Finance
US 30-Year Mortgage Rate Hits Seven-Week Low at 6.43%
The average 30-year fixed U.S. mortgage rate dropped to 6.43%, its lowest point in seven weeks, offering relief to prospective homebuyers.
Finance 275 articles
Finance
Credit Card Payments Outpace Debit Growth First Time Since 2000
Credit card payments have outpaced debit card growth for the first time since 2000, according to the latest Federal Reserve Payments Study,...
Finance
Digital Euro: EU’s Strategy to Secure Economic Autonomy
The European Central Bank is advancing plans for a digital euro, aiming to reduce the EU's reliance on US payment giants and...
Finance
Morgan Stanley Slashes Oil Forecasts on Rapid Hormuz Flow Return
Morgan Stanley has significantly cut its oil price forecasts, citing a faster-than-expected recovery of flows through the Strait of Hormuz and increased...
Finance
Three in Five UK Homes Unsold as High Mortgage Rates Deter Buyers
Three in five homes listed for sale since January remain on the market, according to Zoopla, as high mortgage rates continue to...
Finance
Supreme Court Blocks Trump’s Fed Governor Firing Attempt
The US Supreme Court blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook in a 5-4 decision, citing insufficient due...
Finance
BIS Flags AI Spending Risks, Citing Opaque Financing
The Bank for International Settlements warns current AI optimism and capital expenditure may be unsustainable, citing supply bottlenecks, over-investment, and opaque 'circular...
Finance
Wall Street Banks Abandon Euro Strength Bets Amid Diverging Rate Paths
Major Wall Street institutions are capitulating on bets for a stronger euro, forecasting a slide to $1.10 as the US is expected...
Finance
World Cup 2026: $8.9 Billion Global Pop-Up Retail Phenomenon
The FIFA World Cup 2026 is emerging as a massive 'roaming retail platform,' projected to generate $8.9 billion. It drives significant merchandise...