Finance
US 30-Year Mortgage Rate Eases to 6.36%, First Drop in Weeks
The average long-term U.S. mortgage rate for a 30-year fixed loan fell to 6.36% this week, marking its first decline after two...
Finance 165 articles
Finance
Mario Draghi: Charlemagne Prize Winner for European Economic Leadership
Mario Draghi, former ECB chief and Italian PM, awarded the Charlemagne Prize for stabilizing the Eurozone and championing European competitiveness.
Finance
PIP Payment Changes Explained by Finance Expert
Finance expert Laura Pomfret provides clarity on recent changes affecting Personal Independence Payments (PIP).
Finance
Fed Data Signals Consumer Shift to Installments Amid Rising Debt
Federal Reserve data shows household debt and credit card delinquencies climbing, pushing consumers toward fixed-payment installment plans, a trend confirmed by PYMNTS...
Finance
SEC Enforcement Director Woodcock Reaffirms ‘Back to Basics’ Investor Protection
SEC Enforcement Director David Woodcock detailed a 'back to basics' agenda on May 13, focusing on investor protection and market integrity. He...
Finance
Treasury Directs Banks to Hunt Iranian Money Laundering Networks
The U.S. Treasury Department is instructing financial institutions to monitor for Iranian money laundering networks involved in smuggling sanctioned oil via shell...
Finance
Former World Bank Chief Urges China to Halt Food, Fertiliser Hoarding
Former World Bank chief David Malpass urges China to release food and fertiliser stockpiles to ease a global supply crisis, ahead of...
Finance
Chinese AI Sparks Competition, Potentially Easing Inequality
New Chinese AI models are challenging U.S. dominance, creating competition that could drive down costs and benefit consumers, potentially mitigating AI-driven inequality.
Finance
Somali Piracy Returns, Threatening Global Trade Routes
A resurgence of Somali piracy, fueled by regional conflicts and stretched naval resources, is adding significant costs and delays to global shipping.