Fannie Mae has dismissed at least ten senior executives at its Washington headquarters, marking another wave of leadership turnover under Federal Housing Finance Agency Director Bill Pulte. The terminations affected core divisions, including economic research, multifamily finance, regulatory affairs, and public communications. Industry sources attribute the abrupt workforce reductions partly...
Bitcoin climbed to roughly $77,000 on Aug. 21, extending a weekly rally of about 22% and putting the cryptocurrency on track for its strongest week since March 2023. Bloomberg reported the rally followed the Treasury’s Aug. 19 announcement that long-dated bond buybacks would at least double, while President Donald Trump...
A Los Angeles County grand jury has formally indicted Nick Reiner on two counts of first-degree murder in connection with the fatal stabbings of his parents, acclaimed director Rob Reiner and photographer Michele Singer Reiner. The victims were discovered deceased inside their Brentwood residence following a fire at the scene...
Renowned economist Robin Brooks warned that the U.S. Treasury expansion of long-term bond buybacks could trigger a currency depreciation spiral reminiscent of the Japanese yen. The announcement followed a spike in thirty-year Treasury yields to near twenty-year highs. Brooks characterized the policy as financial engineering that fails to address structural...
Severe storms battered the northeastern United States on August 20, 2026, producing rare tornadoes on Long Island, New York, and in Dover, Delaware, alongside intense flash flooding that stranded motorists. In Atlantic Beach, New York, a waterspout moved ashore at the Sun and Surf Beach Club, damaging approximately 50 cabanas...
A federal court has upheld the Trump administration's order authorizing Sable Offshore Corp. to resume oil pumping through the Santa Ynez pipeline system off the California coast. The ruling overrides state regulations and a 2020 federal court consent decree that kept the infrastructure offline following the 2015 Refugio Beach oil...
Canadian rapper Drake faced online criticism after renting Torontos Casa Loma landmark for a private sushi date with streamer Pinkchyu. The event followed her victory on a viral livestream dating show produced by the NELK Boys. During that broadcast, the streamer requested a house for her mother, which Drake agreed...
Las Vegas Raiders coach Klint Kubiak has not named a Week 1 quarterback after Thursday's 22-20 preseason victory over the Houston Texans. Kubiak said Friday the competition between veteran Kirk Cousins and rookie Fernando Mendoza will continue through the final preseason week. Mendoza, the 2026 Heisman Trophy winner and No....
Intel and the Trump administration announced on Aug. 22, 2025, an agreement for the U.S. government to acquire a 9.9% stake in Intel for $8.9 billion. Intel said the government would receive 433.3 million newly issued common shares at $20.47 each, with the investment funded by $5.7 billion in previously...
Lewis Hamilton has made his relationship with Kim Kardashian more public, sharing affectionate vacation photos on Instagram on August 18, 2026. The 41-year-old Ferrari driver posted a carousel from a tropical getaway, including an image embracing Kardashian and another showing them with paintball equipment. Kardashian, 45, separately posted recent family...
