Mortgage interest rates are higher today, as the war in Iran is heating back up. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.53% APR, according to rates provided to NerdWallet by Zillow. This is seven basis points higher than yesterday and 11 basis points higher than a week ago. (See our […]
Resurgent inflation eased in June as gasoline prices declined over the month, though uncertainty over the trajectory of oil prices and Iran war hostilities have reignited in recent weeks. The consumer price index (CPI) fell 0.4% across the all-items index on a seasonally adjusted basis last month, compared to 0.5% growth in May, the U.S. […]
Key insight: During JPMorganChase’s second-quarter earnings call, CEO Jamie Dimon addressed the executive reshuffle announced in June and said the timing of his departure remains up to the board of directors. Expert quote: “The timetable is essentially the same — several years. You can use a few years. You can use plus or minus. Obviously, […]
The Reserve Bank of India on Tuesday proposed allowing mutual funds, insurance companies and pension funds to retain a standing approval to acquire higher stakes in the same bank without seeking fresh regulatory clearance each time their holdings fall below the 5% threshold. The move is aimed at easing the regulatory compliance for large institutional […]
“I’m wondering whether I should ask to work with someone closer to our generation.”
Virtu Financial, Inc. (NYSE: VIRT) has released preliminary estimated results for the second quarter of 2026, revealing solid financial performance as the global market maker and financial services technology provider moves to raise additional debt financing. The New York based firm expects net income of $285 million for the quarter ended June 30, 2026, with […]
More than 96% of investors expect Andy Burnham to raise taxes over the next year, a new poll has found. The latest survey by Wealth Club carried out this month reveals that almost 53% of investors believe taxes will definitely rise and more than 43% say they will probably increase over the next 12 months […]
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday urged banks to leverage advanced technology, including artificial intelligence (AI), to reduce costs, improve operational efficiency and strengthen customer experience while ensuring cybersecurity. During the RBI’s half-yearly meetings with the managing directors (MDs) and chief executive officers (CEOs) of public sector banks […]
Key insight: Visa has introduced an AI-powered financial assistant targeted at bank clients. What’s at stake: Banks are investing in AI, with customer experience being a primary strategy, and to date, Visa has not been part of this. Forward look: The card network will add more functions in the coming months. With banks considering how […]
The outcome for Fannie Mae and Freddie Mac’s stock is “in the Trump administration’s hands,” with pressure to determine this before the president’s term ends, according to Michael Burry, a famous investor. Processing Content In a new report published Friday, Burry downplayed the impact of Trump’s recent executive order on mortgage credit and its potential […]