US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000

Tennessee Congressman Demands FBI Unseal Everything On Seth Rich Authored by José Niño via Headline USA, Rep. Tim Burchett, R-Tenn, has thrown a fresh spotlight on one of Washington’s most stubborn cold cases.  On July 7, 2026, the Tennessee Republican posted on X that he had formally pressed FBI Director Kash Patel to surrender every document the bureau holds on the 2016 killing of DNC staffer Seth Rich. “I have called for @FBIDirectorKash to release all records related to the death of Seth Rich,” Burchett wrote. His press office added, “Today, I sent a letter to FBI Director Kash Patel asking for the release of all...

Ocean Container Freight Costs Explode, Rivaling COVID-Era Crisis Highs A worsening ocean freight price shock is reviving concerns about the supply-chain disruptions seen during the pandemic and the 2024 Red Sea crisis. If continued through the fall and winter, higher shipping costs could intensify inflationary pressure, squeeze corporate margins, and weaken growth. Together, these factors raise the risk of a broader economic shock, particularly if diesel prices remain elevated.  Bank of America retail analyst Lorraine Hutchinson warned in a note Saturday that ocean freight rates have jumped 201%, approaching the 250% spike seen during...

Nvidia Unchanged Despite Big Earnings Beat And Solid Guidance As we discussed extensively in our preview, besides the Q1 revenue and guidance ($82BN+ and $90BN whisper respectively), Wall Street was expecting to get more color on the following topics during today's call and Q&A: Potential for increased shareholder cash returns, Vera Rubin ramp timing (2H 26E), Gross margin durability (~75% amidst continued memory/other cost inflation), Update to the $1 Trillion 25-27 forecast, esp. contribution from LPU racks, CPU and Vera Rubin Ultra, not included before Potential upside from agentic AI to the server CPU...