The stronger-than-expected employment report is the catalyst for ending a five-week streak of declining mortgage rates, Freddie Mac reported. The 30-year fixed rate mortgage averaged 6.72% as of July 10, a gain of 5 basis points compared with the prior week when it averaged 6.67%, the Freddie Mac Primary Mortgage Market Survey reported. But it
The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system. The investment decision between the two boils down to your financial goals, risk tolerance and time horizon, said Tony Salgado, president and founder of AMS Wealth. “The real
MISSOULA — With millions of dollars in private investment slated for downtown Missoula, new year-round air service to Chicago and a successful marathon weekend in the books, the local economy may be waking from its post-pandemic doldrums. Barb Neilan, executive director of Destination Missoula and the Tourism Business Improvement District, said two recent successes —
PORTSMOUTH — With a casino hotel on the way in Portsmouth, city leaders are using grant funding to help market the city as a destination stay in hopes of boosting tourism-related revenue. Portsmouth received two state grants totaling $42,500 to help broaden marketing efforts to areas across North Carolina and Virginia. The grants will help
California is in the process of passing several bills designed to further its crypto regulation and acceptance within the state. The Golden State is aiming to establish itself as the most crypto-advanced state in the country by enabling government agencies to accept cryptocurrency payments, while also passing a law that would enable it to seize
WASHINGTON (TNND) — An asset management firm’s chief economist suggested the possibility this past weekend the Trump administration outsmarted the public with its tariffs. Torsten Slok, chief economist and partner at Apollo Global Management, wrote in a blog post that one of the administration’s possible trade strategies could increase U.S. tax revenue while pleasing the
Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the
By WILL WEISSERT, Associated Press WASHINGTON — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
Suzanne McGee, Saqib Iqbal Ahmed and Lewis Krauskopf | Reuters U.S. enters Israeli-Iran conflict, attacks three nuclear sites in Iran President Donald Trump said Saturday that the U.S. military struck three sites in Iran, directly joining Israel’s effort to decapitate the country’s nuclear program in a risky gambit to weaken a longtime foe amid Tehran’s