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BANDAR ABBAS, IRAN – SEPTEMBER 12: Daily life continues in the strategic port city of Bandar Abbas on the Strait of Hormuz amid ongoing tensions between Iran and the United States, as Iranians spend time along the city’s waterfront at sunset in Bandar Abbas, Iran on September 12, 2026. (Photo by Fatemeh Bahrami/Anadolu via Getty…
The buzzword this year was ‘layoffs’, which was on everyone’s lips. According to data by Trueup, more than 1.8 lakh people lost their jobs in 2026 so far, which comes to around 722 people per day. 2026 has been one of the roughest years for salaried jobs in recent memory, and the timing matches the…
Based on a few research papers that have attempted to quantify the impact of various economic reports as well as the general consensus among economic calendar purveyors, Retail Sales is allegedly a top tier market mover. In fact, a somewhat recent attempt by CME to rank econ data has in 5th place ahead of CPI,…
Traders treated the miss as a reprieve. Market-implied odds that the Fed will hold rates steady at its October 27-28 meeting jumped to 82.8%, according to CME Group’s FedWatch tool. The 10-year Treasury yield, the benchmark lenders use to price home loans, fell about 6 basis points to 5.176% in early trading. It had touched…
Allica Bank has expanded the use of an automated valuation model (AVM) in its bridging finance proposition. The bank has increased the maximum LTV from 70% to 75% and the maximum loan size for an AVM has moved from £750,000 to £2 million. It says the changes open the AVM route to significantly larger residential…
Insurance regulation must go beyond capping commissions to enforce product suitability, hold distributors accountable for mis-selling and prioritize policyholder outcomes over sales incentives.