From iPhone 17 to Google Vids and More! | Tech News

Don’t miss the top headlines from across the web! Stay connected with what’s happening in the world of tech, from iPhone 17 to Google Videos and more – we have you covered. Check out this week’s tech news round-up!

Instapaper Replaces Pocket on Kobo E-Readers

Kobo pushed a free firmware update that swaps Pocket for Instapaper as the built-in read-it-later service, arriving just before Pocket’s data shuts down for good. The change means Kobo owners can continue saving long-form articles directly to their e-readers without a paid Instapaper subscription, and the new integration supports most current Kobo models. Kobo’s move addresses a tangle left by Pocket’s winding down and aims to keep the e-reading workflow seamless for heavy article consumers. Users should apply the firmware update to migrate saved links while they still can and check settings to confirm Instapaper syncing is active. Kobo and Instapaper say the pairing will be maintained and improved, which should reassure longtime Pocket users switching over. 

Honor Refreshes Mobile Line with Magic V5, MagicPad 3, and MagicBook Art 14

Honor launched a new hardware wave, including the Magic V5 foldable, MagicPad 3 tablet, and the MagicBook Art 14 laptop, emphasizing thin designs and flagship specs across the lineup. The Magic V5 touts an exceptionally thin chassis for a foldable and high-refresh OLED panel, while the MagicPad 3 brings tablet improvements aimed at creators; the Art 14 rounds out a light-but-capable laptop option. Honor is leaning into value and polish—offering features like strong battery life and capable cameras while pushing into markets that still want bold hardware experiments. Pricing and regional availability vary, but Honor’s strategy is clear: compete on design and features in crowded device categories. Early hands-on impressions highlight build quality and aggressive thinness as key differentiators for the V5. 

Microsoft Copilot Arrives on Samsung TVs and Monitors, Bringing GPT-5 Power

Microsoft expanded Copilot into Samsung TVs and monitors, embedding AI assistance directly into screens for things like summarizing content, drafting replies, and controlling apps—now powered by GPT-5 and a new Smart Mode that routes queries to the right model automatically. Users can ask Copilot on supported Samsung displays for meeting recaps, recipe steps, or to pull up contextual information without switching devices, and enterprise features land under Microsoft 365 integrations. The move turns the living room screen into a more interactive assistant and reflects Microsoft’s push to make AI omnipresent across surfaces rather than confined to phones or laptops. Privacy controls and admin settings aim to keep enterprise deployments manageable, while consumer versions focus on convenience and entertainment tie-ins. This step broadens where Copilot can be useful and demonstrates Microsoft’s strategy of embedding advanced models into everyday hardware. 

Kwikset’s Halo Select Plus Adds NFC Home Keys and Matter Support

Kwikset updated its Halo Select Plus smart lock to support NFC tap-to-unlock home keys along with Matter compatibility, letting guests use phones or NFC cards for quick entry without complicated app installs. The lock’s Matter implementation promises better cross-platform reliability across ecosystems like HomeKit, Google Home, and Alexa, while NFC keys make short-term access easier for deliveries, cleaners, or guests. Installers will appreciate streamlined provisioning and the option to manage credentials locally or through integrated smart-home platforms. Kwikset’s focus is on convenience plus interoperability—reducing friction for households that juggle multiple smart-home vendors. For people who want simple, secure ways to share access without full user accounts, NFC plus Matter hits a practical sweet spot. 

Google’s Vids Lets Anyone Make AI Avatars and Image-to-Video Clips

Google opened Vids—its AI video tool—to more users, enabling image-to-video and avatar generation powered by Gemini models so creators can transform stills into short motion clips or generate avatar-guided scenes. The feature stitches together visuals, voice, and motion with simple text prompts and lets users refine outputs with additional guidance; it’s meant for quick social clips, mockups, and creative experiments rather than polished film work. Google emphasizes safety guardrails and a moderation layer, but creators should still watch for artifacts and check output fidelity before publishing. Vids lowers the barrier to entry for multimedia content creation, letting smaller teams or solo creators prototype video concepts in minutes. As with many generative tools, expect rapid iteration—improvements to realism and control will arrive fast. 

