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Mortgage rates increased overall this week, with 30-year mortgage rates ticking up closer to 7%, according to Freddie Mac. This means mortgage rates should go down in the coming months and years. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Argentina wins penalty shootout to reach semifinals, Messi misses from spot
▼ + stars: | 2024-07-04 | by ( Felipe Cardenas | Paul Tenorio | ) www.nytimes.com time to read: +9 min

Messi missed Argentina’s opener but penalty king Emiliano Martinez saved Argentina’s blushes, stopping Ecuador twice to see his side progress to the last four. Every time Messi floated wide to try to get on the ball in space, Ecuador closed down with multiple defenders. Lisando Martinez, unmarked at the far post, calmly headed the ball into the net to score his first goal for Argentina. Through the first 30 minutes, Ecuador had fairly good control of the game. On the ball, Ecuador was pushing quickly up the field, especially through the left side and Jeremy Sarmiento.

Persons: Lionel Messi, Lisandro Martinez, Enner Valencia, Kevin Rodriguez, Messi, Emiliano Martinez, Argentina’s, ”, ” Martinez, Logan Riely, Felipe Cardenas, Paul Tenorio, Emi Martinez, Angel Mena, Julian Alvarez, Alan Minda, Martinez, Alexis Mac Allister, John Yeboah, Gonzalo Montiel, Nicolas Otamendi, Enzo Fernandez, Paul Tenorio Valencia, Valencia, Mac, Juan Mabromata, Argentina …, He’s, hasn’t, Ecuador’s, Lisando Martinez, Charly Triballeau, Felipe Cardenas Emi Martinez, Aston, Lionel Scaloni, Jeremy Sarmiento, Moisés, Sarmiento, Nahuel Molina, Rodrigo De Paul, “, ” Emiliano Martinez, ” De Paul, ” What’s Organizations: Copa America, Peru, Ecuador, NRG, Houston, Messi, Copa América, Chelsea, Qatar, Venezuela, Valencia, Valencia didn’t, Getty, Argentina, Olimpico, Mercedes, Benz, Aston Villa, Canada, MetLife Locations: Argentina, Ecuador, AFP, Valencia, Atlanta, Venezuela, Canada, New Jersey

☆ I'm the son of a billionaire who forged my own career path
▼ + stars: | 2024-07-03 | by ( Jane Zhang | ) www.businessinsider.com time to read: +9 min

And if you're not going to do a job, don't do a job." AdvertisementThe next summer, I got a product management internship at a startup called Travelnuts, which I liked. At a certain point, maybe I'll plateau or stop progressing, and I'll have to choose to stop because I'm just not good enough. I'm 29 now, so the idea that in about five years, I'm supposed to roughly know my trajectory kind of haunts me. I'm pretty confident in my comedy, so I'm full speed ahead on being a comedian.

Persons: Pete Ballmer, Steve Ballmer, would've, Harry Potter, he'd, I'd, I'm, I've, wouldn't, Jane Zhang Organizations: PCWorld Magazine, Business, Stanford, Zynga, Friends Locations: San Francisco, TripIt, Farmville, Expedia, Bay, janezhang@businessinsider.com

After a lot of uncertainty over when, if ever, mortgage rates will fall, it's starting to look like rates may finally trend down in 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.86% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.16%, a three-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: it's, you'll, Freddie Mac Organizations: Federal Reserve, Zillow Locations: Chevron

☆ At a Crucial Moment, Jill Biden Is Vogue’s Cover Star
▼ + stars: | 2024-07-01 | by ( Jacob Bernstein | ) www.nytimes.com time to read: +1 min

During much of President Biden’s term, the first lady was a figure of minimal controversy. That began to shift when campaign season heated up. Laura Ingraham of Fox News claimed that Dr. Biden was covering up the president’s unfitness out of her own desire for political power and prestige. Afterward, The New York Times reported that Dr. Biden was the first person he had turned to: “The first lady’s message to him was clear: They’d been counted out before, she was all in, and he — they — would stay in the race.”On the Vogue cover, Dr. Biden wears a white Ralph Lauren tuxedo dress. The accompanying profile of the first lady, by Maya Singer, describes her as a “vision of calm amid utter cacophony.”

