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Freddie Mac Mortgage Rates Hold At 7.40% As The 30-Year Average Pauses Near Its Highest Level Since November 2023
The 30-year fixed mortgage rate averaged 7.40% for the week ending October 15, 2026, unchanged from the prior week, according to Freddie Mac’s Primary Mortgage
Small Business AI Adoption Doubles as 82% of Employers Now Use at Least One AI Tool
The share of small business employers using artificial intelligence tools has approximately doubled in under two years, according to overlapping data from the SBE Council, the U.S. Census Bureau, and the Goldman Sachs 10,000 Small Businesses program. The SBE Council’s 2026 Small Business Tech Use Survey found that 82% of
August Advance Retail Sales Report Lands September 16 Alongside the Fed Decision, Creating a Double Data Event
The U.S. Census Bureau will release the Advance Monthly Retail Trade report for August at 8:30 AM ET on September 16, 2026, approximately five and a half hours before the Federal Open Market Committee announces its rate decision at 2:00 PM ET. The convergence places a consumer demand reading and
U.S. Credit Card Debt Climbs to $1.26 Trillion in Q2 2026 as 90-Day Delinquency Rate Reaches 12.8%
American credit card balances rose $21 billion in the second quarter of 2026 to $1.263 trillion, reversing a seasonal first-quarter decline and approaching the all-time record of $1.277 trillion set at the end of 2025, according to the Federal Reserve Bank of New York’s Household Debt and Credit Report released
How Do You Get a Business Loan With Inconsistent Revenue?
Inconsistent revenue is one of the most frequently cited reasons business owners give for not pursuing working capital, and one of the most frequently misunderstood qualification challenges in the direct lending market. The underwriting systems that performance-based direct lenders use are built to evaluate revenue patterns across twelve months of
Inherited Homes Hit Record 9% of Property Transfers as $120 Trillion Wealth Shift Begins
Data from Totality shows inherited homes climbing to nearly 9% of property transfers in 2025, a historic peak that CNBC’s Sharon Epperson highlighted in recent reporting. The figure sits within a broader demographic reality reshaping household finances: $120 trillion in wealth transfers are projected across the coming 20 years as
Amazon Crosses $200 Billion in Quarterly Revenue for the First Time as AWS Growth Reaches 18-Quarter High
Amazon posted Q2 2026 net sales of $200.6 billion, a 20% year-over-year increase that marked the first time the company surpassed $200 billion in a single quarter. Amazon Web Services drove a significant share of the acceleration, delivering $42.2 billion in revenue at a 37% growth rate, the fastest AWS
How Social Security Benefits Are Calculated: What Determines the Monthly Check
The Social Security Administration does not assign retirement benefits arbitrarily or base them on a single year of earnings. Every monthly check is the product of a three-step calculation that considers a worker’s 35 highest-earning years, runs the result through a progressive formula with built-in income thresholds, and then adjusts
US Tax Filing Requirements: How Much Do You Need To Earn Before Filing A Return
The minimum income required to file a federal tax return depends on filing status, age, and the type of income earned. For the 2025 tax year (returns filed in 2026), single filers under 65 must file if gross income exceeds $15,750, while the threshold for married couples filing jointly starts
U.S. Household Net Worth Fell $1.1 Trillion in Q1 2026 After Record Quarter, Federal Reserve Data Shows
Total U.S. household and nonprofit net worth declined from a record $184.1 trillion at the end of Q4 2025 to approximately $183.0 trillion at the end of Q1 2026 — a drop of roughly $1.1 trillion — as equity market losses driven by the S&P 500’s 4.6% quarterly decline erased
Google Embeds Gemini AI Into Amitabh Bachchan’s Quiz Show Franchise in Deal With Sony India
Google India and Sony Pictures Networks India announced on July 9 that the Gemini AI assistant will be integrated into the upcoming season of “Kaun Banega Crorepati,” India’s adaptation of “Who Wants to Be a Millionaire?” hosted by Amitabh Bachchan. The collaboration embeds Google’s conversational AI across the show’s full
Global Billionaire Population Surges 13% to Record 3,302 as AI and Semiconductor Wealth Accelerates
The global billionaire population climbed 13.1% to a record 3,302 individuals in the year through April 2026, with total billionaire wealth expanding by an average of 25% year-over-year, according to the UBS Global Wealth Report 2026 released on June 30. The growth was concentrated in the United States and Asia,
Fed’s Christopher Waller Says Inflation Is the Bigger Risk for U.S. Rate Policy
Federal Reserve Governor Christopher Waller said on July 6, 2026 that high inflation, rather than a weakening labor market, is now the chief risk facing the central bank, a stance that pushes back against expectations for near-term interest rate cuts. Waller framed the shift as a reversal of the balance
Nike Beats Q4 Revenue Estimates but China Weakness Pressures the Stock
Nike beat Wall Street’s fiscal fourth-quarter revenue and earnings estimates on June 30, but its shares fell as much as 8% in after-hours trading, as Greater China sales dropped 12% and a nearly $1 billion tariff refund, rather than core demand, powered much of the reported profit. Nike Topped Estimates