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A “For Sale” sign hangs next to a property for sale in Alhambra, California.Frederick J. Brown | AFP | Getty ImagesMortgage rates plunged on Friday, a day after President Donald Trump said on social media that he was directing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. “This will lower mortgage rates, lower monthly payments, and make home ownership more affordable,” he said in a post on Truth Social.The 30-year mortgage rate fell 22 basis points to 5.99%, matching its lowest level on February 2, 2023, according to Mortgage News Daily. Fannie Mae and…
Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco on September 13, 2016.San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty ImagesVenture capital firm Andreessen Horowitz has raised $15 billion to shore up bets across a variety of sectors, including infrastructure, health and what the firm calls “American dynamism,” co-founder Ben Horowitz said in a blog post Friday. The bulk of the capital, $6.75 billion, will be earmarked for a growth fund and two $1.7 billion funds, one focused on apps and the other on infrastructure. “At this moment of great technological opportunity,…
The mayor of Minneapolis and local elected officials have called on President Donald Trump’s administration to “embrace the truth” and ensure an impartial investigation into the killing of a city resident by immigration agents earlier this week.Friday’s appeal came a day after the independent state agency announced it had been removed from the Federal Bureau of Investigation (FBI) investigation into the shooting death of Renee Nicole Good, 37, by Immigration and Customs Enforcement (ICE) agents.Recommended stories list of 3 itemsend of listThe unusual move raised concerns that the federal government’s investigation into one of its employees was biased.”Now is not…
Michael Atherton fears England will be ‘haunted’ by their Ashes failure for years to come.England lost the series after just 11 days of cricket after a series of mistakes in the first three Tests in Perth, Brisbane and Adelaide, and criticism for their lean preparation and aggressive style of cricket, as well as for being photographed drinking at a beach break in Noosa midway through the series. A two-day victory in the Boxing Day match at the MCG, England’s first Test win in Australia in 15 years, ended any danger of a 5-0 tie, but they then lost the final…
Meta today announced three contracts to supply nuclear power to its data centers. One contract is with a start-up, one with a small energy company, and one with a large company that already operates multiple nuclear reactors in the United States. Oklo and TerraPower, startups developing small modular reactors (SMRs), have each signed contracts with Meta to build multiple reactors, while Vistra is selling capacity from existing power plants. As AI ambitions grow, nuclear power has become the preferred source for technology companies to provide reliable power 24/7. Startups and established reactors have benefited from the competition for data center…
President Donald Trump indirectly revealed Friday’s market-moving nonfarm payrolls data in a social media post Thursday night, a clear violation of long-standing federal policy regarding the release of statistics.In a post on Truth Social around 9 p.m., the president suggested private sector payrolls would increase by 654,000 for all of 2025, and that total would include Friday’s December payrolls. Office of Management and Budget policy prohibits executive branch officials from commenting on such announcements early, and in fact prohibits them from speaking publicly until 30 minutes after the announcement. CNBC has reached out to the White House for comment. The…
NYSE United Wholesale Mortgage, January 22, 2021.Source: New York Stock ExchangeShares of mortgage companies soared Friday after President Donald Trump directed “lawmakers” to buy mortgage bonds to lower interest rates for homebuyers.President Trump said in a social media post Thursday that he is asking unnamed buyers (it’s not clear whether he means the Treasury Department, Fannie Mae, Freddie Mac or other government agencies) to buy $200 billion in mortgage bonds. Trump said this should lower interest rates and monthly payments, making homeownership more affordable.Federal Housing Finance Agency Commissioner Bill Pulte later posted, “We’re working on it.” President Trump said Fannie…
Li Nuestra Covertura in Spanish. Footage has been released showing Interior Minister Diosdado Cabello surrounded by armed men in Caracas in the early hours of Saturday, shortly after Venezuelan President Nicolas Maduro was captured, blindfolded and taken to the United States. Maduro’s abduction “is a criminal and terrorist attack against our people,” said Cabello, wearing a bulletproof vest and helmet. The sky was still dark and I could hear drones overhead. “We ask people to remain calm,” Cabello continued. “Trust our leadership. Trust our military and political leaders in the situation we face.” That morning, U.S. Attorney General Pam Bondi…
‘Prince’ Naseem Hamed has admitted he ‘regrets’ the souring of his relationship with iconic trainer Brendan Ingle.The long-awaited film Giant was released in the UK this week and chronicles the complicated relationship shared by Ingle and the world champion fighter, who cared for Hamed at Sheffield’s famous Wincobank Gym. Use Chrome Browser for a more accessible video player Hamed looked sensational in 1995 when he stopped Steve Robinson in eight rounds to become WBO world champion. Hamed turned professional at just 18 years old, became European champion at 20, and a year later became WBO world featherweight champion in 1995…
Close-up of hand holding cell phone displaying Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gad | Getty ImagesAmazon Announced on Friday and available now novo nordiskWegovy offers weight loss drugs through its digital pharmacy.Novo Nordisk on Monday began rolling out an oral version of its injectable obesity drug Wegovy in the United States, offering starting doses to cash-paying patients for $149 a month. Patients with insurance can get the pill for just $25 a month. The daily pill enters the market at the lowest cash price in the fast-growing field of obesity and diabetes drugs, long…