Persons: Jill Biden, Biden’s, Laura Ingraham, Biden, Mac, ” Dr, Donald J, Trump, Dr, They’d, Ralph Lauren, Norman Jean Roy, Nicki Minaj, Alicia Keys, Karine Jean, Pierre, Maya Singer, ” Organizations: Vogue, Fox News, The New York Times, White House

This story is available exclusively to Business Insider subscribers. AdvertisementWhile this data was limited to fast-food chains, the trend extends to casual-dining burger chains like Chili's and Applebee's. We've already tried the Big Smasher, but we wanted to see how the other burgers on Chili's menu fared in terms of taste and value. Business Insider coordinated with Chili's Grill & Bar to organize this taste test at our local restaurant, but BI paid for the meal, and the chain had no influence on our ranking. AdvertisementHere's every Chili's burger, ranked from worst to best.

Persons: —, Chili's, Kevin Hochman, Big, We've Organizations: Service, Triple, Business, Brinker International, Big Mac, Restaurant Business, Chili's

☆ Your mac and cheese is about to get cheesier, and you can thank the sad state of the economy for it
▼ + stars: | 2024-06-27 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

General Mills will boost product flavors to attract price-conscious customers amid inflation. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The snack and cereal maker said it will improve the taste of some of its biggest products to boost sales as inflation continues to hit consumers. This story is available exclusively to Business Insider subscribers.

Persons: Mills, —, Jeff Harmening Organizations: Service, Business

☆ 5 Breadwinning wives share the biggest obstacles that come with earning more money than their husbands
▼ + stars: | 2024-06-27 | by ( Manseen Logan | ) www.businessinsider.com time to read: +8 min

Business Insider spoke with five women earning more than their husbands about the biggest obstacles they faced when they became breadwinners. AdvertisementPorterfield admitted that she occasionally became jealous of her husband's less stressful days when she felt overwhelmed with work. Katie Matthews' husband quit his job and made her the breadwinner, now they feel like they can breatheAfter Katie Matthews' husband quit his job, she became the breadwinner in their family. "For days and weeks at a time, my husband was effectively a single parent," Mac told BI. If you're a wife earning more than your husband and want to share your story, please contact Manseen Logan at mlogan@businessinsider.com.

Persons: —, Amy Porterfield, she'd, Porterfield, didn't, Karina Daves, Karina, Charlie Williams, Terrance, Katie Matthews, Matthews, they've, doesn't, I've, Andrea Mac, Mac, It's, she's, Betsy Grunch, Grunch, Jonathan Batdont, Betsy, Ray, Manseen Logan Organizations: Service, Business, BI, Nissan, Princeton University Locations: California, Tennessee, mlogan@businessinsider.com

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ Apple expands its self-service repair program to Europe
▼ + stars: | 2024-06-26 | by ( Katie Bartlett | ) www.cnbc.com time to read: +2 min

Apple announced on Thursday that its self-service repair program is now available in Europe. The program, dubbed Apple Diagnostics for Self Service Repair, gives consumers the ability to test products for optimal parts functionality and identify parts that may need repair without assistance from Apple or an independent repair provider. Apple first launched the self-service program in 2022, offering customers access to manuals, legitimate Apple parts and tools used by Apple to allow them to repair their own devices. The company said the self-service repair tool is part of an ongoing effort to extend the lifespan of its products. Customers can begin an Apple Diagnostics session on a second product to check the status and performance on a device that may need repair, according to a release.

Persons: Apple Organizations: Apple, Apple Diagnostics, Service, Mac Locations: Europe, U.S, France, Germany, Canada

☆ See the 14-page pitch deck Jukin Media vets used to raise $4 million to disrupt travel media
▼ + stars: | 2024-06-26 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Read previewThree leaders of digital publisher Jukin Media, known for making videos like Pizza Rat go viral, have teamed up again, this time on a creator-driven travel media company called Lost iN. Brothers Jonathan and Mike Skogmo, and Anton Reut, built Jukin Media before it was sold in 2021 to Trusted Media Brands, parent of Reader's Digest. Skogmo acknowledged that his idea to start a media company raised some eyebrows. It's working with Rob Levy of Digital Media Capital Advisors to acquire other travel-related companies in areas like consumer products and media. Skogmo said he was inspired by media companies like Epic Gardening and Betches that have built fandoms and make money in various ways.

