The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average… Read More
Ex-Anaheim mayor to plead guilty in federal corruption case over Angel Stadium sale
The former mayor of the Southern California city of Anaheim agreed Wednesday to plead guilty to obstructing an FBI corruption investigation into the $150 million sale of Angel Stadium to the owner of the Major League Baseball team, federal prosecutors announced. Harish “Harry” Singh Sidhu acknowledged in a plea agreement… Read More
Target sales plummet after “Bud Light treatment” by conservatives
Target reported its first quarterly sales drop in six years, dragged down by a negative reaction by some customers, widely publicized on social media, to its Pride merchandise — which featured rumors of “tuck-friendly” bathing suits for very young minors and other inappropriate items. The Minneapolis retailer expects high interest… Read More
CNBC uncovers Jeffrey Epstein link to Obama White House
Disgraced billionaire sex predator Jeffrey Epstein was directly linked to a longtime senior member of the Obama administration, a new bombshell report from CNBC revealed late Tuesday. Epstein helped JPMorgan establish a client relationship with President Barack Obama’s White House counsel Kathryn Ruemmler in February 2019, just four months before… Read More
Winn-Dixie and Harveys bought out by multinational chain
Discount grocer Aldi said Wednesday it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the parent company of Winn-Dixie and Harveys. If the deal is approved by regulators, it’s… Read More
Hurricanes extend their arena lease in Raleigh amid major renovations
The Carolina Hurricanes have extended the lease at their arena in Raleigh for 20 years through the 2043-44 NHL season. The extension announced Tuesday comes with major renovations to the building and development of the land around it into a dining and entertainment district with multifamily homes, a hotel and… Read More
Jeff Bezos and Tom Brady just became neighbors
Jeff Bezos, the founder of Amazon, is buying an estate on an exclusive man-made barrier island in Miami known as “Billionaire Bunker,” where he will be neighbors with a growing list of celebrities including Tom Brady, Ivanka Trump and her husband, Jared Kushner. Bezos, 59, is paying $68 million for… Read More
Theft charges for 5 ex-leaders of prison guard union over credit card use
Five former leaders of the Pennsylvania corrections officers’ union have been charged with theft after investigators say they used union funds to pay for personal expenses and hid the transactions. PennLive reported the criminal charges, made last month in a Harrisburg court, on Thursday. Two former union presidents and three… Read More
FTX founder Sam Bankman-Fried returns to New York as prosecutors push incarceration
FTX founder Sam Bankman-Fried is returning to New York City for a court hearing Friday that could decide whether the fallen cryptocurrency wiz must go to jail while he awaits trial. Prosecutors have asked a judge to revoke Bankman-Fried’s bail, claiming he tried to harass a key witness in his… Read More
Legendary golfer caught in massive billion dollar scandal
Phil Mickelson has wagered more than $1 billion over the last three decades and tried to bet on at least one golf tournament he was playing in, according to a much-anticipated book by renowned gambler Billy Walters. The stunning betting estimates Walters provides — from his own detailed record from… Read More
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