“The Kingdom and the Power,” Gay Talese’s 1969 book, recounted power plays and family feuds at The New York Times, where he rose from copyboy to reporter. A work of non-fiction that read like a well-observed novel, it was his first bestseller – one that took Talese six years to write. “I’ve always been a…
Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…
Mortgage rates in the U.S. hit their highest level in a year on Thursday as renewed tensions in the Middle East and the Federal Reserve’s interest rate decision this week fanned inflation concerns. The rate on a conventional 30-year mortgage averaged 6.66% in the week ending July 30, the highest level since July 2025, according to…