Persons: —, BDMI, Chris Williams, George Strompolos, Erik Huberman, David Alpert, Kevin Gould, Richard Wolbert, Matthew Rutler, Jonathan, Mike Skogmo, Anton Reut, Jonathan Skogmo, Condé, Skogmo, Rob Levy, It's Organizations: Service, Jukin Media, MaC Venture Capital, Pitbull Ventures, Hawke Media, Kombo Ventures, Business, Trusted Media Brands, Reader's, Digital Media Capital Advisors Locations: Croatia

☆ Mark Zuckerberg's PR team can't stop him from posting, internal texts reveal
▼ + stars: | 2024-06-25 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewIn September 2021, Mark Zuckerberg threw his PR team into a crisis situation. The story said part of the strategy involved Zuckerberg posting more lighthearted content to help rehab his image, and cited a video he had posted of himself riding a hydrofoil while holding an American flag. In those messages, you can see how the PR team agonized over Zuckerberg's desire to post a zinger about the misidentified hydrofoil. Nick Clegg, head of public policy at Meta, was also strongly against Mark posting something flippant about the hydrofoil. A warning label is a misguided idea, in my opinion, but it is a pesky public problem for Meta.

Persons: —, Mark Zuckerberg, Zuckerberg, Ryan Mac, Tucker Bounds, John Pinette, Pinette, I'm, Nick Clegg, Clegg, Meta Organizations: Service, New York Times, Business, Meta, The New York Times, Twitter, Facebook, US, MZ, Street Locations: New York, EU

☆ Outrage over an $18 Big Mac sparked a consumer revolt that finally got companies to listen
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New CNN —Pop quiz: How much does a Big Mac, fries and a fountain beverage – also known as a Big Mac combo meal – cost? In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country. The thing is: It doesn’t really matter that virtually no one is paying anything close to $18 for a Big Mac combo. “The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. Behold: Price cuts and value menusI’d be willing to bet Erlinger was made aware of the viral $18 Big Mac combo post not long after it took off.

Persons: It’s, Joe Erlinger, Erlinger, it’s, They’re, ” Erlinger, aren’t, haven’t, Price, Christopher Kempczinski, they’ve, Ian Borden, they’re Organizations: CNN, McDonald’s, Mac, Consumer, Walgreens, Walmart, Wendy’s Locations: Connecticut, McDonald’s USA, Amazon

☆ Apple has been doing some soul-searching around its next big product
▼ + stars: | 2024-06-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

When the Vision Pro headset launched in February, the $3,500 price tag and lack of a really great app gave mainstream consumers pause. Since then, Apple has been considering ways to push the headset product line forward and attract new customers, Bloomberg reported on Sunday. AdvertisementThe seemingly lackluster response to the expensive Vision Pro launch has led execs working on the product to do a bit of soul-searching about the way forward for the headset, Bloomberg said. They want to make Vision Pro a more mainstream product, with options at higher and lower prices. Bloomberg said Apple has spent years working on a headset that would cost $1,500 to $2,000, which could be released by the end of 2025.

Persons: —, ChatGPT, Apple, Meta's Ray, it's Organizations: Service, Apple, Bloomberg, Business, Apple Intelligence, Worldwide, Conference, Vision, Apple Watch, Vision Pro

☆ A Recipe for Cooks Who Love to Poke at the Grill
▼ + stars: | 2024-06-23 | by ( Sam Sifton | ) www.nytimes.com time to read: +1 min

I’ve been cooking outside as much as I can these last few weeks, turning meats and vegetables over fire. Sometimes the fuel is wood, other times charcoal, many times propane. I ran into one family coming up from the park after dinner with a kettle grill mounted to a pushcart from the local grocery store. They’d made burgers, they said, and would be back the next night to make ribs. Cook wherever I want.”Here’s a recipe for him, then, and for anyone cooking in a park or at a campsite, on a patio, fire escape, deck or sidewalk: huli huli chicken (above), a taste of Hawaii wherever you stay.

