The average 30-year mortgage rate rose to 7.03%, its first move above 7% since January 2025. Rising Treasury yields, inflation concerns and expectations of further Federal Reserve rate increases are adding pressure to homebuyers.
Posts published in “Financial”
Trump and Xi are meeting as a temporary trade truce approaches its November deadline. They last met in late October in Busan, where they stepped back from an escalation in their trade dispute.
Trump greeted Xi Jinping at a Maryland air base on Wednesday as the Chinese leader arrived for a US visit. Treasury Secretary Scott Bessent said the countries had agreed to extend a temporary trade truce until January 10.
Trump is set to host Xi Jinping for a state visit as the United States and China weigh a tariff-truce extension and confront disputes over AI and Taiwan. A formal meeting and state dinner are scheduled for Thursday.
DoorDash will pay $131.5 million to settle a New York City investigation into underpaid and late-paid delivery workers. The city says nearly $115 million will go to workers under its 2023 minimum-pay law.
Paramount Skydance has settled a 12-state antitrust challenge to its planned merger with Warner Bros. Discovery. The agreement includes film-release commitments, news editorial boards and more than $1 billion in U.S. production and film-release investment.
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in New York ahead of President Trump’s planned summit with Chinese President Xi Jinping. Trade, artificial intelligence and critical minerals are expected to dominate the agenda.
President Donald Trump signed a sanctions law targeting Russia’s leaders, banks, energy sector and major oil and gas buyers over the war in Ukraine. The measure gives him authority to impose tariffs of up to 100% on top purchasers of Russian energy, including China and India.