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Artwork by the elusive graffiti artist Banksy on display in DC
06/23/2022 03:04pm • You can now see the work of the elusive artist Banksy in D.C. The seven-room exhibit at the Gallery Place neighborhood includes examples of Banksy’s stencil work, album covers for bands and early versions of his most famous works, such as “Girl with Balloon.” “There are 130 unique piec
EXPLAINER: Why Sri Lanka's economy collapsed and what's next
06/23/2022 02:01pm • COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring In
Amazon providing $23M for affordable housing in Seattle
06/23/2022 01:23pm • SEATTLE (AP) — Amazon said Thursday it is providing $23 million to help minority-led organizations build or preserve more than 500 new affordable housing units in Seattle — the latest spending by a tech company to ease a severe housing crunch the industry has helped create. The commitment com
Is 'learn now, pay later' just another student debt trap
06/23/2022 11:43am • The “ buy now, pay later ” transaction is simple: Shoppers are offered an installment loan at the point of purchase, spreading the cost of the product across several payments. They’re often available without a credit check. Buy now, pay later financing has become a go-to payment method at most
Average long-term US mortgage rates inch up to 5.81%
06/23/2022 11:00am • WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week following last week's mammoth jump, the biggest in 35 years. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.81% this week, from last week's 5.78%. Last week's average — which jumped mor
Germany faces natural gas 'crisis,' raises warning level
06/23/2022 09:02am • BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe's biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries. The governmen
Air France-KLM boss warns travelers: Go to the airport early
06/23/2022 08:30am • PARIS (AP) — The chief of airline alliance Air France-KLM said Thursday that it will take weeks or months to get new security staff in place to lighten pressure on the Amsterdam airport, which has seen flight cancellations, damaging delays and big travel headaches as global air travel rebounds fro
When Should You Refinance an Adjustable-Rate Mortgage?
06/22/2022 08:00pm • Not many homeowners take out an adjustable-rate mortgage when they buy a home, but the mortgage type is making a comeback as interest rates continue to climb. According to data from CoreLogic, a mortgage data and analytics company, ARMs made up about 10% of new mortgages of between $400,001 and $1 m
Powell: Fed aims to avoid recession but says it's possible
06/22/2022 01:52pm • WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Commit
Chelsea changes include Boehly as interim sporting director
06/22/2022 10:13am • Todd Boehly, the American businessman who fronted the recent world-record purchase of Chelsea, will assume the role of club chairman and also take charge of its offseason transfer dealings in an interim role as sporting director. The boardroom changes announced Wednesday included the imminent depart
Could a housing slump threaten the stock market and the entire economy?
06/22/2022 07:29am • The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for many prospective buyers, and mortgage rates have jumped following the Federal Reserve's rate hikes and a surge in bond yields. But will the housing slowdown hurt the broader economy
Got a savings goal? Consider forming a savings circle
06/22/2022 07:00am • A breezy January morning made the mid-30 temperatures feel even chillier. But it was an important day for the young man pushing 30 himself . He was about to face his entire family to ask for a loan to seed his new business idea. He had contributed to the family’s savings circle, but he was aski
US defender Reynolds joins Westerlo on loan from Roma
06/22/2022 06:34am • WESTERLO, Belgium (AP) — American defender Bryan Reynolds has been loaned by Roma to Belgian club Westerlo for the 2022-23 season. The newly promoted first-division club announced the arrival of Reynolds on Tuesday. Reynolds, who turns 21 this month, played for Dallas in Major League Soccer from 2
How to Deal With a Bad College Roommate
06/21/2022 08:00pm • In a college dorm room, it can be easy for conflicts to arise -- especially if a roommate is messy, steals personal items or has guests that overstay their welcome. But learning conflict resolution and how to live with someone are important life skills to develop to prepare for the real world, resid
Home sales give way as prices enter unprecedented territory
06/21/2022 11:13am • Sales of previously occupied U.S. homes slowed for the fourth consecutive month as climbing mortgage rates and record high prices discouraged house hunters. Existing home sales fell 3.4% last month from April to a seasonally adjusted annual rate of 5.41 million, the National Association of Realtors
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