Mortgage rates soar to their highest levels in 11 years

Mortgage rates soar to their highest levels in 11 years

This post was originally published on this siteThe 30-year fixed-rate average hasn’t been this high since February 2011.

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Jobless claims rise after hitting lowest level since 1968

Jobless claims rise after hitting lowest level since 1968

This post was originally published on this siteNew weekly applications for jobless aid rose last week after reaching the lowest level since 1968, according to data released Thursday by the Labor Department. In the week ending April 9, seasonally adjusted initial claims for unemployment insurance totaled 185,000, up 18,000 from...

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Where do sanctions on Russia go from here? A foreign policy expert weighs in

Where do sanctions on Russia go from here? A foreign policy expert weighs in

This post was originally published on this site Despite heavy sanctions, Russia has not slowed down its invasion of Ukraine. Some are left wondering just how much sanctions can achieve. (Image credit: Chris McGrath/Getty Images)

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Democrats are in danger of losing three congressional strongholds in South Texas

Democrats are in danger of losing three congressional strongholds in South Texas

This post was originally published on this site WASHINGTON — Fending off the Republican advance in South Texas this fall was already going to be a taller-than-usual order for Democrats. But few Democrats anticipated it would be this hard. Thanks to a succession of self-inflicted choices, fallout from redistricting and...

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Elon Musk makes ‘best and final offer’ to buy Twitter

Elon Musk makes ‘best and final offer’ to buy Twitter

Elon Musk isn’t satisfied with a ​​9.2 percent stake in Twitter. He wants the whole thing. 
The Tesla CEO has offered to buy Twitter for $54.20 per share in cash, or $43 billion, according to a filing with the Securities and Exchange Commission. 
The move comes after Musk purchased a 9.2 percent stake in Twitter, which made him the company’s largest outside shareholder. He had previously been critical of Twitter, suggesting it does not facilitate free speech. 
In the SEC filing, Musk says he “invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” But he continues, “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.” 
Musk says this is his “best and final offer,” and if it isn’t accepted, “I would need to reconsider my position as a shareholder.” 
After Musk’s 9.2 percent stake in Twitter was revealed, the company initially announced he would also become a board member. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our board,” Twitter CEO Parag Agrawal said, while Musk promised to work with Twitter to make “significant improvements.” 
But in a surprise reversal, just days later, Agrawal announced Musk wouldn’t be joining the board after all. “I believe this is for the best,” Agrawal said. Had Musk become a board member, he would agree not to purchase more than a 14.9 percent stake in Twitter, so the announcement sparked speculation he could plan to increase his stake or try to buy the company. 
In his SEC filing, Musk says that “Twitter has extraordinary potential,” adding, “I will unlock it.” 

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Key Russian warship ‘severely’ damaged in the Black Sea; Biden commits another $800M: Live Ukraine updates

Key Russian warship ‘severely’ damaged in the Black Sea; Biden commits another $800M: Live Ukraine updates

This post was originally published on this siteA Russian warship in the Black Sea was “severely” damaged Wednesday, resulting in crew evacuations. Live updates.     

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Midterms raise fears of Russian cyberattacks

Midterms raise fears of Russian cyberattacks

This post was originally published on this siteRussia is likely to deploy a range of cyber weapons on the United States and its election systems during this year’s midterm election cycle, as tensions continue to escalate amid the ongoing war in Ukraine. Moscow has so far shown cyber restraint against...

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Who is Mike Gibbons? What to know about businessman leading Ohio GOP senate primary polls

Who is Mike Gibbons? What to know about businessman leading Ohio GOP senate primary polls

This post was originally published on this siteAn Ohio investment banker is a leading candidate in Ohio’s GOP Senate primary. Here is what to know about Mike Gibbons     

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What the White House’s actions on medical debt could mean for consumers

What the White House’s actions on medical debt could mean for consumers

This post was originally published on this site The Biden administration announced new measures to ease the financial burden of high medical bills. Here’s how the measures can help and what’s still missing to protect patients. (Image credit: Anna Moneymaker/Getty Images)

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