U.S. home sales in July rose 2 percent above June’s, a 0.8-percent increase year on year, the National Association of Realtors (NAR) reported.
Category: 26 August 2025
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POWELL SIGNALS AN INTEREST RATE CUT IN SEPTEMBER
Speaking on 22 August at the global central bankers’ retreat in Wyoming, Jerome Powell, chair of the U.S. Federal Reserve, indicated the Fed will probably cut its key interest rate next month.
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INVESTORS REDISCOVER THE S&P 500’S OTHER 493 STOCKS
With megatech stocks coming to be seen as overvalued, investors are turning their attention away from the “Magnificent Seven” giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—that have fueled U.S. equity markets’ long-running rally.
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TECH STOCKS TUMBLE ON FEARS THAT AI HAS BEEN OVERPLAYED
Tech stocks shed value last week after a Massachusetts Institute of Technology report said that only 5 percent of companies that have adopted artificial intelligence (AI) have made a profitable use of it and that half of corporate AI experiments have failed.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. Office of Personnel Management expects a total of 300,000 layoffs of federal workers by the end of the year. John Krupp, the director of the agency, said 154,000 workers accepted the voluntary separation incentive payments that were offered earlier this year.
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HIGH LEVELS OF HI-TECH RADIATION INSIDE HOMES MAY BE LINKED TO DEVELOPMENTAL DELAYS
A newly published study raised alarm over developmental risks that wireless radiation inside homes poses to babies as they develop various milestones, like their fine motor skills and problem-solving capabilities, finding that these frequencies have greater impact on children than adults.
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AMERICANS NO LONGER READ FOR PLEASURE, NEW SURVEY FINDS
Long gone are the days when Americans would sit down with a good book to read for the sake of reading and enjoyment, according to a newly released survey.
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FOX NEWS PRESSTITUTES WORKED TO PROTECT TRUMP, ACCORDING TO COURT DOCUMENTS
Fox News was embarrassed last week when court documents were released from the Smartmatic lawsuit against Fox Corporation that revealed a behind-the-scenes effort by prominent hosts on the network trying to help President Donald Trump be re-elected in 2020—even after the contested election.
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HUCKABEE REPEATS EXTREMIST ISRAELI LINE: THE MORE EUROPE CALLS FOR TWO-STATE SOLUTION, THE MORE OUT OF REACH IT BECOMES
Mike Huckabee, the U.S. ambassador to Israel, said last week that when European leaders make “noise” about a Palestinian state, the effort turns out to have a “counterproductive effect that they probably think that they want.”