Apple Sets iPhone 17 Launch Event for September 9

Apple confirmed an iPhone 17 event on September 9, where the company is expected to unveil the new iPhone family. In addition, Apple will potentially announce other accessories or software updates tied to iOS’s next major release. Rumors on the iPhone 17 point to incremental camera, battery, and performance upgrades. Likewise, the iPhone 17 will also likely include deeper AI-driven features baked into the OS. Of course, this continues Apple’s cadence of polishing hardware while layering on software differentiators. The event timing lines up with typical Apple fall launches, meaning preorder windows and ship dates will follow quickly for eager iPhone 17 buyers. Developers and accessory makers should watch for final spec changes for the iPhone 17 and new APIs that may affect app behavior or case design. For consumers, the event will clarify upgrade value and trade-in timing for those weighing a fall iPhone 17 purchase. 

Spotify Rolls Out DMs and Audio Clipboard Sharing to Boost Social Listening

Spotify added direct messages and richer audio-sharing tools so users can send songs, playlists, and short voice clips to each other inside the app—moves aimed at keeping more social music activity native rather than pushed to external chat apps. DMs support text and audio snippets and make collaborative playlisting and discovery feel more conversational and immediate, lowering friction for friends to swap finds. The feature also integrates sharing controls so creators can opt in or out of message-based promos, and Spotify says it’s testing moderation and spam protections. For listeners, it’s a convenience win; for Spotify, it increases time-in-app and creates new engagement pathways that could tie into future social product experiments. Expect iterative tweaks as Spotify balances utility with noise control. 

Mortgage Rate Update | August 28, 2025

MRU

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 28, 2025, were as follows:

The 30-year fixed mortgage rate was 6.56%, nearly unchanged from 6.58% last week. The 15-year fixed was 5.69%, unchanged from 5.69% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Weekend Events | Labor Day Weekend 2025

Soak up the last bit of summer with Labor Day weekend fun! From a gelato festival to community parades and more, we have you covered on neighborhood happenings. Check out LA’s top weekend events!

Los Angeles Weekend Events | Labor Day Weekend 2025 

Gelato Festival World Masters

When: August 30 – August 31 

Where: Hollywood

What: Celebrate Labor Day weekend with a sweet escape at the Gelato Festival World Masters, taking over Ovation Hollywood on August 30 and 31 from 10am to 7pm. Ten top gelato chefs from across the country will showcase inventive, custom flavors made fresh onsite inside the world’s largest mobile gelato lab. General admission includes family-friendly games, demos, and tastings, while an upgraded ticket lets you sample the competition entries and vote for your favorite. The winning chef earns a coveted medal and advances to the global finals.

Cyndi Lauper

When: August 29 – August 30

Where: Hollywood

What: Cyndi Lauper brings her farewell tour to a close at the Hollywood Bowl, marking her first major tour in over a decade. The pop icon and Kinky Boots composer is set to perform beloved anthems like “Girls Just Want to Have Fun” and “Time After Time” during two unforgettable nights at this legendary venue.

Shucked

When: Until September 7 

Where: Hollywood

What: A “farm to fable” musical with a satirical twist, this Broadway comedy follows a rural town that turns to a slick city outsider for help. Expect laughs, heart, and a whole lot of corn—literally. Don’t miss what critics called a four-star standout during its New York run.

Westside and Beach Communities Weekend Events | Labor Day Weekend 2025 

Cinecon Classic Film Festival

When: August 29 – September 1 

Where: Beverly Hills

What: Calling all film lovers: this hidden gem of a festival has been championing rare and under-the-radar cinema for over 60 years. Skip the usual classics and discover obscure and overlooked features and shorts during a four-day lineup at the Writers Guild Theater in Beverly Hills. Expect filmmaker Q&As, special guest appearances, and a Dealer’s Room filled with collectible posters and cinematic memorabilia.

