Mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.12%, the highest since last month. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal Reserve Chairman Jerome

On Wednesday night, Senate Democrats joined forces to oppose the inclusion of a new office responsible for auditing US military assistance to Ukraine. The proposed Office of the Lead Inspector General for Ukraine Assistance was part of an amendment to the fiscal year 2024 National Defense Authorization Act (NDAA) within

Young male virginity is on the rise, per WaPo. It’s probably a pretty good proxy for virginity, but it will underestimate it some. According to the US Census, about half of men are not virgins at age 18. But per Data Psychology: 50.52% of men between 18-20

During a weekly Republican leadership news conference on Wednesday afternoon, Senate Minority Leader Mitch McConnell experienced a sudden pause in his speech, freezing momentarily before falling silent and stepping away. McConnell, who was discussing an annual defense policy bill, remained silent for 19 seconds, raising concerns among his Republican colleagues.

The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock, $BLK, has said. BlackRock issued a warning that the US economy may experience chaos due to the risks of rollercoaster inflation and an unusual "full employment recession.

Netflix, $NFLX, has listed a $900,000 AI job as actors and writers continue to strike. The job listing indicates that Netflix plans to leverage AI for "creating high-quality content" rather than solely focusing on developing new algorithms to recommend shows and movies. The company aims to

Only 23% of homes in the US are affordable to middle-income buyers, per the National Association of Realtors. A year ago, 50% were. 3 years ago, the average 30-year mortgage rate was 2.98%, per Charlie Bilello. The median existing home price in the US was $294,000

3 years ago, the average 30-year mortgage rate was 2.98%, per Charlie Bilello. The median existing home price in the US was $294,000 . Currently, the 30-year mortgage rate is 6.78% and the median home price is $410,000. Meanwhile, a recent report from the National

The U.S. Virgin Islands wants a judge to declare that JPMorgan, $JPM, participated in Epstein’s sex trafficking and obstructed law enforcement, per NBC. Recently, other allegations were noted. For example: Jeffrey Epstein helped Apollo Global Management co-founder Leon Black avoid over $1 billion in future gift and

The Federal Reserve has hiked rates by 25 BPS. The Federal Reserve has approved an interest rate hike, which brings benchmark borrowing costs to their highest level in more than 22 years. 1. The Federal Open Market Committee (FOMC) raised its funds rate by a quarter percentage point to a

Bitcoin could soar to $180,000 before the April 2024 halving, Fundstrat  has said. Standard Chartered has given its predictions regarding Bitcoin, saying that the top crypto could reach $120,000 by the end of 2024. For the end of this year, the expectation is that BTC will reach $50,

Jeffrey Epstein helped Apollo Global Management co-founder Leon Black avoid over $1 billion in future gift and estate taxes – and was paid about $158 million for his advice. The Senate Finance Committee is investigating $158 million paid to accused sex-trafficker Jeffrey Epstein by billionaire and Apollo Global Management

The Internal Revenue Service (IRS) recently announced a significant reduction in unannounced visits to homes and businesses, citing safety concerns for its officers and the risk of scammers posing as agency employees. Traditionally, these door visits were conducted to collect unpaid taxes and unfiled tax returns. However, effective immediately, such

House Speaker Kevin McCarthy (R-CA) recently disclosed that the Republican-controlled House is edging closer to launching an impeachment investigation against President Joe Biden. The basis for these claims revolves around allegations that Biden received millions of dollars in bribes from foreign governments. The impetus for this movement came

During his campaign, President Joe Biden promised to create a strict separation between his official duties and his family's private business interests. The White House repeatedly emphasized this "absolute wall" when questions arose about Hunter Biden's art career. In 2021, an art gallery in

Citadel Securities, founded by Ken Griffin, experienced a 35% decline in net trading revenue during the first half of the year compared to the previous year's surge driven by volatility. Despite the drop, the market maker still managed to generate $2.73 billion in revenue in the first

There are more players in the NBA making $30M+ per year, than there are CEOs of S&P500 companies who make the same amount, per WSJ. Meanwhile, Economic Policy Institution reported that CEO's average pay rose by 11% from 2020 to 2021. The increase means the average

A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of homes available are beyond the reach of middle-class buyers. The primary cause of this affordability crisis is the scarcity of housing supply, which

Customs records obtained by POLITICO reveal that Russian buyers have placed orders for hundreds of thousands of bulletproof vests and helmets manufactured by Shanghai H Win. The items listed in the documents match those found in the company's online catalog. This evidence indicates that China, despite publicly advocating

Lionel Messi's highly anticipated debut with Inter Miami CF exceeded all expectations. In the closing moments of the 2023 Leagues Cup first game, Messi earned a free kick just outside the box. With his renowned left foot, he executed the shot flawlessly, securing a game-winning goal in

Dubbed "Barbenheimer," the simultaneous release of the highly anticipated films "Barbie" and "Oppenheimer" has sparked a cultural sensation, with moviegoers planning double-feature trips to cinemas. Erik Davis, the managing director at Fandango, describes this weekend as an instant pop culture phenomenon and the

The State of the Nation's Housing 2023, a report published by Harvard's Joint Center for Housing Studies, reveals that a record number of American renters are facing significant financial burdens due to rising rents. A staggering 21.6 million households, equivalent to a substantial portion of

According to a report by the McKinsey Global Institute, there is a forecast that office property values in nine major U.S. cities could potentially decrease by $800 billion over the next seven years. The prediction is based on a "moderate" scenario, in which the demand for office

A recent Federal Reserve survey indicates that Americans are facing a growing likelihood of credit application rejections due to a combination of high interest rates and a cautious approach by lenders in the country. The survey reveals that the rejection rate for loan applicants surged to 21.8% during the

According to a recent lawsuit, FTX, a crypto exchange, expressed an interest in acquiring the Pacific island nation of Nauru to construct a secure bunker in case of an apocalyptic event. The lawsuit was filed against FTX's founders, including Sam Bankman-Fried, with the exchange seeking $1 billion,