US Mortgage Rate

US Mortgage Rate Falls to 13-Month Low, Boosting Homebuyer Optimism

The US mortgage rate has just hit a notable milestone. The average contract rate on a 30-year fixed mortgage declined to 6.30% in the week ended October 24, 2025. This marks the lowest level in 13 months. We’re seeing momentum shift in borrowing-cost dynamics as inflation data and bond yields weaken. This drop matters because…

Westpac Faces Backlash After Cutting 134 Jobs Ahead of Christmas in Digital Push

Westpac Faces Backlash After Cutting 134 Jobs Ahead of Christmas in Digital Push

The recent job-cut announcement by Westpac Banking Corporation (WBC) has stirred investor and public scrutiny as the bank pivots more aggressively toward digital-first banking. On 29 October 2025, Westpac announced it would slash 134 teller and personal banker roles across 99 branches as part of its broader “digital-retail” transformation.  This move comes less than two…

Tokyo Auto Show 2025 Electric Cars Shine, but U.S. Tariff Tensions Persist

Tokyo Auto Show 2025: Electric Cars Shine, but U.S. Tariff Tensions Persist

Introduction The Tokyo Auto Show 2025 (also branded as the Japan Mobility Show 2025) opened on October 30, 2025 in Tokyo and is running through November 9 at the Tokyo Big Sight exhibition space. This year’s key theme: electrification and futuristic mobility solutions ranging from new EVs and micro-mobility devices to robotics and flying taxi…

Fed Cut Rates

Fed Cut Rates for Second Time in 2025, Markets React to Smaller-Than-Hoped Move

We’ve seen the Federal Reserve make a major move. On 29 October 2025, the Fed cut its benchmark interest rate by 0.25 percentage points, lowering the range to 3.75%‑4.00%. This marks the second rate cut of the year and comes amid mounting unease over the job market and inflation.Investors had hoped for a larger cut. So the question now:…

Meta Shares
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Meta Shares Drop 9% Despite Strong Earnings Beat and Rising Revenue

Meta stunned markets on earnings day. The company reported record revenue, yet Meta Shares tumbled about 8% to 9% after hours. The reason was not top-line weakness; it was a nearly $16 billion one-time, non-cash tax charge and a sharp push toward higher AI spending. Investors cheered the sales numbers, then sold on the profit…