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The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% on Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.It marks the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.”This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the…

Roughly $198.3 million goes straight to the IRSThe Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding for prizes that exceed $5,000.If you choose the $826.4 million cash option, the 24% federal tax withholding automatically reduces your winnings by $198.3 million. But the windfall pushes you into the 37% tax bracket, and your bill will likely be higher, certified financial planner John Chichester Jr., founder and CEO of Chichester Financial Group in Phoenix previously told CNBC.How to calculate your federal tax bracketsThe next Powerball jackpot winner easily lands in the 37%…

Warner Bros. | Universal Studios | Amazon PrimeHollywood is finally leveling up.For decades, studios have tried to capitalize on the financial success and cultural relevance of video games, but it’s only been in the past few years that things have clicked.With the box office achievements of Universal’s “The Super Mario Bros. Movie” and Warner Bros.’ “A Minecraft Movie,” alongside television hits like Amazon Prime Video’s “Fallout” and HBO’s “The Last of Us,” Hollywood has doubled down on its investment in content based on video game franchises and related intellectual property.”Adaptations of popular games used to be met with a high…

Estadio Banorte managing director Felix Aguirre on Friday confirmed that the legendary Azteca Stadium reached a deal with FIFA to grant luxury box owners full access to their seats for 2026 World Cup matches in Mexico City without need for any additional payment.”We are able to announce that we have completed negotiations and agreements with FIFA. We are in the final stages of small details that will allow us to announce today, ensuring that box and seat holders have the right to use and enjoy their tickets and access during the World Cup,” Aguirre said in an interview with Ciro…

Google was on Friday hit with a 2.95-billion-euro ($3.45 billion) antitrust fine from European Union regulators for anti-competitive practices in its lucrative advertising technology business.The European Commission, which is the executive body of the EU, accused Google of distorting competition in the so-called adtech market by unfairly favoring its own display advertising technology services to the detriment of rival adtech providers, advertisers and online publishers.It also ordered Google to “bring these self-preferencing practices to an end” and “implement measures to cease its inherent conflicts of interest along the adtech supply chain.” The company has 60 days to respond.”Today’s decision shows that Google…

Check out the companies making the biggest moves midday: Quanex Building Products — The solar and refrigeration parts manufacturer shed 13% on weaker-than-expected fiscal third-quarter earnings. Quanex earned an adjusted 69 cents per share. The company also trimmed its fiscal 2025 guidance. Campbell’s — The food company’s stock is continuing to climb in the wake of its quarterly report on Wednesday. Shares were up more than 3%, putting the week-to-date gain at nearly 6%. That said, Campbell shares are down 19% year to date as the company grapples with cost pressures from tariffs, which weighed on its profit outlook for…

Egypt has been sidelined in the collapsing Gaza ceasefire negotiations, with Cairo fearing that a major Israeli assault on the enclave could force Palestinians to breach the Sinai border and trigger chaos, senior Egyptian intelligence sources told Middle East Eye. Correspondence between Egypt and Israel has been completely cut off, with no progress in talks to secure a truce in Gaza, one senior intelligence official said. Negotiations are currently ongoing between Israel and the US, while Qatar has a minimal role as a mediator, with no concrete results on the horizon. “Repeated Egyptian intelligence missions to Israel recently returned home empty-handed. The…

President Donald Trump’s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history.Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump’s 2017 legislation capped SALT at $10,000. Before 2018, the deduction was unlimited — but curbed by the alternative minimum tax for some wealthier households.”This was in effect for over 100 years prior to the 2017 passage of the Tax Cuts and Jobs Act,”…

Thomas Tuchel has a lot of questions to answer in attack, but those issues are borne out of the fact he has a wealth of talent at his disposal.The problems he has to address further back in the team – and in particular in defensive midfield – are much more acute, because here he has a real lack of options. For the first time, Tuchel has said publicly what we sensed in the background – that John Stones is a serious contender to be England’s defensive midfielder – or No 6 – for the World Cup.”There is not one pivotal,…

Jobseekers during a Hospitality House career fair in San Francisco on Aug. 13, 2025.David Paul Morris | Bloomberg | Getty ImagesThe outlook seems to be getting worse for job seekers.The U.S. economy added just 22,000 jobs in August, below expectations, and the unemployment rate rose to 4.3%, the Bureau of Labor Statistics reported Friday.Meanwhile, a data revision showed the economy lost 13,000 jobs in June — the first month of job losses since December 2020. That loss ends the consecutive-job-growth streak that had lasted 53 months, from January 2021 through May 2025, according to Daniel Zhao, chief economist at Glassdoor,…