FOUND: 2 | Mind Blowing Facts

Dollar Ticks Up and Gold Slides on US Inflation News

The dollar index (DXY00 ) rallied to a 1.5-year high on Wednesday and finished up by +0.37%. The dollar advanced on Wednesday on the stronger-than-expected US Sep CPI report, which bolsters speculation that the Fed will keep interest rates higher for longer. The CPI report boosted the chance of a...

Barchart · Oct 14

California football booster treasurer accused of misusing $411,761, including mortgage payment

Julie Hanway Molina has been indicted for allegedly defrauding her high school football booster club. Molina is accused of diverting approximately $411,761 for personal expenses over a period from 2023 to 2025. She reportedly concealed these transactions by sending false treasurer reports to board members. The Justice Department claims she…

The Times of India · Oct 14

The American Dream of owning a home is out of reach for millions. Two things could change that

New research looks at the factors for home affordability to improve in next five years

The Independent UK · Oct 14

You’re Offered $1 Million but Can Never Own a Home Again — Would You Take It?

A million dollars sounds like an excellent reason to sign away the right to own a house. Then the landlord raises the rent, a friend sells a starter home for a handsome profit, and the dream kitchen suddenly looks less ridiculous. Taking the money could eliminate debt, create investment income,…

The Free Financial Advisor · Oct 14

Doogan demands urgent action from UK over cost-of-living ’emergency’ this winter

SNP Westminster leader Dave Doogan said all major household bills have risen since Andy Burnham became Prime Minister.

Evening Standard · Oct 13

US existing home sales rise in September; higher mortgage rates dim outlook

Home sales rose 1.5% last month to a seasonally adjusted annual rate of 3.99 million units, the National Association of Realtors said on Tuesday. Economists polled by Reuters had forecast home resales would decline to a rate of 3.95 million units.

The Economic Times · Oct 13

Big bank rejects push to end financing of land clearing

Commonwealth Bank shareholders have firmly rejected an attempt by conservationists to get the company to end the financing of deforestation.

AAP · Oct 13

The RBA keeps hiking interest rates – but are the rate rises actually working?

With the cash rate at a 15-year high, consumer confidence has tanked – while household spending is still growing

The Guardian - AU · Oct 13

Andy Burnham 'breaking cost of living promises' as mortgages rise, SNP warn

Andy Burnham has been accused of breaking his promises to cut the cost of living as homeowners face rising mortgage costs

The National (Scotland) · Oct 13

Mortgage hedging adds selling pressure to US Treasury market as yields surge

Rising US Treasury yields and mortgage rates have triggered increased mortgage-related hedging, adding selling pressure to the bond market. However, analysts expect the impact to remain limited compared with previous selloffs, as refinancing incentives decline and the mortgage market shrinks. Oil prices, inflation expectations, and Federal Reserve policy remain key…

The Economic Times · Oct 13