Author: Jordan

Foreign transaction fee When you’re travelling abroad or shopping on foreign websites, every transaction you make with your credit card has to be converted from the country’s currency to Canadian dollars before appearing as a charge on your statement. Because of this, many card issuers charge a foreign transaction fee (usually 2.5%) in addition to the spot rate.  Credit card exchange rate markups On top of the foreign transaction fee, credit card networks also mark up the exchange rate between Canadian dollars and the foreign currency. This means that you’ll always pay more than the official exchange rate listed by…

article A ‘For Sale’ sign is posted outside a single family home on August 22, 2025 in Pasadena, California. (Photo by Mario Tama/Getty Images) Mortgage rates moved slightly higher this week but remained largely stable, according to Freddie Mac’s latest Primary Mortgage Market Survey released Thursday. By the numbers: The average rate on the benchmark 30-year fixed mortgage increased to 6.49%, up from 6.47% last week. Two weeks ago, the average stood at 6.52%. At the same time last year, the 30-year fixed-rate mortgage averaged 6.77%. RELATED: These states have the most million-dollar ‘starter homes’ What they’re saying: “The average…

Sydney, June 27, 2026, 10:45 AEST Key points ASX 200 closed down for the holiday-shortened week, with miners giving up earlier gains. Banks and domestic sectors absorbed some of the losses as iron ore and metals weakened. Markets are split on what the Reserve Bank will do next after softer inflation but stronger jobs data. Investors are watching for China PMI numbers, comments from the RBA, and the early days of earnings guidance season. Australian shares closed out a choppy week with miners dragging down the main index, even as buyers moved into local companies, healthcare stocks, and some tech…

Key PointsMicron’s third-quarter earnings for fiscal 2026 were up 13-fold year over year.There has been incredible demand for memory, as data centers and chip clusters scale.Investors wonder if a historically cyclical sector has fundamentally changed moving forward.In recent weeks, the market has shown artificial intelligence fatigue, as concerns have mounted and investors wonder whether the rally can continue without a pullback first.However, some of the AI-bottleneck trades remain as strong as ever.Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that…

Rates start from 3.34% for 2-year fixed and from 4.94% for 5-year fixed, following recent cuts across the range. ModaMortgages has removed the application fee on its limited-edition 2- and 5-year fixed-rate buy-to-let (BTL) products.  Rates start from 3.34% for 2-year fixed and from 4.94% for 5-year fixed, following recent cuts across the range. Becki Fraser-Tucker (pictured), head of sales at Chetwood Bank for ModaMortgages, said: “We’re always pushing to make our buy-to-let range work harder for brokers, and scrapping the application fee is a big move.  “We already knew the range stacked up, but this takes it to another…

Igor Pejic, an indpendent tech investing strategist and author, believes pension funds are uniquely positioned for this kind of strategy because they have the capital to diversify, the long-term investment horizon to ride out failures and the liquidity profile to wait for explosive growth curves. But he also acknowledged a sharp distinction between the opportunity that existed in 2019 and the one investors face today. Back then, SpaceX had a clear commercial path built around reusable rockets, government contracts and satellite internet. The merger with xAI, he argues, has changed the calculus entirely. Source link

Kiharu MP Ndindi Nyoro/FILEKiharu MP Ndindi Nyoro has apologised to Kenyans for missing last week’s parliamentary vote on the Finance Bill 2026, saying he regretted disappointing the public after weeks of opposing some proposed tax measures.Speaking during a press briefing on Saturday, Nyoro admitted that his absence during Thursday’s vote had fallen short of the expectations of many Kenyans who had followed his position on the Bill.”…I want to take this very first opportunity to apologise to Kenyans for the disappointment I caused them last week during the finance bill vote on Thursday of last week,” Nyoro said.”It is not…

The best government bond market may be outside the United States.Allspring Global Investments’ George Bory is pushing clients toward countries whose central banks are raising interest rates or have different inflation dynamics.”Bond markets everywhere have rushed to price inflation. Places like the UK, certainly across Europe, even places like Australia — we’ve seen a material run-up in central bank tightening expectations,” he told CNBC’s “ETF Edge” this week. “Now, some of that’s been delivered on already. The ECB raised rates just a few weeks ago. The expectation is they will do a bit more. But unless the Fed is going…

June 25, 2026, 21:15 GMT | Comment As corporate value in the United States has become increasingly tied to intellectual property rather than physical assets, lenders are looking beyond traditional forms of collateral to finance companies against patents, data, trade secrets and other intangible assets.The factories, machinery and real estate that once anchored corporate borrowing are increasingly giving way to a different form of collateral: patents, trademarks, copyrights, proprietary databases and trade secrets.As intangible assets have come to dominate corporate value, attorneys, lenders, investors and insurers are increasingly financing companies against intellectual property that often represents their most valuable asset.The…

Tether enables borrowing against $23B tokenized gold reserve, expanding digital gold lending.Tether is allowing holders of its tokenized gold, Tether Gold (XAUT), to borrow against their gold holdings without selling the asset. This move, in partnership with crypto lender Ledn, mirrors bitcoin-backed lending and unlocks liquidity from Tether… Source link