Key Takeaways At current mortgage rates of 6.5%, homebuyers can expect to pay more in lifetime interest than their home’s purchase price. In some expensive markets, interest may exceed $1 million over the life of a 30-year mortgage. Homebuyers can save money by shopping for better rates, selecting a 15-year mortgage and making extra payments. […]
Tastytrade was fined $850,000 by the Financial Industry Regulatory Authority (FINRA) for failing to properly check whether its customers were getting the best available prices on stock trades, the US brokerage regulator said. FINRA accepted the settlement on Tuesday and censured the firm, closing a review that spanned three years of order routing. At the […]
Outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals grew 3.6 per cent year-on-year (Y-o-Y) to $2.39 billion in May 2026, driven by a surge in overseas investments, according to Reserve Bank of India (RBI) data. The data showed that deposit-related remittances more than doubled to $118.12 million in May, […]
Mortgage interest rates moved higher today as the war in Iran continues to disrupt energy markets. July’s rates have remained elevated beyond what we saw in June, trending above last month’s average (6.34%) for 20 days straight. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.57% APR, according to rates provided to […]
Treasury yields are approaching the highest levels seen since the Iran war started in February as oil prices rise
AI chatbots are finding new professions every day — they’re coders, therapists, boyfriends and now, maybe even financial advisors. According to a new NerdWallet survey, more than a quarter of Americans (26%) say they’ve used an AI chatbot to find answers to personal finance questions. About half of those users (49%) say they asked AI […]
New Production Line in Vietnam to Meet Growing B2B Demand for Advanced Materials, Including PuroTec™ and Easy-Clean Enamel News Summary LG Electronics has launched a new production line for glass powder-based materials at its manufacturing facility in Haiphong, Vietnam. The line will produce approximately 2,000 tons of materials annually, including LG PuroTec™ and Easy-Clean Enamel. Together with its […]
For advisers working with high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, protection planning is rarely straightforward. One of the most common – and often underestimated – complications arises when clients engage in hazardous pursuits. From private aviation and offshore sailing to high-altitude mountaineering or motorsport, these activities can significantly influence underwriting outcomes. Yet the real challenge […]
Key takeaway: The Securities and Exchange Commission’s proposed optional reporting schedule is expected to be adopted mainly by smaller banks, while larger institutions that face greater investor and media scrutiny are likely to continue reporting quarterly. Expert quote: “Eliminating mandatory quarterly reporting requirements could result in a range of unintended consequences that have the potential […]
Listen to the audio version of this article (generated by AI). A Prisoner’s Dilemma with a Chinese accent… another Messy Middle story… OpenAI’s AI hacks Hugging Face… reader feedback about yesterday’s Digest Did Alphabet (GOOG) confirm its capex spend? By the time you read this, we’ll likely already know the answer. Alphabet’s second-quarter earnings report […]