The average rate for a 30-year fixed-rate mortgage in the U.S. fell to its lowest level in 15 months, dropping 27 basis points to 6.55% last week. This decline follows signals from the Federal Reserve that it might start cutting policy rates in September, coupled with a slowdown in the job market. Impact on Homebuyers…
Kamala Harris, now running for president with Minnesota Governor Tim Walz as her VP pick, has gained a lead over Donald Trump in several recent polls. SurveyUSA, Morning Consult, YouGov, and CBS News show Harris with a slight edge, while UMass Amherst reports a seven-point swing in her favor since January. The positive trend comes…
Tim Walz Joins Kamala Harris as Running Mate Kamala Harris has chosen Minnesota Governor Tim Walz as her vice presidential running mate. Walz, 60, brings a blend of political expertise, appeal across suburban and rural areas, and progressive values that could help the Democrats secure a 2024 victory against Trump and Vance. Walz’s Background Born…
Bitcoin enthusiasts are optimistic about new all-time highs for the cryptocurrency despite a recent downturn that saw its value drop 20% between Sunday and Monday. The price has since rebounded to about $58,000, down 14% for the week. Experts like Martin Leinweber from MarketVector and Onramp Bitcoin’s Mark Connors maintain that Bitcoin could surpass $100,000…
Market Turmoil and Nvidia’s Slide Monday saw a brutal global sell-off, with the S&P 500 and Dow Jones suffering their worst days in nearly two years. A weaker-than-expected U.S. jobs report and concerns over interest rates have investors on edge. Among those hit hard is Nvidia (NASDAQ: NVDA), which saw its stock price drop 11%…
Budget Airlines Transforming Business Models Budget airlines like Spirit, Frontier, and Southwest are making significant changes to their business models in an attempt to boost revenue, causing concern among budget travelers. Spirit Airlines is adding higher-spending customer options, which might limit the availability of its cheapest flights. Similarly, Frontier is bundling services and offering more…
Dell to Cut Over 12,000 Jobs to Streamline Operations Dell Technologies is undergoing significant restructuring, focusing on its sales and marketing divisions. This reorganization includes the formation of a new team dedicated to artificial intelligence (AI) services. Initial reports suggested approximately 12,500 employees, around 10% of Dell’s global workforce, might be affected. However, these numbers…
In a recent interview with an Australian daily, seasoned journalist and TV host Sarah Ferguson labeled Hollywood star Ben Affleck as her “worst” interview subject ever. Affleck’s appearance on her show “7.30” in March of the previous year, where he was promoting his film “Air,” was described as particularly unpleasant. Ferguson recounted that Affleck was…
A luxury Parisian hotel has issued an apology to tennis star Serena Williams after she and her family were turned away from its rooftop restaurant. Williams shared her disappointment on social media, noting that she had never been denied access with her children before. “Yikes @peninsulaparis I’ve been denied access to rooftop to eat in…
A U.S. judge’s ruling that Google operates an illegal monopoly could jeopardize its $20 billion annual deal with Apple. This agreement makes Google’s search engine the default on Apple devices, contributing significantly to Apple’s profits. Analysts estimate that terminating this deal could reduce Apple’s profits by 4-6%. The agreement is valid until at least September…
