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US mortgage rates jump by most in 4 years in latest week

The interest rate on the most common US home loan shot up by a quarter percentage point this week to the highest in almost three years on the back of surging government bond yields, dealing another setback to would-be home buyers.The rate on a 30-year, fixed-rate mortgage now averages 7.28%, up from 7.03% a week ago, Freddie Mac data showed on Thursday. It was the largest weekly increase in about four years.Mortgage rates are tied closely to the yield on US 10-year Treasury notes, which this week hit the highest in nearly a quarter century after data showed US economic growth was stronger in

US Energy Secretary Wright 'highly confident' Europe will release diesel stocks

SoftBank completes final phase of $30 billion investment in OpenAI

Business|Economy

Canada is not close to restoring housing affordability, says central bank

Canada is on the right track to addressing the issue of housing affordability but still has a way to go and needs more time, senior Bank of Canada deputy governor Carolyn Rogers said on Thursday.Restoring affordability will require more supply, better planning and infrastructure, regulations that protect resilience, and incentives that do not add demand to a market already short on supply, she told a business audience in Victoria, British Columbia.Here are the highlights of her speech:* As house prices go up they push rents higher as well as limit people's ability to buy, but at the same time

Global M&A deal rush fades in third quarter as rising borrowing costs bite

YPF investors ask U.S. Supreme Court to revive $16.1 billion judgment against Argentina

Business|Finance|Technology

Another Trump meme coin contest promises an ‘exclusive’ dinner with the president

The firm behind President Donald Trump’s meme coin is promoting yet another contest for investors to secure an invitation to “the most exclusive dinner in the world” — a sequel to the May 2025 gala that experts called a textbook pay-to-play scandal.The meme coin’s website on Thursday offered “an evening with 3 Legends and President Donald J. Trump” at his private club in Washington, DC, for the top 185 holders of the $TRUMP coin. The top 29 purchasers of the crypto keepsake will be invited to a VIP reception “with YOUR FAVORITE PRESIDENT,” and the top four will receive an 18-

Putin says Russia will use 'all weapons' in its arsenal if any of its territory is attacked

8 in 10 Americans disapprove of Trump on inflation. That’s extremely rare for a president

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Economy|Interview|Political|US

Trump says he regrets nominating Supreme Court Justices Gorsuch, Barrett and Kavanaugh

US President Donald Trump said he regretted nominating three Supreme Court justices — Neil Gorsuch, Amy Coney Barrett and Brett Kavanaugh — who have opposed him in recent rulings, according to a Time Magazine interview. The Republican president was asked about his recent comments regarding the three conservative justices in the interview, which was conducted on Monday."Do you regret nominating them?" the interviewer asked, referring to Trump's comments in a recent Truth Social post. "Yeah. Yeah," Trump responded, according to a transcript of the interview."What can I do? I put them

Crime|Political|US

Family of Renee Good sues US government and Trump officials over her death

The family of an American woman shot and killed by an Immigration and Customs Enforcement agent has filed two civil lawsuits related to her death, according to court records filed Thursday in Minnesota federal court.Renee Good was killed January 7 by ICE agent Jonathan Ross in Minneapolis during the height of the Department of Homeland Security’s Operation Metro Surge, prompting significant protest in the city and sparking national outrage.“The hole in my family and myself, created by my sister’s passing, is hauntingly apparent,” Good’s brother and plaintiff, Brent Ganger, said at a

8 in 10 Americans disapprove of Trump on inflation. That’s extremely rare for a president

‘It's about time’: Push to change NY rape law after disturbing Cornell allegations

Business|Economy|Finance|Stock Markets|US

The war with Iran upended markets this month. There were losers — and winners

It’s been a brutal month for bonds — but stocks mostly shrugged off the turmoil.Bond yields hit their highest levels in years, Brent crude rose back above $100 per barrel and central banks around the globe raised interest rates. Yet the S&P 500 ended the month close to flat, posting a loss of just 0.45% — a surprisingly calm performance given the pressure building elsewhere in markets.There are tensions in markets as bond yields hit multi-year highs, but stock indexes like the S&P 500 continue to tread water. The disconnect is raising questions about how long stocks can withstand the imp

Political|Technology|US

Hegseth announces new autonomous weapons command while repeating attacks on ‘woke’ culture during speech to troops

Secretary of Defense Pete Hegseth announced a new Pentagon autonomous warfare command in a speech on Wednesday to troops at the military base in Quantico, Virginia, a sequel to the speech he delivered last year to senior officers that focused on fitness and culture.Hegseth said the new Autonomous Warfare Command, which will focus on AI robotics and autonomous weapons, will be led by a four-star general, a sign that it will have a key role in future military operations.“The autonomous and robotic revolution has enormous implications for equipment, doctrine, organization, and the assumptions t

