US 30-year mortgage rate surges to 6.73%, highest since July
(Reuters) – The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as…
Economy
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US Treasury keeps auction sizes through January 2025, announces $125 billion refunding
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for U.S. notes and bonds for “at least the…
ECB does not need to stimulate economy, Schnabel says
FRANKFURT (Reuters) -European Central Bank board member Isabel Schnabel pushed back on Wednesday against calls for ultra-easy monetary policy, arguing that inflation was unlikely to ease below its 2% target…
US pending home sales jump the most in more than four years, NAR says
(Reuters) – Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving…
Labour Party delivers UK budget; set to raise taxes by £40bn
Investing.com – The new Labour government delivered its first budget after 14 years in opposition, announcing the biggest tax hikes in three decades, alongside billions of pounds of extra borrowing…
Grief in the workplace: Four ways to help employees cope
By Chris Taylor NEW YORK (Reuters) – Money and sex are obvious taboo topics in the American workplace. But here is one you might not have thought of: Grief. If…
Canada faces worsening home ownership crisis with stalled condo sales
By Promit Mukherjee OTTAWA – Canada’s home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding…
Saudi Arabia ‘doubling down’ on economic transformation plan, finance minister says
By Yousef Saba and Federico Maccioni RIYADH (Reuters) – Saudi Arabia is strengthening its commitment to an economic transformation plan designed to wean the economy off oil, its finance minister…
China’s big banks post rise in Q3 profits, squeeze on NIM
BEIJING/SHANGHAI (Reuters) -China’s largest lenders posted a rise in third-quarter profits on Wednesday, although margins were slimmer for some. The frontrunner was Agricultural Bank of China (OTC:ACGBF) Ltd (AgBank), which…
Japan’s life insurers set to buy JGBs in Oct-March, weigh risk returns
By Tomo Uetake TOKYO (Reuters) – Japan’s major life insurers are expected to continue purchasing Japanese government bonds (JGBs) into the second half of the fiscal year, but the pace…