Finance
US Mortgage Rate Climbs to 6.53%, Highest in Nine Months
The average long-term U.S. mortgage rate rose to 6.53% this week, its highest in nine months, posing a setback for prospective homebuyers.
Finance 214 articles
Finance
Somali Piracy Resurgence Threatens Global Shipping Costs
Somali piracy is back, fueled by rerouted shipping traffic and stretched naval patrols. This resurgence drives up insurance, fuel, and security costs,...
Finance
Ohio Pauses Data Center Tax Credits Amid Growing Opposition
Ohio Governor Mike DeWine has directed the state to halt new tax credit applications for data centers, initiating a study into their...
Finance
JPMorgan Chase Eyes Acquisitions: Dimon Allots $10-20 Billion Budget
JPMorgan Chase CEO Jamie Dimon announced the bank could allocate $10-20 billion for potential acquisitions in the next few years, despite high...
Finance
Banks Shift Focus Upstream as Consumers Prepare for Cost Hikes
Consumers are proactively adjusting finances anticipating higher costs. Banks are responding by offering tools to forecast financial pressures before they become acute.
Finance
US Hunger Surpasses Pandemic Peak, New Fed Survey Reveals
A new Federal Reserve Bank of New York survey shows food insecurity in the U.S. is now higher than during the peak...
Finance
BOJ Faces Call for Outsized Rate Hike Not Seen Since 1990
Mizuho Financial Group CEO Masahiro Kihara has suggested the Bank of Japan consider an outsized interest-rate increase to combat inflation, a move...
Finance
Agentic AI Forces Rethink on False Payment Declines
Agentic AI is shifting payment system focus from fraud prevention to confidently recognizing good transactions. This demands a new approach to false...
Finance
PayPal’s Checkout Dominance Erodes as Rivals Gain Ground
PayPal, a pioneer in online payments, faces its most significant challenge in nearly three decades as competitors like Apple and BNPL firms...