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News
Hyundai Union Stages First All-Out Strike Since 2016 Over Wage Demands
10+ hour, 7+ min ago (79+ words) | Videos Hindustan Times Hyundai Union Stages First All-Out Strike Since 2016 Over Wage Demands Thousands of Hyundai Motor workers gathered outside the company’s headquarters on Friday as wage negotiations continued, staging an all-out strike for the first time in a decade....
Mortgage rates slip to 6.50% as bond yields stay high: What homebuyers must know
6+ hour, 56+ min ago (431+ words) Rates for other types of home loans moved differently. The average 15-year fixed mortgage rate is 6.00%, up 8 basis points from the previous day, while the 5/1 adjustable-rate mortgage (ARM) is 6.25%, down 29 basis points from Thursday, according to Zillow. The average 30-year…...
Why are oil prices rising? US-Iran tensions threaten Middle East oil supply
10+ hour, 46+ min ago (755+ words) Oil prices slipped slightly on Friday but remained on track for a second straight weekly gain. The drop came as tensions between the United States and Iran increased, raising fears that oil supplies from the Middle East could face more…...
Mortgage rates drop despite bond market turmoil: Why rates may rise again in coming weeks
1+ day, 4+ hour ago (218+ words) Mortgage rates fell slightly despite bond market volatility. Here’s why Treasury yields, inflation, the US deficit and oil prices could push rates higher. Mortgage rates fell slightly last week despite a big jump in bond market volatility The average 30-year…...
Global Government Bond Yields Stabilize Ahead of Fed Minutes
2+ day, 11+ hour ago (499+ words) “We are concerned about the development Global government bonds stabilized on Wednesday, taking a breather from Tuesday’s steep selloff ahead of the release of the Federal Reserve’s minutes from July’s meeting. Factors driving this week’s bond selloff, which lifted yields…...
Mortgage rates hold at 6.77% as homebuyers face high costs and mortgage demand falls
2+ day, 6+ hour ago (344+ words) Mortgage rates stayed unchanged last week, giving homebuyers and current homeowners little reason to contact lenders or make a move. The average rate for a 30-year fixed mortgage remained at 6.77% for loans with conforming balances of $832,750 or less, according to…...
Why did the S&P 500 fall today? Bond yields, oil prices and Iran tensions explained
3+ day, 4+ hour ago (547+ words) The S&P 500 fell on Tuesday as government bond yields rose sharply. The rise in yields increased fears about higher inflation and borrowing costs. The S&P 500 fell 0.5%. The Nasdaq Composite fell even more, dropping 1.1%. Semiconductor stocks saw heavy selling,…...
Global bond sell-off sends US treasury yields to multi-decade highs as Iran war drags on
3+ day, 10+ hour ago (680+ words) Global government bonds came under heavy selling pressure on Tuesday, pushing borrowing costs higher across major economies. Investors are becoming increasingly worried that the war between the US and Iran could last longer, keeping inflation and interest rates high. The…...
Social Security 2027 COLA could bring ‘Trump Bump’: How much could benefits rise?
3+ day, 12+ hour ago (634+ words) Social Security benefits could get a so-called “Trump Bump” in 2027. But this increase may not be good news for retirees. The boost is expected to come from the yearly cost-of-living adjustment, or COLA, which helps Social Security payments keep up…...
‘Can you tell me your appraisal rate?’ New employee’s question to senior sparks workplace debate
3+ day, 13+ hour ago (454+ words) A new employee’s questions during his first meeting with colleagues have sparked a debate about workplace etiquette. The interaction was shared on X by user Ojas Sharma, who appeared surprised by how directly the newcomer questioned a senior employee about…...