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Fannie Mae will accept crypto-backed mortgages through the mortgage company’s new product better home and finances and coinbase. While this is not the first crypto-backed mortgage, it is the first to be accepted by Fannie Mae, which is under government conservatorship. The service allows homebuyers to use crypto assets as collateral. Fannie Mae would buy these loans just like any other conforming mortgage loan.”We’ve finally built the infrastructure rails that will allow any tokenized asset in the United States to be used to fund someone’s purchase of a home,” Better CEO Vishal Garg said in an interview with CNBC. “It…
PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Null Photo | Getty Imagessony announced on Friday that it would raise the prices of its flagship PlayStation 5 series of games for the second time in less than a year, citing “pressures from the global economic situation.”In the US, the PS5 disc version has jumped from $549.99 to $649.99, a $100 increase from the last time Sony raised the price of the console last year. The digital version of the device will also increase in price by $100 to $599.99. The most powerful version of Sony’s console, the PS5 Pro,…
AP — A whale stranded in shallow water for days in a German Baltic Sea resort has swam up from a sandbank overnight after a last-ditch rescue effort. However, the situation is not out of danger yet. Excavators spent Thursday digging the evacuation channel. The whale then swam around throughout the night, marine biologist Robert Marc Lehmann said on Friday, German news agency dpa reported. 30-foot-long humpback whale stranded A humpback whale is stranded in shallow water off the coast of northern Germany. The whale is still alive and breathing, but rescue efforts have been unsuccessful, according to the Associated…
If there’s one thing Charlotte Tilbury knows, it’s how to achieve the perfect glow. A 25-year career as a celebrity makeup artist and a cult-favorite beauty empire makes this possible. And if you thought for even a second that she wasn’t using her own products to achieve that glow, here’s the official notice: You’re wrong. Tilbury has revealed the secret to her glowing skin. Naturally, it involves an upgraded magic cream. There’s no better time than now to try it out. It’s currently on sale at Amazon’s Big Spring Sale. “I never go a day without Magic Cream, darling,” she…
Check out the companies making the biggest moves in midday trading: Meta Platforms — The social media giant fell more than 6%. Mehta lost two major child safety lawsuits this week. While the fine is not large considering the company’s size, Meta’s loss in court calls into question Big Tech’s role in protecting social media safety and free speech on these platforms. AppLovin – The app marketing company’s stock price fell about 8%. The stock fell on reports that slowing e-commerce spending trends were hurting AppLovin, and that the company didn’t see enough new customer momentum to offset customer churn…
David Sachs is done with his days as Donald Trump’s AI and crypto czar. In an interview with Bloomberg on Thursday, the longtime entrepreneur, investor, and podcaster confirmed that his non-consecutive 130-day term as a special government employee has ended and that he will become co-chair of the President’s Council of Advisors on Science and Technology (PCAST) with White House Senior Technology Adviser Michael Kratsios. “I think moving forward as co-chair of PCAST will allow me to make recommendations on a wide range of technology topics, not just AI,” he told Bloomberg in a video interview. “Yes, this is how…
Omar Marquez | Light Rocket | Getty ImagesCybersecurity stocks fell on Friday after reports that Anthropic is testing a powerful new artificial intelligence model that brings more advanced cyber capabilities and also potential security risks. Fortune first reported the news Thursday, citing information from a draft of a publicly accessible blog post. According to reports, the new Mythos model is being touted as Anthropic’s most powerful yet. However, the company plans to delay the rollout due to potential cybersecurity implications.Anthropic did not immediately respond to CNBC’s request for comment.Cybersecurity stocks fell on the news. iShares Cybersecurity ETF Market leader lost…
Beirut — Eliminate hyperbole and superlatives. Ignore apocalyptic deadlines. The dynamics of President Donald Trump’s war against Iran suggest that it is likely to end with a sob rather than a bang. President Trump has fallen into the trap that many previous presidents have fallen into: the illusion that military operations can be carried out quickly and bring about lasting political change. However, war and peace are never binary oppositions. And as President Trump gives negotiators more time to make progress, the stage is increasingly set for negotiations to end, dragging this conflict through the vague gray conditions that usually…
Opening day Thursday could be the calm before the storm for Major League Baseball. The collective bargaining agreement between the league and its players expires at the end of this season. The owners, with the support of the commissioner, will almost certainly push for a salary cap (which would likely come with a salary floor to get players to the negotiating table). MLB owners have previously been unable to obtain caps passed by the Players Association. It’s unclear whether ending the 2026 season would result in a different outcome, but Bruce Meyer, interim executive director of the MLB Players Association,…
A wildlife park in south-east England has euthanized an entire pack of wolves after the group’s dynamics broke down and conflict escalated. The Wildwood Trust said in a statement shared with CNN on Friday that three of the five wolf packs suffered life-threatening injuries and were put down during the escalating violence. After other interventions failed to stop the fighting, after consultation with experienced animal caretakers and veterinary experts, the park on the outskirts of Canterbury decided to euthanize the wolves, named Odin, Nuna, Minimus, Tiberius and Maximus, to prevent further suffering. “Our caretakers care deeply about these animals and…