Persons: I’m, Cook Organizations: pushcart Locations: Hawaii

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Drag Goes Mainstream in the Philippines, a Bastion of Christianity
▼ + stars: | 2024-06-22 | by ( Camille Elemia | Jes Aznar | ) www.nytimes.com time to read: +1 min

Before he put on the glittery neon yellow tasseled jumpsuit, donned the yellow wig, and lip synced and danced onstage under colorful spotlights, Paul Hidacan went through his preshow routine in a busy dressing room. “I grew up in my church,” said Mr. Hidacan, 21, who has attended service in cropped tops, skirts and boots, and started performing in drag last year. “I know there are some who raise their brows when they see me, but the pastors accept me.”In many places in the Philippines, drag is becoming more mainstream, and more popular. Drag queens are on fashion magazine covers, and are pitching name-brand products like MAC Cosmetics, Shell gasoline, Durex condoms and Samsung phones. Students of at least one public university recently held a drag competition.

Persons: Paul Hidacan, “, ”, Hidacan Organizations: MAC, Shell, Samsung Locations: Philippines

☆ Home prices around the US are being cut at a faster pace as inventory piles up
▼ + stars: | 2024-06-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US Home prices are falling faster as sellers try to entice buyers fatigued by high mortgage rates. The share of homes on the market that saw a price cut rose to over 16% last month, according to Realtor.com. AdvertisementHome buyers may start feeling some relief soon, as house prices in the US are being slashed at faster clip. Related storiesPrice cuts are also taking place in more markets across the US, with 46 of the 50 largest metropolitan housing markets seeing a price cut last month. Price cuts are good news for homebuyers who have been waiting for the housing market to loosen up.

Persons: —, Price, Realtor.com, decelerate, Sabrina Speianu, homebuyers, Freddie Mac Organizations: Service

☆ Lionel Messi-inspired Argentina defeats Canada in opening game of Copa América
▼ + stars: | 2024-06-21 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Argentina began its defense of the Copa América title with a 2-0 victory against Canada at the Mercedes-Benz Stadium in Atlanta on Thursday. Lionel Messi broke an appearance record which had stood for over 70 years by playing in his 35th Copa América match, and was at the heart of Argentina’s goals from Julián Álvarez and Lautaro Martínez. Canada, appearing in this expanded edition of the Copa América for the first time, was a heavy underdog against the 15-time champion but did squander several promising opportunities to get on the scoresheet. Charly Triballeau/AFP/Getty ImagesArgentina is now on a nine-match unbeaten run in the Copa América, having won the 2021 tournament as well as its third-place playoff against Chile in 2019. Victory in this year’s competition would be Argentina’s third-straight trophy in major tournaments having won the World Cup in 2022.

Persons: Lionel Messi, Julián, Ángel Di María, Alexis Mac Allister, Maxime Crépeau, Canada’s, Stephen Eustáquio, Emi Martínez, Alphonso Davies, Messi, Mac, couldn’t, Crépeau, Derek Cornelius ’, Jonathan David, Charly Triballeau Organizations: CNN — Argentina, Copa, Canada, Mercedes, Benz, Liverpool, Crépeau, Argentina, Getty, Copa América, Chile Locations: Atlanta, Canada, Argentina, AFP, Peru

☆ Apple Intelligence won't launch in EU in 2024 due to antitrust regulation, company says
▼ + stars: | 2024-06-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. Apple said Friday it won't release three recently announced features, including its flagship "Apple Intelligence" AI product, in the European Union in 2024 due to "regulatory uncertainties" stemming from the bloc's Digital Markets Act antitrust regulation. Apple Intelligence can proofread writing or even rewrite it in a friendly or professional tone. Apple saw 2023 net sales of $94.3 billion in Europe, just under a quarter of its worldwide net sales. Apple Intelligence also won't be available in Greater China, which accounted for $72.6 billion of its 2023 sales.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, Apple Intelligence, European Union, bloc's, EU, Microsoft, OpenAI, European Locations: Cupertino , California, Europe, Greater China

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Argentina 2, Canada 0 takeaways: Halftime mind games and Maxime Crepeau’s impressive stops
▼ + stars: | 2024-06-20 | by ( The Athletic Staff | ) www.nytimes.com time to read: +8 min

Spaces opened up, but when they switched to Di Maria on the right, or to Marcos Acuña on the left, Argentina rarely took that chance. It appeared as if midfielder Leandro Paredes and defender Cristian Romero knew that Di Maria wouldn’t outrun Alphonso Davies. Missed chances from Messi, Di Maria and Mac Allister kept the first 45 minutes even in Atlanta. Three minutes into the second half, Paredes sent a long diagonal ball to Di Maria, forcing Davies to backpedal. Yet with highlight-reel saves against Argentina, Crepeau stepped into the limelight and showed why Canada’s goal is now his and his alone.

