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Inflation just increased again. Here’s what that could mean for mortgage interest rates.

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A consistently rising inflation rate is likely to adversely impact mortgage interest rates. rawintanpin/Getty Images Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday. That’s up from the 3.8% it sat at in May and is now more than two full … Read more

Amazon reports increased 1Q profits and net sales fueled by cloud computing demand

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New York — Amazon on Wednesday reported strong increases in profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company said that sales in its cloud computing unit were up 28% in the January-March period, the fastest increase in 15 quarters. … Read more

Immigration arrests of people without criminal convictions have increased eightfold under Trump, report says

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Arrests of immigrants without criminal convictions by ICE have surged 770%, while street arrests saw a more than 1,000% increase during the first year of President Donald Trump’s second term, according to a new analysis released Tuesday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The analysis by … Read more

Paraguay lawmakers approve a defense agreement that allows an increased US military presence

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ASUNCIÓN, Paraguay — Paraguay’s Chamber of Deputies on Tuesday approved a defense agreement allowing the temporary presence of U.S. military and civilian personnel inside its borders, widely seen as a victory for the Trump administration, which has sought to strengthen its presence in Latin America. The Status of Forces Agreement, or SOFA, was approved by … Read more