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CNN  —  Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac. “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage,” said Pulte, who heads up the Federal Housing Finance Agency, in a social media post. The policy represents a reversal for Fannie and Freddie,…

These days, it’s common for parents to give their adult children some financial support. But it wouldn’t take a lot to be considered independent.About three-quarters, or 76%, of Americans say that coming off a parent’s cell phone plan is one of the “ultimate signs” of adulthood, according to a recent survey of over 2,000 adults by AT&T.Roughly two-thirds, or 66%, of those polled also say they believe adult children should aim to reach this financial milestone by age 21. However, of those who pay their own cell phone bill, most waited until age 27 — and 18% didn’t start paying…

LONDON: Olympic boxing will become just a youth tournament if the International Boxing Association stays excluded as a governing body, IBA president Umar Kremlev said on Monday. The Russian told Reuters through a translator that the IBA, suspended by the Inter­national Olympic Committee (IOC) in 2019 and stripped of recognition in 2023, was heading into a ‘golden era’ of its own. “For the boxers it will be important to participate in the world championships and the IBA tournaments. The Olympics will be for the children. It’s children’s sport,” he said via a Zoom call. “It’s like football and the FIFA…

American flags are displayed on the lawn of the National Mall with the U.S. Capitol Building in the background on June 2, 2025, in Washington, D.C. Kevin Carter | Getty Images News | Getty Images’Big beautiful’ bill includes Medicaid work requirementsThe House and Senate versions of the “big beautiful” bill would impose federal work requirements on Medicaid for the first time.Per the House and Senate proposals, individuals ages 19 to 64 who apply for Medicaid or who are enrolled through Affordable Care Act expansion group would need to would need to work or participate in qualifying activities for 80 hours…

COLOMBO: Pakistan’s challenge at the Asian 6-Red and Team Snooker Championship narrowed dramatically on Tuesday as defending champion Awaisullah Munir and seasoned campaigner Mohammad Sajjad suffered defeats in the knockout stages. However, the nation’s hopes remain alive as the experienced Mohammad Asif battled through to the semi-finals in Colombo. The day brought mixed fortunes for the Pakistani contingent. Asif, the nation’s most decorated cueist, successfully navigated two rounds to secure his place in the final four. He first overcame Cambodia’s Neang Tola in the pre-quarterfinals with a convincing 5-1 victory. After dropping the opening frame (16-27), Asif found his rhythm,…

ENGLAND opener Ben Duckett plays a shot during the first Test against India at Headingley on Tuesday.—Reuters LEEDS: A superb century from Ben Duckett helped steer England to a sensational five-wicket win in the first Test against India after a thrilling day five on Tuesday, the hosts reaching a target of 371 — the 10th highest successful run chase in Test history. Having turned the match on its head at Headingley after India had been 430-3 in their first innings, England appeared to be cruising to a dramatic win as openers Duckett and Zak Crawley eased their side to lunch…

NOBEL laureate and activist Malala Yousafzai has launched a new initiative to invest in women’s sports around the world. Recess — launched by Ms Yousafzai and her husband, Asser Malik, on Tuesday — will invest in professional and amateur teams to ensure more women participation in sports. In an interview with CNN, Ms Yousafzai, who was born in Swat, recalled her school days in Pakistan when women had limited opportunities to participate in sports. “I remember in school recess time when boys would go off to the local cricket playground and girls had to stay behind,” she said. “From that…

New York CNN  —  The US economy needs the fragile ceasefire President Donald Trump brokered in the Middle East to hold. If the pause in fighting between Israel and Iran fails and major hostilities resume, oil prices would likely spike again. And surging gasoline prices are the last thing the US economy needs right now. Inflation is already expected to heat up this summer because of Trump’s massive tariffs on imports. An oil shock would make matters worse — perhaps much worse. “It would be a bit of a double-whammy. First there’s the stagflationary shock from tariffs. And then a…

Milan Markovic | E+ | Getty ImagesThe average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute.In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of more than 1,400 qualified plans and nearly 5 million participants. That percentage matched record-high levels from 2023.A separate report from Fidelity also noted all-time high 401(k) savings rates, with the combined worker and company rate climbing to 14.3%. Those findings reflected 25,300 corporate plans with 24.4 million…

The federal student loan system is facing a massive overhaul, which could result in less college aid. But higher education is only getting more expensive.To bridge the gap, some schools are offering substantial financial aid packages, according to The Princeton Review.College tuition has surged by 5.6% a year, on average, since 1983, significantly outpacing other household expenses, a recent study by J.P. Morgan Asset Management found.For the 2024-25 school year, tuition and fees plus room and board for a four-year private college averaged $58,600, up from $56,390 a year earlier, according to the College Board. At four-year, in-state public colleges, it was $24,920, up from…