Mortgage rates surged 13 basis points to 7.1%, the highest level since mid-February, according to Mortgage News Daily. The increase is largely due to bond yields spiking higher in response to President Donald Trump’s new tariffs on dozens of countries. The yield on the 10-year Treasury also rose, contributing to the surge in mortgage rates. … Read more
NASA’s James Webb Space Telescope has made a groundbreaking discovery that challenges astronomers’ previous understanding of a cosmic event dubbed ZTF SLRN-2020. Initially, scientists believed the phenomenon was caused by a star swallowing its planet, but new data suggests otherwise. In 2020, astronomers noticed a spike in optical light from a specific region in our … Read more
Apple is facing criticism over its struggles to compete in the artificial intelligence (AI) market, with a recent report attributing the company’s slow progress to a surprise source: CFO Luca Maestri and budget constraints. According to Tripp Mickle at The New York Times, Maestri scaled back Apple’s GPU purchase plans in early 2023, reducing the … Read more
Luxury fashion brand Prada has agreed to buy smaller rival Versace from Capri Holdings in a deal worth $1.375 billion, including debt. The move is expected to strengthen Italy’s hand in the luxury industry, which is dominated by French conglomerates such as LVMH. Prada is seeking to expand and capitalize on growing demand for luxury … Read more
Argentina’s trains and subways were disrupted, flights grounded, grain shipments halted, deliveries stopped, and banks closed as unions led a general strike against President Javier Milei’s austerity measures. The 24-hour stoppage, which began on Wednesday night, aimed to bring the country to a standstill. The main union confederation, CGT, called for fair collective bargaining, solidarity … Read more
Swiss pharmaceutical giant Novartis has announced a massive $23 billion investment in US-based production, sparking hopes that President Donald Trump’s tariffs are working. The move is seen as a significant response to the president’s efforts to encourage companies to shift manufacturing from overseas to the US. Novartis, which produces top-selling drugs such as Entresto and … Read more
Dallas Mavericks fans gathered at the arena hours before tip-off, a mix of emotions filled the air as they waited for Luka Doncic to return to the building he called home for six and a half seasons. The Slovenian superstar played his first game back in front of his former franchise after being traded to … Read more
The US dollar has lost its status as a safe-haven currency due to President Donald Trump’s chaotic tariffs, sparking trade turmoil and undermining decades of trust in the world’s reserve currency. The sudden loss of confidence has been evident in the Treasury market, where borrowing costs have increased significantly since 1982. Experts warn that the … Read more
Google DeepMind has announced it will adopt Anthropic’s Model Context Protocol (MCP) standard for connecting AI models to data sources, following a similar move by OpenAI just weeks ago. CEO Demis Hassabis stated that MCP is an “open standard” rapidly becoming essential in the AI agentic era and expressed enthusiasm for further development with the … Read more
Golf analyst Paul McGinley believes that slow play by his playing partner Akshay Bhatia contributed to Rory McIlroy’s collapse on the 15th hole of the 2025 Masters. However, McGinley quickly clarified that he doesn’t blame Bhatia or other players for McIlroy’s double bogey. Instead, he put the blame squarely on McIlroy’s shoulders, arguing that “great … Read more