Consumer confidence slumps in July

Fixed mortgage rates dropped for a consecutive month, citing the biggest monthly reductions since October 2024, Moneyfacts data reveals. The latest figures show that the average two- and five-year fixed rates fell by 0.16% and 0.11% respectively, with both reaching 5.52%, their lowest points since the start of March 2026. The downward trend edges the…

Artificial intelligence, changing regulation and shifting business models shaped this week’s financial industry news. Brokers expanded their technology offerings, while regulators continued to examine the risks surrounding complex products and emerging forms of automated trading. Elsewhere, ownership changed hands at London Capital Group, a major payments deal emerged in Cyprus, and iFOREX cut its earnings…

  FC Porto has announced a new partnership with XTB, a global investment platform, that will run through the end of the 2028/29 season. XTB will become the club’s Official Investment Partner and its logo will appear on the sleeve of the men’s first-team shirt during all domestic matches. The new branding will debut this…

Victory Capital Holdings, Inc. (VCTR) announced an acquisition of First Eagle Investments Wednesday, a deal that will create a combined asset manager with $571 billion in client assets, the companies said. Key Takeaways: Victory Capital will pay about $7 billion for First Eagle, creating a $571 billion asset manager. First Eagle will keep its brand…

In This Article Sponsored by Connect Invest.  If you’ve ever gone in as an LP on a syndication, you already know this trade. The GP does the underwriting, manages the asset, and handles the three a.m. phone calls. You get distributions and upside, but you’re not the one on title, and you’re not the one…