Author: Jordan

Castle Trust Bank has introduced automated valuation models on eligible buy-to-let cases to speed up applications and reduce the need for physical property valuations. Castle Trust Bank has enhanced its buy-to-let proposition with the introduction of automated valuation models (AVMs) on eligible applications, as it looks to streamline the lending process for brokers, landlords and property investors. The lender said AVMs will be available on standard residential properties, including houses and single flats, with a value of up to £750,000 and a maximum loan-to-value of 65%. By removing the requirement for a physical valuation on qualifying cases, Castle Trust Bank…

Steam remains the most popular gaming platform on PC, known for making game purchases quick and accessible. However, buying games on the platform may soon become slightly more complicated for some users, as Valve has announced it will eliminate one of the most convenient methods for adding funds to a Steam account: physical gift cards.The decision comes in response to the persistent and evolving threat of gift card scams, which have increasingly targeted both consumers and retailers. According to Valve, scammers frequently exploit physical Steam Gift Cards to deceive users and steal money, prompting the company to take action after…

(Kitco News) – Despite significant selling pressure, the gold market has managed to hold critical long-term support above $4,000 an ounce. However, even if this support level fails, one market analyst said that current prices represent a good buying opportunity to build a long-term position.In an interview with Kitco News, Thorsten Polliet, Honorary Professor of Economics at the University of Bayreuth and publisher of the BOOM & BUST REPORT, said that even if gold prices continue to drop, the long-term bull trend remains unbroken.Although the recent volatility and price action have been disappointing for many gold investors, Polleit said that…

On June 11 gold futures on the Shanghai Futures Exchange plunged more than 4% at the start of trading, dragging silver down while China’s energy and industrial commodity futures continued to rise. This sharp metals-versus-industrials divergence raises volatility and cross-asset risk that could pressure crypto, DeFi and CEX/DEX liquidity and influence fundraising and adoption dynamics in digital-asset markets.Bearish Source link

SpaceX (SPAX.PVT) may be a generational business. History says IPO day can still be a terrible entry point. Across more than 9,000 operating-company initial public offerings from 1975 to 2021, 60% of returns finished flat or lower three years after the first close, while only 16% more than doubled. The average return was positive — but only because a small group of moonshots pulled it higher. Three years after buying at the first close, 60% of IPOs were flat or down, while only 16% more than doubled. · Jay R. Ritter, University of Florida, Yahoo Finance analysis The data comes…

Sharon Stone said on the latest episode of “The Louis Theroux Podcast” that producer Robert Evans advised her to have sex with co-star Billy Baldwin in order to save their film, “Sliver.” The 1993 thriller from director Phillip Noyce starred Stone as a book editor who moves into an exclusive New York City apartment building and discovers its residents harbor dark secrets. Evans allegedly wanted Stone and Baldwin to have better “chemistry on screen” because it would “save the movie.” “He is running around his office in sunglasses explaining to me that he slept with Ava Gardner and I should…

Foundation has revamped its buy-to-let (BTL) mortgage range with the addition of new deals, as well as making rate reductions. The firm has introduced remortgage-only products at 65% loan to value (LTV), available at 6.09% for F1 lending and 6.29% for F2. There is also a first-time buyer/landlord two-year fixed rate at 75% LTV available at 6.39% for F1 borrowing; for F2, the two-year fix at 65% LTV stands at 5.99%. Its two-year fixed rate house in multiple occupancy (HMO) and multi-unit freehold block (MUFB) offerings at 65% LTV are priced at 6.14% and 6.19%, respectively. The Property Plus…

SpaceX’s Super Heavy booster is seen on the launch pad, as Starship is prepared to be placed on top, at the company’s Boca Chica complex, ahead of Starship’s eighth test flight which is targeted for March 3, from Starbase, near Brownsville, Texas, U.S. March 2, 2025.Kaylee Greenlee | ReutersFor nearly two decades, some of the world’s most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets. Now, with Elon Musk’s company seeking a valuation of roughly $1.8 trillion in its initial public offering, those early bets are poised to generate some…

A former retail banker at TD Bank was sentenced to two years in prison for accepting bribes and helping launder more than $5.5 million in narcotics proceeds to Colombia, the Justice Department announced. Leonardo Ayala, 26, of Homestead, Florida, was also ordered to serve three years of supervised release following his prison term, prosecutors said. According to court documents, Ayala exploited his position at TD Bank N.A. between June and November 2023 to facilitate the laundering of narcotics proceeds to Colombia. During that period, he opened fraudulent accounts, issued more than 150 debit cards to shell companies, and unblocked debit…

Credit unions have given a commitment to their members that they are not increasing interest rates on the sector’s mortgage offering. It comes after the European Central Bank decided to hike its main lending rates in a move that will see tracker mortgage rates go up, with fears that variable and future fixed rates offered by banks and non-bank lenders will also rise.Credit unions have been offering mortgages for around a decade, but last year a number of them got together to offer a standardised product.The Capped Variable Rate Mortgage is now offered by 46 credit unions and is proving…