Homeowners and home buyers seize a brief — but steep — drop in mortgage rates

Federal Reserve Chair Jerome Powell stated that the decision to maintain interest rates this year was influenced by President Trump's tariffs, which have led to increased inflation forecasts. While tariffs have not yet significantly impacted the U.S. economy, Powell emphasized the need for the Fed to monitor their effects, asserting the importance of keeping central banking decisions free from political pressure. Explain It To Me Like I'm 5: Federal Reserve Chair Jerome Powell said that...

The jury in Sean "Diddy" Combs' federal sex trafficking and racketeering trial reached a partial verdict, agreeing on four out of five counts but needing further deliberation on the racketeering conspiracy charge. Combs faces serious allegations, including sex trafficking and transportation for prostitution, with testimonies revealing a history of abuse; he has pleaded not guilty and opted not to testify. Explain It To Me Like I'm 5: Sean "Diddy" Combs is on trial for serious...

President Trump visited the new detention center in Florida's Everglades, dubbed "Alligator Alcatraz," which is set to hold 1,000 migrants and aims to address illegal immigration. The facility, surrounded by dangerous wildlife, has faced opposition due to potential environmental impacts on the sensitive ecosystem, raising concerns about its long-term implications. Explain It To Me Like I'm 5: President Trump visited a new detention center in Florida, called "Alligator Alcatraz," which will hold about 1,000 migrants...

Televangelist Jimmy Swaggart, known for his large following and scandals, passed away at 90, as announced by his ministry's SonLife Broadcasting Network. He gained fame in the 1980s, faced controversies including multiple sex scandals, and was defrocked by the Assemblies of God, yet continued to preach and run his ministry until his death. Explain It To Me Like I'm 5: Jimmy Swaggart, a famous TV preacher who talked about God and had some big troubles,...

President Trump's immigration enforcement has shifted from targeting primarily criminals to increasingly arresting migrants without criminal convictions, with recent data showing that 44% of those detained had no criminal history. This change, particularly noted after May 25, raises concerns regarding the administration's promise to focus on "the worst of the worst," as many arrests now occur in the interior rather than at the border. Explain It To Me Like I'm 5: President Trump initially focused...

A federal judge in Rhode Island halted the Department of Health and Human Services' plan to lay off 10,000 employees and restructure its agencies, citing a lack of rational basis and potential harm to public health services. The ruling followed a lawsuit by 19 Democratic attorneys general, emphasizing the Executive Branch's lack of authority to enact such sweeping changes without Congressional approval. Explain It To Me Like I'm 5: A federal judge in Rhode Island...