US mortgage rates hit lowest since October
US mortgage rates have seen a significant drop, reaching their lowest point since mid-October, which has led to an increase in home purchase financing. The 30-year mortgage contract rate fell…
Investing
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Exclusive: BCA CEO says demand for research will increase in Trump 2.0
Investing.com — Eric Jaffe, CEO of BCA Research, talks with Investing.com about what the outlook for market research might look like under the incoming Trump administration. Q1. Is there very…
Factbox-Who are bankrupt Northvolt’s creditors?
(Reuters) -Northvolt, the Swedish maker of battery cells for electric vehicles, on Nov. 21 filed for Chapter 11 bankruptcy protection in the United States with debts of $5.8 billion and…
German firms in China report record low business sentiment
German companies operating in China are experiencing unprecedentedly low business sentiment due to increased competition and a slowing Chinese economy, according to the German Chamber of Commerce in China. A…
France services PMI dips amid political concerns
Political uncertainty in France is impacting the country’s services sector, according to a recent survey. The HCOB France services Purchasing Managers’ Index (PMI) dropped to 46.9 in November, a decrease…
OECD cuts German growth outlook for 2025 amid political woes
The Organization for Economic Cooperation and Development (OECD) has revised its economic growth forecast for Germany, predicting a slower rate of 0.7% in 2025, a decrease from the previously projected…
GM to take more than $5 billion in charges on China operations
By Nora Eckert DETROIT (Reuters) -General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one…
Euro zone business activity contracts in November
In November, the euro zone experienced a sharp decline in business activity, with a significant contraction in the services sector adding to the downturn already seen in manufacturing. The final…
US think tanks’ policy ‘grand bargain’ offered as bargaining falls from favor
By Howard Schneider WASHINGTON (Reuters) – In another era, agreement among analysts from leading left, center, and right-leaning think tanks over a sweeping plan to address major fiscal and social…
BoE Governor sees gradual rate cuts in next year
Bank of England Governor Andrew Bailey has indicated that a series of gradual interest rate cuts is likely to occur over the coming year, asserting that the decline in inflation…