Pageant of the Masters

When: Until August 29 

Where: Laguna Beach

What: At Laguna Beach’s Festival of Arts, iconic works of art come to life as real people pose in elaborate recreations of classic paintings, statues, and murals. This year’s theme, “Gold Coast: Treasures of California,” showcases monuments and masterpieces from local institutions like the Getty, LACMA, and the Norton Simon, brought to the stage with orchestral music, narration, and theatrical lighting.

Oogie Boogie Bash

When: Until October 31 

Where: Anaheim 

What: Oogie Boogie Bash is back at Disney California Adventure, transforming the park into a spooky wonderland for a special after-hours Halloween celebration. Held on select nights from late August through October, the five-hour event features trick-or-treat trails, live shows, the Frightfully Fun Parade, and the immersive Villains Grove—all with shorter ride wait times and seasonal overlays like Monsters After Dark.

San Fernando Valley Weekend Events | Labor Day Weekend 2025   

Evening Sound Bath & Journal Session

When: August 29 

Where: Tansy | 2120 West Magnolia Boulevard, Burbank

What: Take a pause for self-care during this peaceful evening of sound healing and guided journaling led by Reanna Shay. Surrounded by nature, guests will be immersed in the calming tones of crystalline sound bowls designed to restore energetic balance. Bring your cozy essentials and journal for a night of reflection, relaxation, and rejuvenation—open to all levels.

Movie Nights in the Beer Garden: A Minecraft Movie

When: August 31 

Where: Lawless Brewing Co. | 5275 Craner Avenue

What: Settle in for a blocky outdoor movie night as Lawless Brewing Co. screens A Minecraft Movie under the stars in the Beer Garden on Sunday, August 31 at 7:30PM. Enjoy craft beer, snacks, and a pixel-packed adventure that’s fun for all ages. Tickets are $10 with chair rental or $7.50 if you bring your own blanket—no outside chairs allowed.

Paint ‘n’ Sip: Balloon Puppy

When: August 29 

Where: Dave & Buster’s Northridge | 9301 Tampa Avenue #Suite 212

What: No painting experience? No problem! This two-hour guided session includes all materials and step-by-step instructions to help you create a masterpiece. Every ticket includes a $10 Power Card, and while the class is recommended for ages 12 and up, younger participants are welcome at the parents’ discretion.

Conejo Valley Weekend Events | Labor Day Weekend 2025   

Simi Fall Days Carnival

When: August 29 – September 1 

Where:  Simi Valley Town Center

What: The Simi Fall Days Carnival returns to the Simi Valley Town Center from August 29 to September 1, 2025, with four days of thrilling rides, family-friendly fun, local shopping, and live entertainment. Enjoy free admission and parking as you soak in the festive atmosphere and classic carnival vibes. Open from 5–10PM on Friday and 2–10PM Saturday through Monday, it’s the perfect Labor Day weekend outing for all ages.

Santa Paula Labor Day Parade

When: September 1 

Where: 7th and Main Street, Santa Paula

What: Celebrate the holiday with community spirit at the Santa Paula Labor Day Parade on Monday, September 1, 2025, starting at 10AM. Marching down Main Street from 7th to the gazebo at Santa Barbara and Mill, the parade features floats, live music, equestrian groups, and work-themed entries honoring the contributions of laborers. Sponsored by the City of Santa Paula, Rotary Club, and the Labor Day Parade Committee, all are welcome to join in or cheer from the sidelines.

Ventura Nationals at VC Fairgrounds

When: August 30 

Where: Ventura County Fairgrounds, Ventura

What: Head to the Ventura County Fairgrounds on Saturday, August 30, 2025, for the 22nd Annual Ventura Nationals Car and Motorcycle Show. From 9AM to 5PM, enjoy a full day of custom cars, motorcycles, live music, local vendors, food, and family-friendly entertainment. This beloved SoCal event draws gearheads and vintage lovers alike for one of the coolest showcases on the coast.