Cornell University agrees to independent investigation into its handling of alleged sexual assault case

GOP senator blocks resolution that criticized Trump’s taxpayer-funded ads

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Crime|Political|World

Christa Pike getting "life-saving medical care" after surviving Tennessee execution

Christa Pike was critically ill and receiving "life-saving medical care" in a Nashville hospital on Thursday hours after she survived two attempts by Tennessee to execute her with lethal injections, her lawyers said, renewing scrutiny of capital punishment in the US.Pike, 50, was sentenced to death in the 1990s after being convicted of a murder she carried out as a teenager. Her botched execution on Wednesday at the Riverbend Maximum Security Institution, the second this year in Tennessee, highlights the difficulties US states face in carrying out lethal injections and finding suitable alter

Arts|Economy|Entertainment|Finance|World

Bond market bust: The 10-year Treasury yield hit its highest level since 2002

In the latest dubious milestone for the US bond market, the yield on the 10-year benchmark Treasury note just hit its highest level since the dot-com bust.At 5.34%, the 10-year yield hasn’t been this high since 2002. It had recently hit its highest level since 2007, and 30-year Treasury yields surged to a more-than-two-decade high.Investors have been selling off bonds and demanding higher rates at government bond auctions as inflation continues to rise. Higher prices degrade investments over time, and bondholders want to ensure they’re compensated for the effects of higher gas and diesel p

Ronaldo quits Portugal camp after learning he won't start game, vows to one day tell truth over exit

Supreme Court lets Trump resume deporting migrants to countries not their own

Sports|Technology|World

The rise of a new soccer star: Who is US teenager Cavan Sullivan?

Americans often say they need to see a superstar to fall in love with a sport, and for years, soccer has come up just short in the US.We had the likes of Clint Dempsey in the past, a clinical Premier League player but not quite the level of a superstar. Next up was Christian Pulisic, dubbed Captain America, who is arguably a bit better but struggles with consistency.But now, following those halcyon World Cup days on home soil, the US has a new star breaking through: 17-year-old Cavan Sullivan.The Philly native has long been on the radar of soccer lovers, ever since he made his Major League Soc

Crime|Health|Political|World

Mamdani releases plan to combat antisemitism amid concerns over his criticism of Israel

Mayor Zohran Mamdani debuted a sweeping plan Tuesday to combat antisemitism and hate crimes against Jewish people in New York City, moving to assuage concerns from critics who see his steadfast denunciations of Israel as antisemitic. The strategy includes increased security funding for synagogues, an increased focus on folding Jewish history into public school education, and a pledge to highlight important Jewish cultural and religious sites in the mayor's day-to-day governance of the city. Mamdani said the overarching goal of the initiative was to “confront the

Scientists deliver ‘starkest warning yet’ of profound changes sweeping the planet’s oceans

‘Violent incident’ between pilots sparks diversion of Israel-bound flight to Saudi Arabia, sources say

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Arts|Political|Sports

Trump’s threats against Olympian leads judge to permanently dismiss Reflecting Pool damage charges

Business|Economy|Finance

Mortgage rates just hit 7.28%. But there are ways to get a lower rate

Political

Supreme Court grants review of Trump administration's mandatory detention policy for immigrants

The Supreme Court has agreed to review a Trump administration policy denying bond hearings for detained immigrants

Business|Economy|Entertainment

Who is Ynon Kreiz, the new co-CEO of the combined Paramount-Warner Bros. company?

Arts|Business|Entertainment|Finance|Technology

Paramount-Warner Bros. merger moves forward after judge approves settlement

Election|Political

Democrats say Sanders needs to step up in midterm fight. His allies say he’s doing more than most.

Election

Early voting data shows emerging signs of a Democratic advantage in the midterms

Arts|Business|Entertainment|Finance

Paramount gets court green light on Warner Bros deal, names Mattel's Kreiz co-CEO

A US judge entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros, ending a months-long holdup, as the company named

Crime|Political

Man arrested on suspicion of planning an attack on the Texas Capitol, authorities say

Authorities say a 40-year-old man has been arrested on suspicion of plotting to attack the Texas Capitol

Election

Rivals for California governor debate over immigration and Trump as ballots go to voters

Democrat Xavier Becerra and Republican Steve Hilton clashed virtually nonstop in the sole televised debate in their contest for California governor

California & Local

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls