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After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating.Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury.The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage News Daily. That is the highest level since April 11.”The average mortgage lender had to account not only for the market movement in Friday’s closing minutes, but also to the additional weakness seen this morning. That makes for a fairly big jump, day-over-day, but it does very…

KUWAIT: Minister of Education Jalal Al-Tabtabaei announced the approval of three Kuwaiti initiatives during the ninth meeting of the GCC Education Ministers’ Committee, held in Kuwait on Monday in the presence of the Arab Bureau of Education for the Gulf States and the GCC Secretariat General. Speaking to KUNA following his chairmanship of the session, Al-Tabtabaei revealed that the endorsed initiatives include the unification of the educational system across Gulf states, the organization of a joint sports championship for male and female students, and the exchange of distinguished educators and talented students among GCC countries.The minister underscored Kuwait’s commitment to…

KUWAIT: Kuwait Municipality has affirmed the continuation of its nationwide inspection campaigns targeting illegal use of private and model residential properties by charitable societies and organizations. Head of the Engineering Audit and Follow-up Team in Hawally Governorate, Meshari Al-Turkait, told Kuwait News Agency (KUNA) on Monday that more than 200 residential properties were found to be used as unauthorized headquarters by various charitable societies across the six governorates.Al-Turkait stated that municipal inspection teams contacted the concerned parties and urged them to evacuate the premises promptly. He noted that the majority of charity representatives cooperated immediately, facilitating swift compliance with municipal…

The Netflix logo and Bert and Ernie from Sesame Street.Sam Wasson | Getty Images”Sesame Street” has a new streaming home.Netflix will stream the next three seasons of “Sesame Street,” as well as a library of past episodes, securing the future of the longtime children’s program known for characters such as Elmo and Cookie Monster.The deal with Netflix was announced Monday alongside another agreement with PBS, the longtime traditional TV home of “Sesame Street.”Netflix will have the exclusive global premiere streaming rights to new episodes of seasons 56 through 58, according to a Netflix spokesperson. New episodes will also be available…

KUWAIT: Under the patronage of the Minister of Information and Minister of State for Youth Affairs Abdulrahman Bedah Al-Mutairi, the National Council for Culture, Arts and Letters (NCCAL) and the European Union Delegation to Kuwait jointly organized the first-ever “EU-Kuwait Culture Forum” on 19 May. The event held at Dar Al-Athar Al-Islamiyyah took place in celebration of Kuwait becoming the Arab Capital of Culture and Media for 2025 and as part of Europe Month Activities in Kuwait.Prominent speakers from both the European Union and Kuwait participated in the forum to discuss the long-standing collaboration between European Union Member States and…

WASHINGTON (AP) — The Trump administration has agreed to pay just under $5 million to settle a wrongful death lawsuit that Ashli Babbitt’s family filed over her shooting by an officer during the U.S. Capitol riot, according to a person with knowledge of the settlement. The person insisted on anonymity to discuss with The Associated Press terms of a deal that have not been made public.The settlement will resolve the $30 million federal lawsuit that Babbitt’s estate filed last year in Washington, D.C. On Jan. 6, 2021, a Capitol police officer shot Babbitt as she tried to climb through the…

KUWAIT: Secretary General of the National Council for Culture, Arts and Letters (NCCAL) Mohammad Al-Jassar on Monday underscored the importance of cultural cooperation between Kuwait and the European Union, describing it as a cornerstone for strengthening bilateral ties across diverse sectors. Speaking to KUNA on the sidelines of the EU-Kuwait Culture Forum, Al-Jassar praised the “fruitful and excellent” cultural relations between the two sides.The forum, held for the first time, was organized by the EU Delegation to Kuwait under the patronage of Minister of Information and Minister of State for Youth Affairs Abdulrahman Al-Mutairi, in celebration of Kuwait’s designation as…

Speaking to Matheus Cunha at Wolves’ training ground last summer, it was a chance to ask him how important it is for him to feel like he is having fun on the football pitch. “I do not want to go on the pitch and be a robot,” he replied. “I want to enjoy it.”Watch Cunha play and that approach to the game shines through. At times, he can appear to wander where he chooses, making decisions off-the-cuff. But those decisions are often thrilling. He is a maverick in a sport that feels more and more coached. In the context of…

As retailers seek to ease sting of harsh U.S. tariffs, analysts think those with loyal shoppers that offer the most bang for their buck will emerge victorious. The SPDR S & P Retail ETF (XRT) — which tracks more than 75 companies in U.S. retail — is down 3.9% this year. The fund has been battered by uncertainty on global trade, inflation worries and wavering consumer confidence. To be sure, the fund has rebounded 15% over the past month as trade fears have eased. But tariff headwinds could see a resurgence, knocking retailers once again. For investors looking for opportunities…

CNN  —  The Supreme Court on Monday cleared the way for President Donald Trump’s administration to strip temporary deportation protections from potentially hundreds of thousands of Venezuelans. In a brief and unsigned order, a majority of the high court ruled that the administration could move forward with its plans to end a form of humanitarian relief known as Temporary Protected Status — a move that, immigration attorneys say, stands to make more people vulnerable to deportation. The court’s decision was roundly criticized by advocates for immigrant rights. Ahilan Arulanantham, co-director of the Center for Immigration Law and Policy at UCLA…