Mortgage rates of more than 7% and high home prices are making home-buying unaffordable for many. – Joe Raedle/Getty Images Home buyers are frustrated by 7% mortgage rates. One economist suggests that they’ll need to get used to them. Since the Federal Reserve started hiking interest rates in mid-2022, mortgage rates have doubled, surpassing 7%. […]
Chipotle Mexican Grill (NYSE:CMG) owns and operates over 3,400 Mexican restaurants across five different countries. Investors have bid up its shares to 67x earnings, touting the company’s growth, drive-throughs, recession-resistant demand, and balance sheet. However, at current interest rates, Chipotle’s valuation is a market anomaly. The yield on government bonds far exceeds Chipotle’s earnings yield, […]
Subterranean Stash The pyramids at Giza continue to yield ancient secrets. But this time, they come not from those towering wonders up above, but what’s being described as an “anomaly” interred in the desert sands below. Using ground penetrating radar in combination with a technique known as electrical resistivity tomography (ERT), a team of researchers […]
Ground-penetrating radar has helped archeologists identified buried wonders below the surface. Now, a new study from Japanese and Egyptian researchers reveals the discovery of an L-shaped structure along with an accompanying anomaly right next to the Great Pyramids of Giza. Although its impossible to know for sure what the anomaly is, the researchers guess that […]
CAIRO (AP) — Two basic mistakes, according to the Israeli military. First, an officer overlooked a message detailing the vehicles in the convoy. Second, a spotter saw something in one car – possibly a bag – that he thought was a weapon. Officials say the result was the series of Israeli drone strikes that killed […]
If you’re a Wilkinsburg-Penn Joint Water Authority customer, you may want to check your monthly bills. The WPJWA announced that they recently transitioned to a new payment processing and billing format, and because of the transition, some customers may have incorrect information on their bills. The company said they believe a small amount of customers […]
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. To get it in your inbox, sign up for free here. One of the greatest enduring mysteries is the fate of beloved pilot Amelia Earhart. Nearly 87 years after the famed aviator and her navigator, Fred Noonan, disappeared over the Pacific Ocean […]
All may not be lost for Astrobotic’s Peregrine moon lander. Soon after launching on the first-ever flight of United Launch Alliance’s new Vulcan Centaur rocket on Monday (Jan. 8), the lander encountered an anomaly due to a stuck valve in its propulsion system, damaging the spacecraft and causing a significant propellant leak. The company announced […]
Astrobotic’s troubled Peregrine moon lander has snapped its first photo in the final frontier, and the image holds clues about what happened to the spacecraft. Peregrine lifted off early Monday morning (Jan. 8) on the first-ever mission of United Launch Alliance’s new Vulcan Centaur rocket. The historic launch went well, but Peregrine ran into problems […]
Update 1 p.m. ET: Astrobotic has issued a fourth update on the anomaly its Peregrine lunar lander is experiencing and it appears the mission will not go as planned after all. “Unfortunately, it appears the failure within the propulsion system is causing a critical loss of propellant,” the company wrote. “The team is working to […]
After a successful launch early Monday, engineers checking out the robotic Peregrine moon lander ran into problems keeping the spacecraft properly oriented, a potentially crippling issue for the first U.S. lunar lander since the Apollo program more than 50 years ago. In a brief statement, spacecraft builder Astrobotic said initial checkout and activation of Peregrine’s […]
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. Thousands of years ago, Earth’s magnetic field underwent a significant power surge over a part of the planet that included the ancient kingdom of Mesopotamia. People at the time probably never even noticed the fluctuation, […]