Best New Restaurant Openings – August 2025 | L.A. Eats

Los Angeles stays hungry for what’s next, and the latest wave delivers. From sunset rooftops to wood-fired California-Italian and glitzy tasting bars, there is a bevy of new restaurant openings. Consider this your edible itinerary: a little glam, a little cozy, and a lot of “we should come back here.” Book where you can, stroll in where you must, and let the city set the table.

Diner Antonette

Location: 1213 Wilshire Boulevard, Santa Monica, CA 90403

Bob Lynn revives a classic diner address with a heartfelt tribute to his mother and an on-site wine and gifts nook. Jordan Lynn’s seasonal menu lets peak produce sing—think poached baby artichokes, peach-ricotta pairings, and salmon over braised Tuscan kale.

Kassi Venice Beach

Location: 1697 Pacific Avenue, Venice, CA 90291

Hotel Erwin’s rooftop now channels Aegean breezes with mezze, skewers, and postcard ocean views. That’s what you’ll find at one of the hotel’s latest restaurant openings, Kassi Venice Beach. Snack on zucchini chips and crispy saganaki, then share lamb meatball, red-chermoula beef, or harissa-honey chicken skewers with za’atar-dusted flatbread.

Beethoven Market

Location: 12904 Palms Boulevard, Los Angeles, CA 90066

Once a neighborhood grocery, now a Mar Vista magnet for California-meets-Italian cooking. Expect blistered, buoyant pizzas and wood-kissed proteins. You can also enjoy cocktails like the Vesper Dream to pair with goat cheese zucchini blossoms at one of Mar Vista’s buzziest restaurant openings.

88 Club

Location: 9737 S Santa Monica Blvd, Beverly Hills, CA 90210

Mei Lin returns to fine dining with playful precision—prawn toast pops with sweet-and-sour and hot-mustard swagger. As Beverly Hills sees more restaurant openings, 88 Club tops the trend list. Dishes nod to Dearborn, Hong Kong, and Vancouver, all inside an emerald Art Deco fantasy with checkerboard floors.

Mensho Tokyo

Location: 9516 Culver Boulevard, Culver City, CA 90232

The ramen juggernaut brings its cult-favorite bowls to Culver City, lines and all. Creamy chicken broth, thick mochi-like noodles, and tender duck toppings make waiting a perfectly reasonable hobby.

Lucia

Location: 351 N. Fairfax Avenue, Los Angeles, CA 90036

Sam Jordan teams with chef Adrian Forte at one of Fairfax Avenue’s latest restaurant openings for an upscale Afro-Caribbean journey. Bite into wagyu-filled Jamaican patties, plant-powered lychee “ceviche,” Trini Mac Pie, and fried chicken that lands with festival-day joy.

Cento Raw Bar

Location: 4919 W Adams Blvd, Los Angeles, CA 90016

From the Cento team comes a luminous, cave-like raw bar built for seafood and bubbles. Tower into oysters, uni, and scallops; twirl cold squid-ink noodles; and budget time—weekend waits are part of the ritual.

Bar Benjamin

Location: 7174 Melrose Ave, Los Angeles, CA 90046

Upstairs from the Benjamin, this travel-inspired hideaway riffs on global cocktail culture. Sip a miso-tinged Manhattan or tom kha–kissed “Tommy Boy,” with bites like beef tartare and deviled eggs for elegant snacking.

Bar 109

Location: 649 N Western Avenue, Los Angeles, CA 90004

The front room preview to Corridor 109 pairs refined cocktails with luxe bar snacks. Try the softly saline Marine Layer martini and share U-10 shrimp cocktail, smoked-salmon dip, or a golden fried fish sandwich.

Inca Kingdom Cafe

Location: 672 E Thousand Oaks Blvd, Thousand Oaks, CA 91360

Conejo Valley gets cozy Peruvian comfort for one of its new restaurant openings. Indulge in lomo saltado, arroz con pollo, and Andean specialties. Post-meal, browse the adjoining Little Sedona Market for crystals, gifts, and pantry treasures.

