The average rate on a 30-year US mortgage has declined for the third consecutive week, easing concerns for prospective homebuyers entering the spring market. According to Freddie Mac, the average rate fell from 6.95% last week to 6.89%, marking a significant decrease from its 2023 peak of 7.08%. A year ago, it averaged 6.64%. The … Read more
A new wave of regulatory changes could propel cryptocurrency adoption forward. In January, the SEC formed a task force to develop clearer guidelines and rescinded SAB 121, which restricted banks from holding digital assets as custodians. President Trump’s executive order aims to strengthen U.S. leadership in digital finance. According to Morningstar analysts, by 2033, the … Read more
Bill Gates, co-founder of Microsoft, has expressed his disappointment in Intel’s struggles to improve its chip design and fabrication capabilities. Gates refers to Intel as “behind” in these areas, which are capital-intensive and crucial for the company’s success. Pat Gelsinger, who returned as CEO in 2021, attempted to turn around Intel’s fortunes but retired last … Read more
Surf and skate-inspired clothing brands, including Billabong, Quiksilver, Volcom, and more, are expected to close stores in Hawaii by 2025. The closures come after Liberated Brands filed for bankruptcy and affected brands’ locations already started holding sales. Retail experts say that surfwear store closures hit especially hard in Hawaii, where residents have adapted to changing … Read more
President Trump has repeatedly demanded lower interest rates, echoing his 2018 style of “jawboning” the Federal Reserve. However, his administration now appears to be taking a more subtle approach. According to Treasury Secretary Scott Bessent, the goal is to bring long-term interest rates down, not solely through Fed rate cuts. The Fed controls short-term rates, … Read more
The Democratic Party has seemingly found its footing after a period of listlessness, shifting its attention towards a new target: billionaire entrepreneur Elon Musk. Instead of focusing on President Donald Trump, Democrats are now positioning themselves to attack Musk’s business empire and policies. As evidence mounts, it appears that this strategic move could be a … Read more
Treasury Secretary Scott Bessent stated that the Trump administration is prioritizing low treasury yields over Federal Reserve rate cuts. Unlike during his first term, Trump will not be pressuring the Fed to lower interest rates. Instead, the administration is focusing on fiscal policy tools to keep rates low. Bessent emphasized the president’s goal of lower … Read more
A growing outbreak of bird flu in southwest Ohio has raised concerns among pet owners, particularly those with outdoor cats. Dr. Nicholas Ballaban Prather, a veterinarian at Middendorf Animal Hospital and Laser Centre, is urging pet owners to remain vigilant but not panicked. The virus is often deadly to birds, causing massive die-offs and respiratory … Read more
Amazon has announced plans to increase its capital expenditures to $100 billion in 2025, mainly driven by investments in artificial intelligence. This represents a significant jump from last year’s spending of around $83 billion. CEO Andy Jassy had predicted this increased spending, citing the growing demand for generative AI. The company is rapidly expanding its … Read more
LIV Golf has made significant changes to its scoring format ahead of its season-opening tournament in Riyadh, Saudi Arabia. For the first time in the circuit’s history, every player’s score in every round will count toward their team’s total score. The change means that players’ performance is now under greater scrutiny, and high scores can … Read more