US Mortgage Rates Surge to Highest Since November, Hitting 7.1%
Mortgage rates in the US climbed past 7% for the first time this year.
Mortgage rates in the US climbed past 7% for the first time this year.
Long-stalled aid to Ukraine, Israel and Taiwan is on track to pass Congress as House Democrats lined up to back Speaker Mike Johnson’s plan and provide the votes to overcome a planned blockade attempt by GOP conservatives.
Goldman Sachs Group Inc. is marketing investment-grade bonds, just two days after issuing perpetual notes, as the bank taps investors following its surprisingly strong first-quarter results.
Bank of England policymaker Megan Greene said the UK faces difficult trade-offs over whether to cut interest rates because underlying inflation remains high and growth is weak.
Brevan Howard Asset Management is cutting 10% of its workforce — or about 100 employees — to reduce costs as one of the world’s best known hedge fund giants streamlines its rapidly-growing operation.
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