Le Macaron French Pastries

Location: 205 N Moorpark Rd E, Thousand Oaks, CA 91360

A boutique slice of France with over 20 macaron flavors—from pistachio to lavender-white chocolate—plus gelato and European-style coffee. It’s your new spot for celebratory treats or chic everyday indulgence.

Red O

Location: 120 Promenade Way Suite C, Thousand Oaks, CA 91362

Now open in Westlake Village, Red O channels Tulum ease with polished, modern Mexican plates. Expect tropical-meets-refined design, live music, and special events that make dinner feel like a getaway.

The Perfect Solvang Staycation | Out & About

You won’t need your passport for a staycation in Solvang. “A little slice of Denmark in Southern California,” the city of Solvang, certainly makes for the perfect local getaway. Located in the Santa Ynez Valley, this historic Danish town is ideally situated in Santa Barbara Wine Country. Depending on where you are driving in from and, of course, LA traffic, you’ll be whisked away by the charm of this city within a 1 ½ to 2-hour drive. So what exactly do you do once you arrive? We’re sharing a few of our favorite ways to stay, eat and play in California’s favorite (and only) Danish village.

Stay Awhile
Hotel Ynez

If you would like to add a bit of the French countryside to your Danish excursion, Hotel Ynez serves as an excellent choice. Located on two private acres, Hotel Ynez is the perfect escape from the urban hustle and bustle/ The property features lush gardens, bonfire pits, a pool, and an inviting outdoor pavilion where you can take in a night under the stars. 

Alisal Guest Ranch and Resort

Located on a 10,000-acre private ranch, the Alisal is ideal for those seeking a dose of western culture. Considered a world-class resort, the hotel is considered one of California’s premier guest ranches. During your stay, you can enjoy horseback riding, (2) 18-hole golf courses, tennis, or even fly fishing. 

Wine Valley Inn & Cottages

Located in the quiet downtown neighborhood, Wine Valley Inn & Cottages offers the quintessential ambiance of Solvang. With 56 spacious guestrooms, 6 charming individual cottages surrounding a private garden, and one grand suite, you have a range of options to enjoy your stay. The inn is also within walking distance of wine-tasting rooms and a short drive to Santa Ynez Valley’s best wineries. 

The Landsby

If you prefer accommodations with a modern touch, The Landsby is ideal. This beautiful boutique hotel offers contemporary designs with the ambiance of Scandinavian aesthetics. Moreover, their remodeled guest rooms are bright and open, with comfortable hand-crafted furnishings and breathtaking artwork commissioned by regional artists.

Dine and Sip
Olsen’s Bakery

As one of the two significant bakeries in Solvang, you’ll enjoy delicious kringles, cakes, cookies, and bread at Olsen’s. The bakery has been turning out delicious treats since 1970. Just make sure you arrive early if you want to grab a pastry for breakfast. As one of the town’s main attractions, they are known for having lines that stretch around the corner.

Mortensen’s Bakery

One look at the website for Mortensen’s will have you making a drive to Solvang just for their Bear Claws. The other beloved bakery in town (there are over five authentic bakeries), Mortensen’s, is another must. In short, you can’t go wrong with choices like their Pistachio Square or Danish Butter Cookie. 

Mad & Vin

If you are staying at The Landsby, you won’t have to go far for Danish dining. Mad & Vin is the hotel’s charming, elegant wood-clad food and wine bar serving a seasonal menu of wine-country-inspired farm-to-table fare prepared with regional ingredients.

First & Oak

First & Oak is located inside the charming Mirabelle Inn. They offer a selection of small plates emphasizing flavor and finesse. You are encouraged to create your own tasting menu for a unique dining experience.

Stroll and Play
Shopping

Treat yourself and browse through 150 boutique shops for unique treasures.

Wine Sampling

Enjoy the region’s best and sample wine & beer at 20 downtown tasting rooms offering the products of over 125 area vineyards.

