Why have mortgage rates jumped despite interest rate cuts?
Mortgage rates have soared in recent weeks, an ugly surprise for prospective homebuyers who were hoping for relief from the Federal Reserve's big interest rate cuts last month. The average interest rate on a 30-year fixed mortgage rose for the third week in a row to 6.5%. According to Freddie Mac. This rate is up […]
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary, with more cuts coming – Yahoo Finance
Struggling New York Community Bancorp said Friday it will cut 700 jobs at its Flagstar subsidiary as it seeks to return to profitability following an investor bailout earlier this year. The bank said the job cuts represent 8% of its headcount, with a further 1,200 job cuts to be implemented after the sale of other […]
EUR/USD remains stuck near 10-week low as ECB cuts rates by 25 bps to 3.25% – FXStreet
The EUR/USD pair remains vulnerable at around 1.0850 as the ECB lowered deposit facility interest rates by 25bps to 3.25%. The ECB is expected to cut its key borrowing rate by 25 basis points again in December. The dollar strengthened as speculation that Trump would win increased. EUR/USD remained under pressure around 1.0850 on Thursday. […]
European Central Bank cuts interest rates after inflation falls below 2% | European Central Bank
The European Central Bank cut its headline interest rate by a quarter of a percentage point to 3.25% after inflation in the euro zone fell below its 2% target. ECB policymakers said after inflation figures released early Thursday showed annual price growth in the single currency bloc slowed to 1.7% in September from 2.2% the […]
LINDA McMAHON: America Needs The Trump Tax Cuts
The Biden-Harris administration has become synonymous with an economy in tatters. Americans are suffering from rising prices, stagnant wages, and increasing obstacles to starting a business, buying a home, and retiring. Americans' economic outlook from 2021 to 2024, according to the Gallup Economic Confidence Index It became negative. Compare this to the economic prosperity seen […]
Communist Nicaragua Cuts Ties with Israel, Calls Netanyahu ‘Son of the Devil’
Nicaragua's communist dictator Daniel Ortega called Israeli Prime Minister Benjamin Netanuayu “Hitler” and accused him of being the “son of the devil” on Monday night, days after severing diplomatic relations with Israel. Although the Ortega government maintains close ties with other authoritarian regimes such as Iran, China, and Russia, broken It partnered with the “fascist […]
Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]
Gold price bulls not ready to give up despite bets for smaller Fed rate cuts – FXStreet
Gold prices have attracted some bullish buyers, halting declines from Monday's more than one-week high. Geopolitical risks will drive flows into some havens, but a stronger U.S. dollar could limit commodity gains. Signs of a slowdown in China, the largest consumer of bullion, could put further pressure on XAU/USD. Gold prices (XAU/USD) retreated intraday from […]
New cervical cancer treatment regime ‘cuts risk of dying from disease by 40%’ | Cancer
Doctors have hailed a “remarkable” new treatment for cervical cancer, which reduces the risk of death by 40% and marks the biggest advance against the disease in 25 years. According to the World Health Organization, cervical cancer is the fourth most common cancer in women worldwide, with approximately 660,000 new cases and 350,000 deaths each […]
Boeing job cuts, stocks hit records, Tesla’s Robotaxi
F/M Investments Senior Portfolio Manager Don Nesbitt shares market opportunities on “Making Money.” U.S. stocks continue to hit record highs for another week Boeing cuts thousands of employees Inflation is progressing faster than expected, especially food inflation. JPMorgan CEO Jamie Dimon warns about US economy Hurricane Milton leaves damage as businesses try to recover Social […]