Persons: Paul Tenorio, Felipe Cardenas, Joshua Kloke, Angel Di Maria, Lionel Messi, Julian Alvarez’s, Messi, Alexis Mac Allister —, Lautaro Martinez, Canada’s midblock, Di Maria, Marcos Acuña, Leandro Paredes, Cristian Romero, Di Maria wouldn’t, Alphonso Davies, Acuña, Mac Allister, gamesmanship, Paredes, Davies, backpedal, Alvarez, Jesse Marsch, ” Marsch, ” Argentina’s Rodrigo De Paul, Stephen Eustaquio, Todd Kirkland, Maxime Crepeau, Tajon Buchanan, Jonathan David, would’ve, Buchanan, Dibu Martinez, David, Cyle Larin, Milan Borjan, Canada’s, –, Marsch’s, Dayne, Clair, Crepeau, Di María, Omar Vega, —, ”, ” What’s, Easter, CHARLY TRIBALLEAU Organizations: Canada, Mercedes, Benz, Messi, Copa, “, Getty, Argentine, MLS, Dayne St, Argentina, Canadian, MetLife Locations: Argentina, Saudi Arabia, Atlanta, Qatar, Canada, U.S, “ Argentina, La Nacion, Davies, Belgium, France, Turkey, Spain, Netherlands, Canadian, Chile, Easter Rutherford , NJ, Peru, Mercy, , Kansas City, KS, AFP

☆ New Home Construction Slows as Mortgage Rates Remain High
▼ + stars: | 2024-06-20 | by ( Danielle Kaye | ) www.nytimes.com time to read: +1 min

Construction of new homes in the United States dropped below expectations in May as builders pull back on new residential projects largely in response to high interest rates, reinforcing concerns about stubbornly high housing prices. Government data released on Thursday showed that new-home construction, or housing starts, fell 5.5 percent last month to an annualized rate of 1.28 million, a sign of more cracks in the already shaky housing market. Slower construction of both single-family and multifamily homes contributed to the overall drop. Building permits dipped 3.8 percent, pointing to less future construction. The magnitude of the decrease in construction last month underscores that high interest rates are both weakening housing demand and raising costs for builders — two dynamics that are ultimately contributing to builders’ reluctance to start projects.

Persons: Freddie Mac, Daniel Vielhaber Organizations: Nationwide Locations: United States

☆ McDonald’s releases a new $5 value meal to combat inflation
▼ + stars: | 2024-06-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales and lure back customers who have cut back. Beginning June 25, McDonald’s US locations are selling a “$5 Meal Deal” for a limited time. Word of McDonald’s newest value meal was released last month in the Wall Street Journal, prompting fast food rivals to get a jumpstart on offering similar deals and attract cost-conscious eaters. Burger King, Wendy’s and even Starbucks have rolled out meal deals in recent weeks. The arrival of the McDonald’s meal deal comes at a time when the company is battling the perception that it has become too expensive.

Persons: New York CNN — McDonald’s, ”, Joe Erlinger, Burger, Erlinger, McDonald’s, “, they’re, John Palmaccio Organizations: New, New York CNN, McDonald’s, Street, Mac, ”, Advertising Fund Locations: New York, Memphis, Columbus , Ohio

☆ Mortgage rates fall to their lowest level in almost three months
▼ + stars: | 2024-06-20 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. Economists don’t expect the average mortgage rate to fall below 6% this year. Homebuilding constrained by high interest ratesWhile mortgage rates have eased recently, the US housing market overall remains hamstrung by elevated interest rates, which seem to be taking a toll on homebuilding. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB Chairman Carl Harris said in a release.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, America’s homebuilders, “, Carl Harris, ” Skylar Olsen Organizations: Washington CNN —, “, Federal Reserve, Treasury, National Association of Home Builders Locations: ., Wells Fargo, America, San Diego , Los Angeles and New York, California, Honolulu

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