Discover Danish & American Culture

Take in the culture of this quaint Danish town. Explore any of the following local museums: Elverhoj Museum of History & Art, The Wildling Museum of Art & Nature, Hans Christian Andersen, Solvang Vintage Motorcycle Museum, Old Mission Santa Inés, plus Amber Museum & Hall of the Danes.

Summer Travel Home Security Measures | Home Tips

Labor Day getaways are better when you’re not doom-scrolling your doorbell feed. Below is a chic, practical smart home security tips checklist you can knock out in under an hour—prioritizing account security, Wi-Fi hygiene, and a few low-effort travel moves that make your house look lived-in while you’re poolside.

1) Lock down accounts first (it’s where most break-ins start)

  • Turn on multi-factor authentication (MFA) for your camera, alarm, router app, thermostat, garage, and any cloud storage connected to footage. MFA blocks the vast majority of account-takeover attempts and is the #1 consumer recommendation from CISA’s Secure Our World campaign.
  • Use strong, unique passwords (ideally via a password manager) for each device/app. Avoid reusing the same credentials across your doorbell, Wi-Fi, and email; federal guidance consistently stresses unique credentials as a primary defense.

2) Give your Wi-Fi a quick hardening pass

  • Update your router’s firmware and turn on automatic updates if available. Out-of-date routers are a common weak link; U.S. cyber agencies explicitly urge regular updates and hardware refreshes when devices hit end-of-life.
  • Use modern encryption (WPA3, or WPA2-AES at minimum). While you’re in the admin panel, change the default admin username/password, rename the SSID, and disable WPS, UPnP, and remote management—all common attack paths.
  • Create a separate “Guest” network and park all IoT on it. Segmentation keeps a compromised gadget (say, a camera or speaker) from pivoting into your laptops and phones. Both CISA and the FTC recommend guest networks to isolate devices and reduce risk.

3) Prep your smart devices for “vacation mode”

  • Change any remaining default passwords on cameras, doorbells, thermostats, and hubs. Default creds are widely abused; federal/consumer guidance is unequivocal here.
  • Update firmware for cameras, locks, hubs, and the alarm panel before you leave; schedule a quick reboot of IoT devices to clear any resident malware and apply updates cleanly. (Yes, agencies note periodic reboots can help.)
  • Set smart lighting scenes that look human: varied times, varied rooms. Pair with motion-activated porch lighting and privacy zones on outdoor cameras to avoid constant alerts.
  • Review sharing/guest access. Remove ex-contractors or one-time pet sitters from your alarm and camera accounts; re-invite only the people you actually need.

4) Make your home look occupied (with less data exposure)

  • Hold the mail and shipments. Nothing says “no one’s home” like a stuffed mailbox. Use USPS Hold Mail (free for 3–30 days) and pause recurring deliveries.
  • Tweak notifications. Keep push alerts for critical sensors (entry, smoke, water leak) and cut the noise on routine events so you’ll notice what matters.
  • Delay social posts. Save that pool selfie for when you’re back; broadcasting your location during travel can advertise an empty house.

5) Five-minute router + app tune-up (copy/paste this list)

  • Log in to your router: update firmware, confirm WPA3/WPA2-AES, change admin password, disable WPS/UPnP/remote mgmt, and create a Guest SSID.
  • Move all IoT devices (cameras, doorbells, thermostats, speakers) to the Guest network.
  • In each device app: enable MFA, rotate any weak or reused passwords, and check for firmware updates.
  • Reboot your modem/router and key IoT devices to clear memory-resident malware and apply updates.
  • Create two lighting scenes (“Weeknight In,” “Weekend Out”) and schedule them for your trip dates.

6) Optional—but smart—hardening moves

  • Upgrade old hardware (especially routers older than ~5–6 years). Newer models offer better radios, WPA3, and automatic security patches; national guidance encourages upgrading aging gear.
  • Harden entry points: set door locks to auto-lock, enable camera privacy zones for neighbors’ property, and verify that video clips are encrypted in transit/storage per the manufacturer.

