Flooded with Spam After Searching for Lenders to Refinance
Recent events have shown how an unthoughtful search for information about refinancing lenders can lead to unexpected consequences, including a spike in unwanted emails and spam. Users who decided to research their refinancing options reported being suddenly inundated with a massive amount of unsolicited messages after using one of the popular search engines.
Continue reading
Mortgage Rates Continue to Climb, Reaching New Heights
Latest data shows that mortgage rates in the United States continue to rise, reaching new levels not seen in recent years. According to a report released this week, the average rate for 30-year fixed mortgages has climbed to 7.59%. This increase is part of a broader trend observed in the economy, linked with the rising base interest rates set by the Federal Reserve.
Continue reading
First Prodrive P25 for Sale: What We Know About It?
Prodrive, a company known for its achievements in motorsport, has announced the sale of the first manufactured example of its new sports car, the P25. This vehicle represents a modern interpretation of the iconic Subaru Impreza WRX, which has left a lasting impression on many due to its aggressive looks and powerful performance.
Continue reading
Small Business Owners' Optimism Faces Growing Uncertainty
According to a recent survey conducted by the National Federation of Independent Business (NFIB), many small business owners remain optimistic despite worsening economic conditions and rising inflation. The survey revealed that 56% of small business owners expect their revenues to grow in the coming years, while 42% believe they can improve their commercial activities under current conditions.
Continue reading
Mortgage Rates Continue to Rise at the Start of 2025
According to the latest data published on January 30, 2025, mortgage rates in the U.S. are showing a steady increase, which could have a significant impact on the housing market. Currently, the average rate for a 30-year fixed mortgage has reached 8.23%, the highest level in the last 20 years.
Continue reading
The U.S. Faces Historic National Debt Reaching Over $36 Trillion
The national debt of the United States has reached a record high of $36 trillion, raising significant concerns among economists and financial experts. This alarming figure not only represents economic troubles but also highlights the complex challenges that the American government faces regarding spending, taxation, and debt management for future generations.
Continue reading
US Offers $1.6 Billion for Low-Carbon Ammonia Plant Financing
According to recent news, the US government has announced a $1.6 billion funding package for a new plant that will specialize in low-carbon ammonia production. This decision aims to support the transition towards cleaner and more sustainable energy sources, which is an essential part of the strategy to reduce greenhouse gas emissions and combat climate change.
Continue reading
New Wave: How Fed Rate Cuts Affect Corporate Finances
Recent changes in the Federal Reserve's (Fed) policy aimed at lowering the key interest rate have had a significant impact on the corporate sector. Entering a new economic reality has become a crucial moment for financial chiefs of large companies who are reassessing their borrowing and debt management strategies.
Continue reading
Singapore VC Launches Startup Debt Fund Amid Depressed Valuations
A new venture capital fund in Singapore, managed by Axiata Digital, has successfully raised $67 million to launch a dedicated fund aimed at financing startups through loan mechanisms. This initiative has become particularly significant given the current market realities, where many startups face difficulties in acquiring capital due to falling valuations of their companies. The main goal of this initiative is to provide more accessible funding sources, bypassing traditional venture capital methodologies, which have become less attractive to investors in most cases.
Continue reading
Thai EV Sales to Miss Target as Banks Curb Loans on Debt Risk
A recent market analysis revealed that electric vehicle (EV) sales in Thailand will fall short of planned levels. The primary reason for this is the rising debt risk, which has led banks to restrict loan provisions for the electric vehicle sector. This situation is causing concern among manufacturers and potential buyers, as the availability of financing plays a crucial role in the purchase of such vehicles.
Continue reading