Iran's top security body to decide on Hormuz closure, Press TV reports

Tom Selleck, the beloved TV icon known for roles like "Magnum, P.I." and "Blue Bloods," has built an impressive $45 million net worth by 2025. The article highlights his enduring career, his peaceful ranch life away from Hollywood, and hints at what the future might hold for the actor.

Editor’s Note: Fans of Tom Selleck—or anyone curious about how TV legends sustain their wealth—will find this interesting. It’s a feel-good look at a star who’s managed fame, fortune, and a low-key lifestyle, proving that longevity in Hollywood doesn’t always mean flashy drama.

Former President Donald Trump is reportedly working on plans to take Fannie Mae and Freddie Mac public through an initial public offering (IPO) later this year. The move could potentially raise about $30 billion and value the two mortgage giants at over $500 billion combined.

Editor’s Note: If this IPO moves forward, it could be one of the biggest in history, reshaping the housing finance market. Fannie Mae and Freddie Mac play a huge role in the U.S. mortgage system, so any major changes to their structure could impact homebuyers, investors, and the broader economy. It’s a big deal—but also raises questions about how it’ll all play out.

The stock market saw mixed movements today, with gold prices pulling back from earlier gains while the Dow Jones Industrial Average climbed. The White House announced plans to provide clearer guidance on tariffs affecting gold, which may have influenced the precious metal's performance.

Editor’s Note: Investors are keeping an eye on gold and the broader market as policy clarity from the White House could impact trading strategies. Since gold is often seen as a safe-haven asset, any changes in tariffs might sway its demand and pricing—something that matters to both traders and everyday consumers who follow economic trends.

Former President Donald Trump is ousting the recently confirmed IRS commissioner, Charles Rettig, just two months after his appointment. This abrupt move raises questions about the administration's motives and the stability of the agency's leadership during a critical time for tax enforcement and policy.

Editor’s Note: The IRS plays a key role in enforcing tax laws and managing federal revenue, so sudden leadership changes can create uncertainty—especially when they happen so soon after confirmation. This move could signal internal tensions or shifting priorities in the Trump administration, which might impact how the agency operates moving forward. For taxpayers and policymakers, it’s a development worth watching.

The Wall Street Journal reports that former President Donald Trump's team is broadening its search for potential Federal Reserve chair candidates, now including economist James Bullard and investment strategist Kevin Warsh, alongside previously considered names. This suggests Trump's camp is preparing for a possible second term by evaluating a wider range of economic policy voices.

Editor’s Note: The Federal Reserve plays a huge role in shaping the U.S. economy—think interest rates, inflation, and job growth. If Trump returns to office, his pick for Fed chair could influence everything from your mortgage rates to stock market stability. Expanding the candidate list signals early strategizing, making this a story worth watching for anyone who cares about economic policy.