Mortgage demand remained flat last week, with total application volume up 0.04%, as interest rates held steady. Borrowers are shying away from riskier adjustable-rate mortgages, which hit their lowest share since January.
The FCC is proposing to scale back or eliminate E-Rate, a $2 billion Universal Service program for schools and libraries, sparking criticism. Chairman Carr cited concerns over student screen time, while Commissioner Gomez argued the move misunderstands challenges and oversteps the FCC's mandate.
Strategy's (formerly MicroStrategy) STRC preferred stock is trading at its weakest level this year, impacting its ability to raise capital for Bitcoin purchases. The stock's decline tests investor interest in Bitcoin-linked income products amid Bitcoin's pullback and competition from rival offerings.
Options traders are betting against Michael Saylor's Strategy, with put options outnumbering calls as bitcoin prices decline.
The FCC is reviewing its $3 billion E-Rate program for schools and libraries due to concerns about excessive children's screen time. A vote on potential reforms or termination is scheduled for June 25, following a Surgeon General's advisory on the harms of screen use.
The FCC is reviewing its $3 billion E-Rate program for schools and libraries due to concerns about excessive children's screen time. A new proposal is expected soon, with potential reforms or termination of the program.
Mortgage rates climbed last week, reducing loan demand and pushing consumers toward riskier adjustable-rate mortgages. Total applications fell 2.3%, with 30-year fixed rates hitting a 7-week high of 6.56%.
Delhi Capitals captain Axar Patel's batting woes deepened in IPL 2026, marking a new low with the second-worst captain's average in the league's history. His struggles, coupled with a dismal strike-rate, highlight a significant concern for the team amidst a challenging season. KKR's spinners effectively stifled Delhi's batting lineup, leading to a batting collapse.
In its latest study on emerging-market sovereigns, the agency notes that India has ranked among the more resilient economies since 2020, based on multiple indicators such as sovereign bond spreads, domestic yield movements, and exchange-rate stability.
Fifteen-year-old Vaibhav Sooryavanshi scored a breathtaking 103 off just 37 balls for Rajasthan Royals against Sunrisers Hyderabad in IPL 2026, hitting 12 sixes and five fours at a strike rate above 250. Former India cricketer Mohammad Kaif called him a "once-in-a-generation talent" and "the next superstar for Indian cricket for the next 20 to 25 years." Despite the heroics, SRH successfully chased the target with contributions from Ishan Kishan (74) and Abhishek Sharma (57).
Former India cricketer Mohammad Kaif praised 15-year-old Vaibhav Sooryavanshi for his explosive 103-run innings for Rajasthan Royals, calling the teenager a generational talent with the temperament and skill of a veteran.
The valuation gap between mainland China A shares and Hong Kong H shares has narrowed significantly, with the Hang Seng AH Premium Index falling from 157.89 in February 2024 to below 120. Technology leaders including CATL, Montage Technology and GigaDevice Semiconductor have seen their A-H premium reverse to an H-A surcharge, reflecting a structural shift in how global and domestic investors price Chinese assets. Analysts attribute this to Beijing's A+H policy encouraging high-quality mainland companies to list in Hong Kong.
Former Pakistan all-rounder Azhar Mahmood defended Babar Azam, deeming it unfair to single him out for strike-rate issues in T20 cricket, arguing Pakistan lacks ultra-aggressive batters in the format. Mahmood emphasised that Babar sets the platform for others, and realistic expectations are needed, as the country doesn't possess consistently high-strike-rate players.
