Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
“Buy now, pay later” loans were originally promoted as a way to help consumers afford small purchases, such as electronics and clothing. Now, financial firms are also pushing the loans as a means for people to cover essential expenses, such as rent, groceries, electricity bills and even medical costs. Consumer advocates warn that using BNPL…
President Trump has framed last week’s deal for the U.S. government to take a stake in Venezuela’s oil reserves as a boon not just for gas prices, but also for the Strategic Petroleum Reserve, which has dropped to historically low levels. “One of the things I am going to do with the Venezuelan Oil is…
Spanish Prime Minister Pedro Sánchez has accused networks linked to Russia and Israel of spreading disinformation around the migration crisis in Ceuta, claiming the two countries were exploiting the issue in retaliation for Madrid’s position on the war in Ukraine and Israel’s actions in the Palestinian Territories. More than 72,000 migrants rushed across the border…
Index investing pioneer David Booth has a simple message for people navigating volatile financial markets: Stay calm and keep investing. Booth, a billionaire several times over whose Dimensional Fund Advisors manages $1 trillion, expands on that advice in a new book, “Stay Calm: Learn to Embrace Uncertainty in Investing and Life,” scheduled for publication on Sept….
Younger workers are more pessimistic and cynical about how artificial intelligence will affect their jobs than older employees, according to a recent survey. Generation Z Americans are the most critical of AI, with only a third of young employees speaking positively about its impact on the workplace, Glassdoor found in an analysis of workers’ attitudes…
Beijing — How long before China is ready to deploy humanoid robot soldiers? That question is on the minds of many of the humans gathered in Beijing right now to watch the World Humanoid Robot Games, and as smashed records highlight the dizzying pace of advancement, one developer tells CBS News the answer is likely…
Students nationwide are grappling with a new reality — AI-generated pornography, sometimes featuring themselves or someone they know. CBS News found more than a dozen AI “nudify” apps easily accessible in app stores, some without age restrictions. Jo Ling Kent has more. Source link
The large, scary-looking Joro spider that can make massive webs is popping up again in multiple states, but researchers say the invasive species is essentially harmless to humans. The spider species native to East Asia was first spotted in the U.S. in Georgia in 2014. Since then, sightings have been reported in more than a…
Jahir Rodríguez knew what was happening when he saw thick, dark clouds forming near his home in western Colombia on Monday morning. Parts of his dear Pereira were crumbling. The urban planner and former professor also knows what happens next after a powerful earthquake devastates whole communities. He sprang into action after a deadly 1999 quake…
