Home sales jump in August to reach a three-year peak.
Surge in New Home Sales in August New home sales exceeded expectations in August, reaching their highest rate in over three years. Sales of new single-family homes jumped 20.5% from a seasonally adjusted annual rate of 800,000 units. Government estimates released on Wednesday showed this rate was also up 15% compared to last year, marking […]
Bessent: US investments in Argentina could depend on the outcomes of the elections
Treasury Secretary Scott Bescent has put forward a plan to attract investments in Argentina from several major companies in the United States. In a social media post on Wednesday, Bescent shared some of the measures the U.S. is undertaking to bolster Argentina’s economy and financial sector. These include an undisclosed amount of liability, a commitment […]
Amazon pulls back 500,000 items from its site
The US Consumer Product Safety Commission (CPSC) has initiated a recall affecting around 500,000 items that were sold through Amazon. This recall includes several products like power banks, children’s helmets, dressers, portable fans, crib mobiles, and baby loungers. The safety issues raised range from risks of fire to potential suffocation and injury. Here’s a summary […]
What are the expected IRS tax brackets for 2026? New estimates indicate rises in thresholds.
(Nexstar) – Last week, Americans experienced a slight financial relief as the Federal Reserve decided to cut interest rates for the first time this year. This move hints that more rate cuts might be on the way in the near future. Typically, in the fall, the IRS announces updates that will affect how taxes are […]
Powell indicates the Federal Reserve should take its time with interest rate reductions.
Federal Reserve Chair’s Cautious Stance on Interest Rates WASHINGTON — On Tuesday, Federal Reserve Chair Jerome Powell exhibited a measured approach regarding potential interest rate cuts, differing from other Fed officials who are advocating for a more immediate action. Speaking from Providence, Rhode Island, Powell highlighted the risks associated with achieving both maximum employment and […]
Nexstar announces it will keep interrupting Kimmel before late night comeback
Nexstar Media Group, the largest local news provider in the U.S., announced on Tuesday that it will not air comedian Jimmy Kimmel’s late-night show on ABC as he prepares to return this week. Kimmel was suspended by ABC after making comments during his opening monologue where he criticized President Trump and accused conservatives of leveraging […]
MacKenzie Scott gives $70 million to UNCF to support HBCUs
Mackenzie Scott Donates $70 Million to UNCF Billionaire philanthropist Mackenzie Scott recently made headlines by donating $70 million to the United Negro College Fund (UNCF), noted for being the leading private supplier of scholarships to Historically Black Colleges and Universities (HBCUs). This contribution is among Scott’s largest individual donations and marks one of the first […]
Many stars and creators support Kimmel in a letter from the ACLU.
Support for Jimmy Kimmel Amidst Controversy A significant number of stars and creators have signed a letter from the American Civil Liberties Union (ACLU) backing comedian Jimmy Kimmel following an uncertain suspension from ABC, allegedly due to pressure from the Federal Communications Commission (FCC) chief. “We must never accept the government’s threat to freedom of […]
Congress in a standoff over budget as deadline approaches
Congress is heading toward a government shutdown at the end of the month, with both parties pointing fingers at each other and showing no signs of compromise. This week, members from both chambers are back in their districts after the House advanced a GOP funding proposal that the Senate promptly rejected. Senators are on break […]
What is co-buying, the new strategy for homeownership among Gen Z?
As the housing market continues to shift, many younger Americans, facing rising costs, are starting to rethink their home-buying strategies. The average age of first-time homebuyers has now reached 56 years old, prompting a search for alternative routes to owning a home. One increasingly popular approach is “co-buying.” Recent data indicates that about 15% of […]