Business

LARRY KUDLOW: Trump’s Secret Sauce

High drama today as President Trump called off the Iranian bombing and announced that a deal with Iran is imminent from his Truth Social posting that “Discussions and final points have been, in both concept and great detail, approved by all parties involved.” That’s America, Israel, Iran and all of…

Mortgage rates tick higher, but buyers show signs of confidence

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week’s reading of 6.48%.The average rate on a 30-year loan was 6.84% a year ago.…

GM letting some EV owners sell electricity back to the US power grid

General Motors on Tuesday announced it’s releasing a software update that allows some electric vehicle (EV) owners to send power back to the electric grid. The update allows owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of sending…

GSA sells Old Post Office Building in Washington, once home to Trump hotel

The General Services Administration (GSA) on Wednesday announced the sale of the Old Post Office Building located at 1100 Pennsylvania Avenue in Washington, D.C. The building was previously the Trump International Hotel from 2016 to 2022 until the Trump family firm sold the leasing rights for $375 million. The hotel…

LARRY KUDLOW: Trump’s secret oil stash could steady Fed interest rates

So lo and behold, Project Freedom to reopen the Strait of Hormuz has been operating surreptitiously after all this past month. According to President Trump’s disclosure today, our military has secretly helped more than 200 commercial ships with more than 100 million barrels of oil through the Strait. This was…