The 10-Point Pre-Departure Check

  • MFA on all smart-home apps ✔︎ CISA
  • Unique passwords stored in a manager ✔︎ CISA
  • Router firmware updated ✔︎ U.S. Department of Defense
  • WPA3/WPA2-AES + SSID/password changed ✔︎ CISA
  • Guest network on; IoT segmented ✔︎ Consumer Advice
  • WPS/UPnP/remote admin off ✔︎ CISA
  • Device firmware updated; quick reboots ✔︎ watech.wa.gov
  • Smart lighting scenes scheduled ✔︎
  • USPS Hold Mail set ✔︎ USPS
  • Remove old users; review notifications ✔︎

With these smart home security tips, your estate stays polished and protected—so you can enjoy the long weekend knowing your network, devices, and curbside signals are working for you, not against you.

Economic Update | Week Ending August 23, 2025

Weekly Economic Update; WEU
Economic news this week – There were no major reports or other economic news this week, and stocks trended lower until Friday, when Fed Chair Jerome Powell spoke at the Jackson Hole Economic Policy Symposium in Wyoming. He noted that a weakening labor market “may warrant” interest rate cuts, sparking a strong rally. On Friday after Powell’s speech, the S&P 500 rose 1.5%, the Nasdaq gained 1.9%, and the Dow Jones surged 846 points (1.9%) to close at a record 45,631.74, its first all-time high since December 2024. While the S&P and Nasdaq finished slightly below their record close last Friday, they were both well above where they opened Friday morning when they were on track for their worst week since May.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,631.74, up 1.5% from 44,946.12 last week. Year-to-date, it is up 2.4% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,446.97, almost unchanged from 6,449.80 last week. Year-to-date, the S&P is up 6.7% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 21,496.54, down 0.6% from 21,622.98 last week. Year-to-date, it is up 9.5% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – Bond yields dropped after Powell’s speech on Friday – The 10-year treasury bond closed the week yielding 4.26%, down from 4.33% last week. The 30-year treasury bond yield ended the week at 4.88%, down from 4.92% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 21, 2025, were as follows: The 30-year fixed mortgage rate was 6.58%, unchanged from 6.58% last week. The 15-year fixed was 5.69%, down from 5.71% last week.

The graph below shows the trajectory of mortgage rates over the past year.

This week the California Association of Realtors and the National Association of Realtors released their July 2025 home sales report. You can run a report on your city or zip code with the same data at RodeoRe.com

U.S. existing-home sales increased 2% in July after slowing in June – The National Association of Realtors reported that existing-home sales totaled 4.01 million units on a seasonally adjusted annualized rate in July, up from an annualized 3.93 million units in June. Year-over-year sales were up 0.8% from last July. The median price paid for a home sold in the U.S. in July was $422,400, down from $435,300 in June, and up 0.2% from $421,400 one year ago. There was a 4.6-month supply of homes for sale in June, up from a 4-month supply last July. First-time buyers accounted for 28% of all sales. Investors and second-home purchases accounted for 20% of all sales. All cash purchases accounted for 31% of all sales. Foreclosures and short sales accounted for 2% of all sales

California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 261,810 on an annualized basis in July, down 1% from 264,000 in June. Year-over-year sales were down 4.1% from a revised 272,990 annualized home sales last July. The statewide median price paid for a home was $884,050 in June, down 1.7% from $889,790 in June and down 0.3% from $886,420 in July 2024. There was a 3.7-month supply of homes for sale in July, up from a 2.9-month supply of homes for sale one year ago.

The graph below shows sales data by county for Southern California.

Have a Great Weekend!

Mortgage Rate Update | August 21, 2025

MRU

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 21, 2025, were as follows:

The 30-year fixed mortgage rate was 6.58%, unchanged from 6.58% last week. The 15-year fixed was 5.69%, nearly unchanged from 5.71% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From The T-Mobile T‑Satellite to Snapchat and More! | Tech News

Your weekly update on the major tech news from across the web has arrived. Stay connected with what’s happening in the world of tech, from T-Mobile’s T‑Satellite to Snapchat and more; we have you covered. Check out this week’s tech news round-up!

