Author: Jordan

Young people are already facing the worst entry-level job market since the start of the pandemic and significant economic instability.But overall economic conditions are making it more challenging for those just entering adulthood. More than eight in 10 young adults rate the economy as “bad” or “terrible”, according to a recent survey conducted with more than 1,000 18- to 34-year-olds around the US by Generation Lab, a research firm studying young people. While young adulthood is known as a time for establishing independence and responsibility, many are attempting to do so amid cuts to social safety net programs and the…

The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter.The bloc adopted a dynamic mechanism last year to ensure that the price cap is automatically set every six months at 15% lower than the average market rate for Russian Urals crude. The current price threshold is $44.10 per barrel and is due for review later this summer.Under the cap, European firms are banned from providing services such as insurance and transportation involving oil sold above the threshold.Oil…

Paragon Bank has strengthened its buy-to-let further advance proposition, streamlining the application process and reducing the minimum loan size to £2,000 and rates by 20bps. Following broker feedback, Paragon is migrating further advances onto its enhanced mortgage originations platform, using the same journey as its other buy-to-let mortgage applications. Where no property inspection is required, the move enables Paragon to issue offers in as little as 48 hours and means landlords can receive funds within 24 hours of the lender receiving a signed offer acceptance. The further advance proposition will use automated valuation models alongside other data sources…

With the net addition of 56 new item groups, the Statistics Ministry will release the first monthly industrial growth data based on the Index of Industrial Production (IIP) under the new series on Monday.The new series will have a base year of 2022-23, against 2011-12. This is the 10th revision of the base year of the All India IIP. The first IIP was prepared with the base year 1937, and thereafter the base year was revised successively to 1946, 1951, 1956, 1960, 1970, 1980-81, 1993-94, 2004-05 and 2011-12. Meanwhile, despite the new look, data for a particular month will continue…

Zoning Variance for Sliver High Rise at 51 Little West 12th Street Gets Big Pushback at Hearing The proposed tower with the zoning variance (l.); Village Preservation Exec. Dir. Andrew Berman testifying before the BSA (r.) A proposed zoning variance we’re fighting for a 203 ft. tall luxury high rise tower at 51 Little West 12th Street (West/Washington Streets) in the Meatpacking District faced big pushback and skeptical questioning from members of the NYC Board of Standards and Appeals (BSA) at yesterday’s hearing. Village Preservation, Community Board 2, Save Gansevoort, Assemblymember Deborah Glick, and hundreds of members of the public urged the BSA to reject…

According to rates from the Zillow lender marketplace, the current 30-year fixed rate fell 3 basis points to 6.33%, the 15-year fixed rate was unchanged at 5.79%, and the 5/1 ARM rose by 24 basis points to 6.45%. The 5/1 ARM rates have shown significant daily volatility over the last few weeks. READ MORE: Weekly survey of mortgage lenders with the best rates: The power of shopping rates Today’s mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.33% 20-year fixed: 6.26% 15-year fixed: 5.79% 5/1 ARM: 6.45% 7/1 ARM: 6.17% 30-year VA:…

Despite a period of volatility in March, it’s turning out to be another banner year on Wall Street. In recent weeks, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and technology stock-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC) all rocketed to record highs. There’s a lot piquing investors’ interests at the moment, including: Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue » The evolution of artificial intelligence (AI) The advent and proliferation of quantum computers…

National Energy Services Reunited (NasdaqCM:NESR) has filed a shelf registration to potentially issue a significant amount of new ordinary shares. The filing allows NESR to offer equity securities over time, rather than in a single transaction. The move signals that the company is preparing for possible capital-raising activities, subject to market conditions and internal needs. National Energy Services Reunited operates in the oilfield services space, supporting energy producers across exploration, development, and production activities. For investors, a shelf registration of this size can be an important signal about how the company is thinking about its balance sheet, future projects, and…

ModaMortgages has expanded its buy-to-let range with the launch of limited edition two-year fixed-rate products. The specialist lender said the new products start from 3.54% for single-dwelling properties and from 3.64% for houses in multiple occupation and multi-unit freehold blocks with up to six bedrooms or units. The launch follows the introduction of limited edition five-year fixed rates earlier this month, with products for single-dwelling properties from 5.14% and for HMO and MUFB properties with up to six bedrooms or units from 5.24%. The products are available to individual and limited company landlords up to 80% loan-to-value, with a choice…

Ton Dong A Corporation (UPCoM: GDA), one of Vietnam’s leading galvanized steel manufacturers, has unveiled plans for a mainboard listing on the Ho Chi Minh Stock Exchange (HoSE) alongside a multi-factory expansion strategy to capture high-value industrial manufacturing segments. The announcements were made during the company’s AGM held on Friday. The steelmaker expects to secure regulatory approval for its migration from the unlisted public companies market UPCoM to HoSE by the third quarter of 2026. However, management noted that the exact timing of the listing transition will be carefully weighed against market conditions to ensure maximum shareholder value. Ton Dong…