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Reverse mortgage rates have fallen across Canada, but the latest cuts were not triggered by the Bank of Canada and were less directly tied to bond-market movements than conventional mortgage rates. In late June, Equitable Bank lowered the 5-year fixed rate on its Flex Lite reverse mortgage from 6.44% to 6.23%. Days later, Bloom Financial…
(Bloomberg Opinion) — That leveraged single-stock exchange-traded funds will eventually maul the retail investors who love them is, by now, close to consensus. My Bloomberg Opinion colleague Shuli Ren made the case last month that investors in leveraged ETFs tied to semiconductor stocks such as South Korea’s SK Hynix Inc. are at particular risk of…
Global equities were little changed last week, gaining 0.2% in local currency terms and edging down 0.1% in sterling terms. The US outperformed with a gain of 0.6% in sterling terms, helped by its relative insulation from the renewed conflict in the Strait of Hormuz and strong gains in some US tech stocks.Other regions, by…
FIS has joined Anthropic’s Project Glasswing and is using the artificial intelligence company’s most advanced frontier model, Mythos 5, to secure its own systems. Project Glasswing is Anthropic’s initiative that allows select organizations that build or maintain foundational software to use the company’s most advanced AI models for defensive security work, FIS said in a…
by Calculated Risk on 1/09/2026 01:12:00 PM The Federal Reserve released the Q3 2025 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $181.6 trillion during the third quarter of 2025. The value of directly and indirectly held corporate equities increased $5.5 trillion and…
The median sales price for an existing US home reached approximately $441,000 in June, an all-time high, according to NAR. Mortgage rates hovered near 6.5% during the month and have since risen further. The 30-year fixed-rate mortgage hit its highest reading since August 2025, reaching 6.65% in the week ending July 10, according to the Mortgage…