Business

Tariffs will reset to President Donald Trump's original April levels if countries do not strike a new deal with the U.S. by August 1, Treasury Secretary Scott Bessent said Sunday.Bessent made the announcement during an appearance on "Fox News Sunday," telling host Shannon Bream that several trade deals are in the "home stretch.""Is it fair to say there's a bit of a pause on the July 9th deadline for some […]

President Trump said the United States has "pretty much" reached a deal for a company to acquire the U.S. assets of TikTok and plans to begin talks with China this week. "I think we're going to start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would, we pretty much have a deal," Trump told reporters on Air Force One on his way to […]

Atlanta Federal Reserve President Raphael Bostic warned Thursday that he believes tariffs are likely to cause a prolonged stretch of inflation as opposed to a one-time spike in costs.Rather than "a short and simple one-time shift in prices, as standard textbook models would suggest," Bostic said he expects changes in U.S. trade policy along with concurrent geopolitical developments to lead to "a longer period of elevated inflation" over the course […]

More luxury homebuyers are paying with cash to acquire properties this year, a report from Coldwell Banker Real Estate revealed.The company said in its "2025 Mid-Year Report" that more than half of over 200 surveyed Coldwell Banker luxury property specialists reported an uptick in wealthy buyers purchasing homes with cash. Roughly 34.1% said there has been a "slight increase" while 16.6% said there has been a "significant" rise in that method. Mortgage […]

Housing inventory in a significant number of major metropolitan areas hit levels higher than they were before the COVID-19 pandemic, according to a new report from Realtor.com. The real estate marketplace said nearly half of America’s 50 largest metros had real estate markets whose number of active listings as of May had surpassed pre-pandemic levels.The ten metro areas that had the largest jumps in active inventory from their averages in 2017-2019 […]

"The X-Files" star David Duchovny has officially closed the file on his luxurious Malibu retreat.Tucked behind a private gate, the meticulously designed property sold for the hefty price tag of $10,979,100.The three-bedroom main residence features an eye-catching restored train caboose-turned guest retreat on the sprawling property. The Malibu mansion property is 3,577 square-feet, not including the train car or flex structure. ‘HOME ALONE’ AND ‘CROCODILE DUNDEE’ PENTHOUSES SELLING FOR $70MThe modernist’s […]

Concerns over antisemitism continue to grow in New York City, as some residents say they’re beginning to question whether the nation’s largest city is a safe place for them. One social media star says Zohran Mamdani’s victory in the Democratic mayoral primary only escalated those fears in the Jewish community. "We're very afraid," said Ben Soffer, a social media influencer and entrepreneur. "I've never, ever thought that I would need to leave […]

OpenAI chief Sam Altman put his patriotism on display Friday in a July 4th message while questioning the Democratic Party, who he said has moved away from its traditional principles, leaving him "politically homeless."In a lengthy post on X, Altman said he was proud to be an American, as millions began celebrating the holiday weekend. "I’m not big on identities, but I am extremely proud to be American," he wrote. "This […]

Disney is commemorating 70 years of honoring America’s men and women in uniform with a video highlighting its traditional flag retreat ceremony, which began on Disneyland’s opening day. Every day since July 17, 1955, Disneyland has held a flag retreat ceremony. The Magic Kingdom, one of Disney’s Florida theme parks, joined the tradition on its opening day in 1971. "For 70 years, every single day Disneyland has honored veterans with an […]