Read More
Is the post office open on Presidents Day? Are banks and schools open?
The federal holiday, which falls on Feb. 20 this year, is still officially called Washington’s Birthday but now honors all U.S. presidents. Read More
Investors are pulling back from the housing market, buying half as many homes as a year ago, Redfin says
Home purchases by investors fell 46% in the fourth quarter over the same period the year before, a new report finds. Read More
U.S. families at risk of eviction during pandemic got nearly 10 million rent-relief payments, Treasury Department says
It may have averted ‘what many predicted would be a wave of evictions during the pandemic,’ Deputy Treasury Secretary Adewale Adeyemo said. Read More
U.S. builder confidence rises for second consecutive month, to highest level since September 2022
U.S. home builder sentiment rose for the second month in a row in February, the National Association of Home Builders said. Read More
U.S. mortgage rates rise across the board, breaking a five-week downward streak
U.S. mortgage applications fell 7.7% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.39%. Read More
Airbnb providing emergency housing for Turkey earthquake rescuers, and says it will help survivors soon
Airbnb’s nonprofit arm also helped facilitate temporary free shelter for people fleeing Ukraine and Afghanistan. Read More
Forbidden fruit: 8 luxury cars you can’t get in the U.S.
Here are some of the weirdest and coolest luxury cars available in China that aren’t available in the U.S., some of which come from Detroit automakers. Read More