Housing affordability in America is its worst in nearly a decade, and there's one clear culprit

Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.

Xiaomi IPO Set to Be the World's Biggest in Nearly Two Years

Jun.24 -- Xiaomi's IPO is priced at up to 29.3 times forecast earnings and its CFO says the company deserves such a premium. Bloomberg Intelligence's Vey-Sern Ling discusses the IPO on "Bloomberg Markets: Asia."

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  Xiaomi Paves Way With $6.1B IPO

  Bloomberg
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  Discussing China's monetary policy, trade and Xiaomi's IPO

  CNBC.com

Amazon to offer Whole Foods discounts to Prime members nationwide

Amazon rolls out discounts for Prime members in Whole Foods stores nationwide. The Prime member discounts include an additional 10% off sale items, typically hundreds of products throughout the store, plus exclusive weekly deep discounts on select items. To enjoy the exclusive deals, customers need to download the Whole Foods app and login using  their Amazon Prime account or phone number.

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  Amazon Prime members across the country now get more savings at Whole Foods

  Fast Company Magazine
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  Amazon Prime Deals Are Now Available At all whole

  Delish

Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

The health venture established by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. will take aim at intermediaries in the health-care system as a part of a broad effort to reduce wasteful spending, the venture’s newly named chief executive officer said. The still-unnamed business will initially seek to develop ways to improve care for the more than 1 million individuals who get health insurance from the three firms. Over time, the venture will make those innovations available freely to other companies, meaning that if it’s successful, its effects could be felt more broadly among the more than 150 million people in the U.S. who get their health insurance through work.

Former Microsoft CEO Steve Ballmer has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)

The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.

AT&T managers encouraged unethical DirecTV Now sales pitches

There's no question that AT&T really, really likes it when customers sign up for DirecTV Now. It regularly touts the subscriber numbers, and it has lately offset troubles with the telecom's conventional TV business. A Hawaii News Nowinvestigation asserts that AT&T retail managers pressured staff into using unethical sales tactics for DirecTV Now.

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  A Combined T-Mobile-Sprint Could Challenge AT&T's Bundle

  Motley Fool
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  AT&T Is Now Forcing Unlimited Customers to Take a Bundle

  Motley Fool

Shanghai Composite on the Edge of a Bear Market

Jun.24 -- The Shanghai Composite is teetering on the edge of a bear market as investors face the possibility of a U.S.-China trade war. Bloomberg's Divya Balji reports on "Bloomberg Markets: Asia."

Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen

Legendary hedge fund manager Paul Tudor Jones became famous after predicting the market crash of October 19, 1987, known as “Black Monday” when the Dow Jones dropped more than 22%. “The crash of ’87 was really interesting just because the crash of ’87 probably never would have happened except for, again, the market infrastructure at that point in time,” Jones said in a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” series. Jones, 63, began his career at E.F. Hutton as a commodities trader in the cotton pits in 1976 before transitioning to macro trading and founding his hedge fund, Tudor Investment Corp in 1980.