Thought the housing market was tough before? Just wait

If you've been waiting for mortgage rates to drop before buying a house, prepare to wait even longer. Rates are approaching 7% for the first time since January 2025, further slowing a housing market that's already been in suspended animation for years. "[S]eeing a mortgage rate that starts with a seven could be enough to make some buyers reconsider a purchase they were already stretching to make," notes economist Thomas J. Thompson. Plus, wage growth is slow, and home prices now sit around 60% higher than pre-pandemic, compounding the stressors for potential buyers.

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Thought the housing market was tough before? Just wait

Mortgage rates are once again approaching the 7% mark, threatening to further weigh on an already sluggish U.S. housing market and forcing potential buyers to reconsider whether they can afford to purchase a home. Rates are nearing 7% for the first time since January 2025, according to recent market data, adding...

Senate blocks crypto-industry-backed Clarity Act bill

The Senate on Tuesday blocked legislation to overhaul the regulatory framework for cryptocurrency markets, marking a major setback for the digital asset industry. The 50-49 vote halted the Clarity Act, which aimed to bolster anti-money laundering measures and split oversight between the Securities Exchange Commission and the Commodity Futures Trading Commission. The House passed the bill last year, but it has repeatedly stalled in the Senate. The setback sent Bitcoin down as much as 5%, while shares of Coinbase and Circle sank more than 10%.

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Senate blocks crypto-industry-backed Clarity Act bill

The U.S. Senate has blocked legislation that would establish a broad federal regulatory framework for cryptocurrency markets, dealing a major setback to an industry that has spent months pushing for clearer rules. Senators voted 50-49 on Tuesday against advancing the Digital Asset Market Clarity Act, commonly known as...

Starbucks tries to build buzz with viral Snoopy cup

Starbucks is trying to rebuild buzz and boost foot traffic by offering another viral cup — this time a limited-edition Snoopy glass that's already reselling for five times its $40 purchase price. The cup, part of a larger Peanuts merchandise launch that began at select stores Tuesday, depicts the iconic cartoon dog wearing a Starbucks-green scarf and orange beanie. While some customers lined up at 2 a.m. to successfully snag a cup, others lamented the fact that cups quickly sold out and weren't available at all Starbucks locations.

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Starbucks tries to build buzz with viral Snoopy cup

Starbucks is once again using limited-edition merchandise to generate excitement around its stores, and this time Snoopy is driving the frenzy. The coffee chain launched a new Peanuts merchandise collection at select locations Tuesday, featuring a limited-edition glass showcasing Snoopy in a Starbucks-green scarf and...

'Widow's Bay' sweeps Emmy Awards in major coup

Apple TV's "Widow's Bay" swept the 78th Primetime Emmy Awards Monday night, with its total haul of 14 statuettes setting a new record for the most wins by a comedy series in a single year. The first-year series helped give the streamer its best-ever Emmy showing, as it led all outlets with 28 wins. (Fellow freshman Apple TV series "Pluribus" collected six awards.) Perennial Emmy favorite HBO Max was close behind with 21 wins, including seven apiece for "DTF St. Louis" and "The Pitt."

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'Widow's Bay' sweeps Emmy Awards in major coup

Apple TV had a historic night at the 78th Primetime Emmy Awards on Monday, with its breakout comedy series “Widow’s Bay” leading a record-setting performance for the streaming service. The first-year series collected 14 statuettes, setting a new record for the most Emmy wins by a comedy series in a single year...

Women athletes fire back at Sydney Sweeney Novig ad

The backlash continues for Novig's provocative Sydney Sweeney ad — and this time the outrage is coming from women athletes. A number have posted on LinkedIn to express their disappointment at the prediction market's depiction of Sweeney in various states of undress, using the tagline, "This is what a woman in sports looks like." Runner Paola Handley decried the ad as "frustratingly tone deaf," while elsewhere, Australian Olympian Ariarne Titmus considered it, "a kick in the face to every woman who has dedicated her life to perfecting her craft."

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Women athletes fire back at Sydney Sweeney Novig ad

Novig’s provocative advertising campaign featuring actress Sydney Sweeney is facing a new wave of criticism, this time from women athletes who say the campaign sends the wrong message about women in sports. The prediction-market company’s ad, which features Sweeney in various states of undress alongside sports...

Disney mandates more workers return to office

Disney is requiring that some remote members of its product and tech teams return to the office four days a week, NCCapital reports, citing an unnamed source. The change brings those teams more closely into alignment with the company's overall in-person policy. Employees who don't agree to return can be fired. Disney has tightened its RTO mandates since Josh D'Amaro took over as CEO and instituted a "One Disney" vision. Some on LinkedIn see the step as necessary to boost collaboration, while others question the impact on quality of life.

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Disney mandates more workers return to office

Disney is tightening its return-to-office requirements, with some remote employees across its product and technology teams now being asked to work from a company office four days a week, according to Business Insider, which cited a person familiar with the matter. The move narrows exceptions that had allowed certain...