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Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates finally eased a bit last week, but it was not enough to light a fire under demand. Total mortgage application volume dropped 2.5% compared with the previous week according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an additional adjustment for the Memorial Day holiday.
Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Mortgage rates moved slightly higher last week, but both current homeowners and potential homebuyers returned to the mortgage market, perhaps for the last spring push. Total mortgage application volume rose 10.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.60% from 6.57%, with points...
Trump rekindles endorsement winning streak as GOP gubernatorial hopeful advances to runoff
One week after President Donald Trump's endorsement winning streak in high-profile Republican primaries was snapped, the president's backing of South Carolina Lt. Gov. Pamela Evette helped boost her bid to succeed term-limited GOP Gov. Henry McMaster. Evette, who was endorsed by Trump a week and a half before Tuesday's primary, will advance to a runoff election in two weeks, The Associated Press reports. The big question is which one of the other major gubernatorial contenders will join Evette.
Trump rekindles endorsement winning streak as GOP gubernatorial hopeful advances to runoff
One week after President Donald Trump's endorsement winning streak in high-profile Republican primaries was snapped, the president's backing of South Carolina Lt. Gov. Pamela Evette helped boost her bid to succeed term-limited GOP Gov. Henry McMaster. Evette, who was endorsed by Trump a week and a half before Tuesday's primary, will advance to a runoff election in two weeks, The Associated Press reports. The big question is which one of the other major gubernatorial contenders will join Evette.
US largest private-sector employer’s message to 2M-plus staff on AI replacing their jobs
Walmart has told its more than 2.1 million employees that AI is meant to improve their jobs, not replace them, reports Financial Times. Speaking at Walmart's annual Associates Week gathering in Arkansas, company leaders said technology will play a bigger role in the future of work, but employees will remain at the center of the business. The comments come at a time when concerns are growing about AI's impact on jobs across industries.
Saturday Citations: Greenland sharks; quantum weirdness; people are mostly pretty chill
June 6, 2026 report Saturday Citations: Greenland sharks; quantum weirdness; people are mostly pretty chill Author Gaby Clark Scientific Editor Robert Egan Associate Editor This week, researchers reported that GLP-1 medications may influence the biology of aging. Hidden meltwater in deep Antarctic coastal waters has a strong climate impact.
Harper on labor talks: 'Can't lose that momentum'
Fear of a tense, prolonged fight over Major League Baseball's new collective bargaining agreement were only exacerbated when owners and players unveiled their initial proposals earlier this week. The MLB Players' Association sought advances to the current economic system, including increases to the minimum salary, higher luxury-tax thresholds and an expansion of the pre-arbitration bonus program unveiled during the last labor fight. The league, representing its 30 owners, pitched something...
Saturday Citations: Failure to launch; cellular mortality; heavy weather
May 30, 2026 report Saturday Citations: Failure to launch; cellular mortality; heavy weather Chris Packham Author Lisa Lock Scientific Editor Robert Egan Associate Editor Highlights from the last week of May, 2026: A key climate tipping point is disrupting the Arctic Ocean food chain (more of a lowlight, I guess). Scuba-diving tourism may not be the benefit to coral reef systems that we once thought, and might actually be unsustainable.
5 takeaways from airline CEOs' biggest annual gathering
RIO DE JANEIRO — Hundreds of airline leaders gathered in Brazil this week at the International Air Transport Association's annual assembly to discuss high fuel costs, sharply lower profits, engine reliability issues and elusive emission reduction goals, among other things. Toward the end of the assembly in Rio de Janeiro, news broke that Iran and Israel traded strikes for the first time since a ceasefire went into effect in April. For airline executives who have faced ongoing turmoil since...
Biggest takeaways from this week's MLB owners meet...
Major League Baseball's owners convened this week at the league's headquarters in New York with plenty to discuss. Last week, the owners and the MLB Players Association exchanged opening proposals for a new collective bargaining agreement. The plans highlighted fundamentally different visions for the sport's economic future and underlined the potential for a long work stoppage.