US mortgage rates climbed to a more than one-year high last week, extending a steady rise in borrowing costs since the start of the Iran war. Processing Content The contract rate on a 30-year mortgage rose 6 basis points to 6.85% in the week ended Sept. 4, according to Mortgage Bankers Association data released Wednesday….
Key Points In a $100-oil environment, expanding existing resources with extremely low production costs will be highly advantageous. ExxonMobil’s shares closed 2.2% higher yesterday following the news. New development costs should be minimal as Exxon already operates on Block 15, which has proven resources and well-developed fields. 10 stocks we like better than ExxonMobil ›…
Social Security’s annual cost-of-living adjustments (COLAs) are extremely important to retirees. Those COLAs allow benefits to increase in line with inflation, which is crucial considering that many retirees collect Social Security for decades. This year, Social Security benefits received a 2.8% COLA, but many seniors are hoping for a larger raise in 2027. And at…
Major US banks’ equity collateral surges to record $140bn – Risk.net Skip to main content Close navigation menu End of drawer navigation content Stocks overtake Treasuries as fourth-largest OTC collateral type The largest US banks held a record $139.7 billion of equity securities as collateral against over-the-counter derivatives in the second quarter of 2026. The…
Rural farmland in Western Australia has followed the same trends as the state’s capital, with conditions slowing after years of values booming. According to Peter Storch from Raine & Horne Rural Western Australia, the priorities of rural buyers had shifted. You’re out of free articles for this month After years of growth supported by…
Pumpkin spice and everything nice, that’s what fall is all about. Unless you’re a condo developer in Manhattan. Then fall is all about getting busy — a lot more busy. The fourth quarter of 2026 is expected to show a release of 768 new sponsor units across 20 new developments, the largest quarterly release since…
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The Satya Niketan building collapse incident that shook the national capital had far reaching consequences, it has not only raised safety concerns but has also brought into limelight PG owners’ reluctance to refund security amount. Videos are circulating on social media showing landlords refusing to return security deposits to students willing to evacuating unsafe buildings….
ExxonMobil (XOM +2.22%) and Angola’s National Oil, Gas and Biofuels Agency (ANPG) announced a new oil discovery off Angola’s coast in a field that has already produced a massive 2.7 billion barrels of oil since the first oil discovery there in 1998. Exxon’s shares closed 2.2% higher following the news. For shareholders, the attractiveness lies…
Artificial intelligence can compress work that once took days into minutes, but companies still must decide what their people should do with the time they get back. That management challenge framed the inaugural episode of “Fired Up” with payments veteran Paulette Rowe. “Fired Up” is a new PYMNTS Business News Network podcast series examining culture,…