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Mortgage rates are surging ahead of the Fed’s expected rate cut. What gives?
Mortgage rates are rising sharply even though the Federal Reserve is expected to cut interest rates later this week. That’s contrary to how rates traditionally have moved ahead of anticipated Fed cuts. Typically when the Fed is expected to keep cutting rates, financial markets factor in the move, and traders then push the 10-year Treasury…
Trump announces steep tariffs on 14 countries starting Aug. 1
At least 14 countries’ imports are set to face steep blanket tariffs starting Aug. 1, President Donald Trump revealed Monday. The president, in a series of social media posts, shared screenshots of form letters dictating new tariff rates to the leaders of Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos and Myanmar. Later in the day, he shared another set of seven letters, to the leaders of Bosnia…
ABC News Overhauls ‘GMA3′ Anchors
It’s time for a fourth grouping of anchors at ABC News’ “GMA3.” The Disney-backed news outlet is overhauling — yet again — the anchor lineup for the afternoon hour, this time likely giving more air time to various anchors and correspondents from “Good Morning America,” including weekend hosts such as Gio Benitez orthe weekday broadcast’s…
SpaceX explosion triggers emergencies
A Wall Street Journal report this month revealed that leaked Federal Aviation Administration (FAA) documents showed that a mid-air explosion of a SpaceX Starship (Flight 7) over the Caribbean occurred in January 2025. The explosion sparked fuel emergencies that were declared by commercial airline pilots forced into dangerous situations in the sky. The explosion occurred less than…
Julian McMahon, star of ‘Nip/Tuck’ and ‘Fantastic Four’ dies at 56
Actor Julian McMahon, who was known for playing Dr. Doom in the early 2000s “Fantastic Four” movies and starring in fan favorite shows including “Nip/Tuck” and “Charmed,” has died. He was 56. McMahon “died peacefully this week after a valiant effort to overcome cancer,” his wife, Kelly McMahon, said in a statement. “Julian loved life….
Falcons’ embarrassing blunder helps 49ers seal 20-10 victory
SANTA CLARA, Calif. (AP) — On the biggest defensive play of the game, the Atlanta Falcons had a key piece missing: an 11th man on the field. The San Francisco 49ers took advantage of that blunder to convert a key third down that set up the touchdown that helped seal a 20-10 victory over Atlanta on…