June 3, 2025

business

Mortgage

Mortgage demand drops as would-be homebuyers wary of US economy

Homebuyers continued to retreat last week despite relatively stable mortgage rates as broader concerns about the economy and labor market weighed on demand. Mortgage applications to purchase a home fell 4% from the previous week, according to the Mortgage Bankers Association — marking the slowest pace of activity since February. The seasonally adjusted index showed

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Finance

Ohio finance influencer federally charged in $11 million Ponzi scheme

Top headlines of the week, April 25 2025 Here are some stories you may have missed this week in central Ohio. Social media finance influencer Tyler Bossetti, 31, of Columbus, faces federal charges for allegedly defrauding investors of over $11 million. Bossetti promised high returns on investments for property flipping but federal prosecutors say he

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Investment

$100B US investment hinges on federal support

Nichola Groom  |  Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said

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Finance

Finance Minister meets IFC Managing Director to deepen cooperation in key sectors

The Minister for Finance, Dr Cassiel Ato Forson, has held a high-level meeting with the Managing Director of the In­ternational Finance Corporation (IFC), Mr Makhtar Diop, as part of ongoing efforts to strengthen Ghana’s partnership with the global development finance institution. During the meeting held at the just ended World Bank/IMF Spring Meetings in

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Crypto

MoonPay to put down roots in NYC with new US headquarters — leading to predicted crypto real estate boom

Crypto continues to stake its claim in the financial capital of the world.  MoonPay, the global leader in crypto payments, is opening a new 5,000-plus square-foot U.S. headquarters in SoHo, NYNext can exclusively report. With the move, the company becomes the latest digital currency firm to expand its presence in NYC.  MoonPay’s new headquarters is a

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Investors

Big Tech carries Wall Street to close of its roller-coaster week

By STAN CHOE, AP Business Writer NEW YORK (AP) — Big Tech stocks carried Wall Street Friday to the close of a winning, roller-coaster week, one that saw markets swing from fear to relief and back to caution because of President Donald Trump’s trade war. The S&P 500 rose 0.7% to add some more to a big three-day rally,

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Investment

Bally’s Casino Nixes Controversial Minority Investment Offer

CHICAGO — Bally’s Casino has scrapped its investment offering targeted at women and other minorities after facing significant legal challenges and a lack of guidance on the program from the Securities and Exchange Commission. The company announced this week that it has submitted a new investment offering to the SEC that instead gives preference to

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Banking

Banking sector expands 15.8% in 2024

Listen to article KARACHI: The State Bank of Pakistan’s 2024 Financial Stability Review signals improving macroeconomic conditions, with easing inflation, stable exchange rates, and a rebound in private sector credit. The banking sector showed strong performance, though concerns remain over rising borrowings, stressed microfinance banks, and global protectionist risks. The review highlights that macroeconomic conditions improved considerably

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Mortgage

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages

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Loans

SBA chief wants bigger loans for small manufacturers

The Trump administration is eyeing an expansion of federal loan programs for manufacturers as part of its “Made in America” initiative. Kelly Loeffler, head of the U.S. Small Business Administration, said in Hauppauge on Thursday that her agency wants to make bigger loans to factories. “We are certainly looking at expanding the loan size, expanding the

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