Mortgage rates in the US have climbed above 7%, the highest since May, impacting the housing market. US Mortgage Rates Surge Past 7%, Hitting Highest Point Since Last May New York: Last week, mortgage rates in the US crossed the 7% mark, reaching their highest level since early May. This rise has been ongoing for…
Lloyds Bank plans to close its Speke office in Liverpool, impacting 500 workers as part of a cost-cutting strategy Lloyds Bank to Close Liverpool Office, Affecting 500 Employees Liverpool: So, Lloyds Banking Group is shutting down its office in Speke, and it’s going to affect about 500 workers. They’re saying this is part of a…
Last month saw a slight dip in inflation, with some prices dropping while others surged, affecting everyday costs for consumers. Inflation Trends: Where Prices Eased and Where They Rose Last Month London: Last month, inflation dipped slightly to 2.5%. This change was mainly due to lower costs in transport, household items, and entertainment. However, some…
Goldman Sachs reported a significant profit increase, fueled by strong investment banking and trading activities in the fourth quarter of 2024 Goldman Sachs Profit Soars as Investment Banking and Trading Drive Success New York: Goldman Sachs had a fantastic fourth quarter, with profits more than doubling. They made $4.11 billion, which is a big jump…
As Trump prepares for his inauguration, investors are closely watching how his trade policies will impact the stock market Trump Trade Stocks Show Mixed Performance Ahead of Inauguration Day Washington: With Trump’s inauguration just days away, investors are buzzing about what’s next. He’s set to take the oath for his second term on January 20.…
Nintendo is set to unveil the Switch 2, featuring magnetic controllers and backwards compatibility, with many details already leaked. Nintendo Switch 2: What to Expect from Greater Power and Backwards Compatibility Tokyo: So, it looks like Nintendo is about to drop some big news about the Switch 2. They’ve been teasing it for a while,…
The average 30-year mortgage rate has climbed to 7.09%, impacting homebuyers amid rising prices and limited housing supply. US 30-Year Mortgage Rate Hits 7% Mark, Highest Since May 2024 Washington: The average interest rate for a 30-year mortgage just hit 7.09%, the highest it’s been in eight months. This rise is making it tough for…
Germany’s economy shrank for the second consecutive year, raising concerns about recovery amid a political crisis and global challenges. German Economy Faces Another Contraction Amid Ongoing Political Turmoil Berlin: So, it looks like Germany’s economy is in a bit of a rough patch. Official numbers show it shrank for the second year in a row,…
Carlsberg’s acquisition of Britvic has been approved, paving the way for a new integrated drinks business. High Court Approves Carlsberg’s £3.3bn Takeover of Britvic Hemel Hempstead: So, Carlsberg’s big move to buy Britvic has officially gotten the thumbs up from a High Court judge. This deal, worth a whopping £3.3 billion, is set to shake…
Private rents in the UK have surged by 9%, reaching an average of £1,330 monthly, according to recent data. UK Rents Jump 9% to Average £1,330 a Month, Hitting New Highs London: Private rents in the UK have shot up by 9% over the past year, hitting an average of £1,327 a month. In England,…
