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Last year, Jennifer Hernandez was shocked to receive notice that her Houston home mortgage payments would jump by about $2,000 per month. She had refinanced her home loan in 2016 using an adjustable-rate mortgage loan, which initially had a low introductory rate for a fixed period. As many homeowners like Hernandez are now experiencing, adjustable-rate mortgages (ARMs) can offer temporary relief from higher mortgage rates, but also come with the risk of rates adjusting periodically based on market conditions. For thousands of Americans who took out ARM loans five years ago, before interest rates rose to a four-decade high, the…

Belarusian tennis player Aryna Sabalenka, currently ranked as the world No. 3, had been eagerly anticipating her upcoming match at Wimbledon against Emina Bektas. However, it has been confirmed that Sabalenka will not be able to participate in the tournament due to an injury. This news comes as a disappointment to both Sabalenka and her fans, as she had been preparing for the competition and was hopeful for a successful run at the prestigious event. Sabalenka, who has previously reached the semi-finals at Wimbledon, had been open about the extent of her injury in the days leading up to the…

In breaking news, factory activity among China’s private firms has expanded at the fastest pace in three years, according to a recent private gauge. This indicates a surge in domestic and international demand for Chinese goods. However, an official government survey released on Sunday showed a contraction among larger, state-owned manufacturers, highlighting the uneven recovery in the world’s second-largest economy. The Caixin manufacturing Purchasing Managers’ Index (PMI) reported a rise to 51.8 in June, up from 51.7 in May. This marks the sixth consecutive month of improvement in the index, surpassing market expectations. In contrast, the National Bureau of Statistics…

Steve Bannon, the former Donald Trump White House strategist, is scheduled to report to a federal prison in Danbury, Connecticut, on Monday to begin a four-month sentence for defying a congressional subpoena. Bannon will become the second former Trump aide to be imprisoned for a contempt of Congress conviction after Peter Navarro began serving a four-month sentence earlier this year. Both men were convicted for not complying with subpoenas issued to them by the now-defunct House Select Committee that investigated the events of January 6, 2021. The Supreme Court on Friday denied a long-shot effort by Bannon to avoid reporting…

In a breaking news report, Facebook parent company Meta is facing accusations of violating Europe’s new digital competition rules with its “pay or consent” advertising model. Reportedly, Meta launched a service called “Subscription for no ads” last year, offering European users of Facebook and Instagram the option to pay up to €12.99 ($14) a month for an ad-free experience. Alternatively, users can choose to accept personalized ads. The European Commission issued a statement on Monday expressing concerns that this binary choice forces users to consent to the use of their personal data without providing them with a less personalized but…

In breaking news, French stocks and the euro surged on Monday following the results of the first round of elections, which indicated a significant defeat for President Emmanuel Macron by the far right. However, the far-right party fell short of winning an outright majority in parliament. The CAC 40 index, representing the 40 largest companies listed in Paris, spiked 2.7% at the open, demonstrating a positive reaction from investors. Moreover, the euro, which had experienced a decline after Macron announced the snap election on June 9, reached its highest level against the dollar in over two weeks. Yields on French…

Simone Biles has secured her spot on the US gymnastics team for the upcoming Paris 2024 Olympic Games. With an impressive performance at the US Olympic trials, Biles earned an automatic place on the team by posting an all-around total of 117.225. This will mark Biles’ third appearance at the Olympics, having previously won four gold medals at the Games. After taking a two-year break from the sport and returning last summer, Biles has been in exceptional form, winning her sixth world all-round title and two national championships in the past year. Despite facing challenges with her mental health at…

The American Culture Quiz is a weekly test of knowledge of our unique national traits, trends, history, and people, including current news and the sights and sounds of the season. This week’s quiz features key names and places in America’s fight for independence, music made in the USA, and towering geographical landmarks. Can you get all 8 questions right? John Adams, Samuel Adams, and John Hancock were all born in which community? (It’s the only U.S. city that is the birthplace of three signers of the Declaration of Independence.) A. Quincy, Massachusetts B. Williamsburg, Virginia C. Philadelphia, Pennsylvania D. Charleston,…

President Joe Biden faced a tough weekend as he fought to salvage his reelection bid in the wake of a disastrous debate performance. Following his weak showing, questions about his candidacy have been raised to a new level, with concerns over his age and ability to defeat former President Donald Trump or serve a second term. Biden is currently sequestered with his family at Camp David after trying to reassure Democratic voters, officials, and donors following the debate that has left many questioning his fitness for office. The President’s camp spent the weekend pushing back against critics in the media…

always come home to the good old USA. I love this country. I love the fact that I can get in the car and drive to any state and never have to show a passport or go through customs. Our people are the greatest people in the world. They have a spirit about them that’s just indomitable. Every country has its problems, but our Constitution and our way of life are just the best anybody’s got. I feel blessed to have been born here in this country. And if I could choose anywhere I wanted to be, I’d choose the…