Snapchat’s “Home Safe” Nudge Keeps Loved Ones Close

Snapchat introduced a “Home Safe” alert that automatically notifies select friends when you arrive home—no GPS stalking, no tapped message, just a gentle check-in. The feature uses Snap Map, only sends one alert, and works only with friends you already share location with—privacy intact, peace of mind delivered. It’s a small, smart tweak that brings reassurance without broadcast oversharing. Because sometimes “I’m home safe” feels best when whispered, yet is deeply appreciated.

Amazon Introduces Lower-Priced Kindle Colorsoft and Kids Combo

Good news for readers who crave color without a premium price tag: Amazon added a new 16 GB Kindle Colorsoft at USD 249.99 and a Kids bundle for USD 269.99. While the Signature Edition still offers extras like 32 GB and wireless charging, these new variants lower the barrier to color display, cozy reading, and vibrant comics—for both adults and little bibliophiles. It’s like giving everyone front-row seats to the colorful Kindle era.

T-Mobile’s T‑Satellite Service Goes Nationwide

T‑Mobile rolled out its Starlink-powered T‑Satellite service across the continental U.S, Alaska, Hawaii, and Puerto Rico. The coverage for the T-Mobile T-Satellite comes at just USD 10/month during its launch phase. The T-Mobile service lets you text—including to emergency 911—and share your location even where cellular towers can’t reach. Picture messaging is on its way for compatible T-Mobile Androids, and T-Mobile Apple support isn’t far behind. No signal? No problem—this is “always connected” for your peace of mind.

Microsoft & Asus’ Xbox Ally Handheld Points Toward a Windows Gaming Future

Microsoft’s new Xbox Ally handhelds — built with Asus — feel like the first serious attempt to marry Xbox’s console UI with Windows-powered handheld gaming. In hands-on tests the device boots into an Xbox full-screen experience that hides much of Windows, making PC games feel more console-like while still allowing access to the desktop when needed. Performance and battery life are solid for the form factor, though reviewers note lingering UI quirks and a few early bugs that should be patched before shipping. Microsoft’s design hints at a broader strategy: a unified Xbox/Windows experience across handhelds, consoles, and PCs that could simplify gaming for mainstream users. The Ally ships later this year, and it’s an important proof-of-concept for Windows gaming on portable hardware.

YouTube Music Celebrates Ten Years with “Taste Match” Playlists

YouTube Music marked its tenth anniversary by launching curated “Taste Match” playlists. The playlists pair listeners with songs and artists tailored to their unique listening profile. The Taste Match feature leans on YouTube Music’s long history of cross-platform signals. Of course, this includes watch history, likes, and playlisting—to surface tracks listeners are statistically likely to enjoy. Playlists are dynamically generated and aim to balance familiar favorites with new discoveries, making them useful both for background listening and for finding new artists. This anniversary update underscores YouTube Music’s continued investment in personalization as a way to differentiate itself in a crowded streaming market. Expect these mixes to evolve as the service learns from more listening signals.

HoverAir’s Aqua Drone Floats, Films, and Tracks with Lighthouse Beacons

HoverAir unveiled the Aqua, a floating 4K drone that can take off from and land on water. HoverAir’s Drone uses a lighthouse-style tracking beacon to maintain subject lock and return accuracy. The Aqua’s buoyant hull and sealed components let it operate in lake and coastal environments. Likewise, the lighthouse accessory improves tracking for long-range shots and autonomous follow modes. It records stabilized 4K video and supports waypoint missions, making it appealing to creators who need cinematic water footage. Early demos show smooth footage and reliable returns, though real-world battery and retrieval logistics will determine its broad appeal. If you shoot a lot of water scenes, Aqua promises a simpler workflow than launching from a boat or shore.