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Bond market sell-off threatens higher borrowing costs. Here is what it means for your money.

A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…

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DNC narrows 2028 convention finalists to Boston, Denver and Philadelphia

Washington — Boston, Denver and Philadelphia are the three finalists to host the 2028 Democratic National Convention, according to Democratic National Committee Chair Ken Martin. The selection process now moves to the Democratic National Convention Committee. A DNC official stated that the process will take several months. Atlanta and Chicago were in the running earlier this…

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U.S. designates American citizen Min Zin, held by China, as wrongfully detained

Washington — American citizen Min Zin has been legally designated by the U.S. State Department as wrongfully detained by China. “Secretary Rubio has formally designated U.S. citizen Min Zin as wrongfully detained,” Dylan Johnson, assistant secretary of state for global public affairs, said Thursday on X. “We call on Beijing to release all U.S. citizens…

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