Yen

Markets React as Yen Carry Trade Returns Following Takaichi Remarks

ByAyesha Sadeeqa

On October 6, 2025, Japan’s financial markets experienced significant turbulence following the unexpected election of Sanae Takaichi as the leader of the ruling Liberal Democratic Party (LDP). Her victory, widely interpreted as a shift towards more aggressive fiscal policies reminiscent of former Prime Minister Shinzo Abe’s “Abenomics,” has reignited the yen carry trade, a strategy…

Shoes Retailer

Women’s Shoe Retailer Famous Footwear Confirms Shock Store Closures

ByAyesha Sadeeqa

We have just learned some startling news in the world of footwear. Famous Footwear, once a go-to women’s shoes retailer, has confirmed it will permanently shut down all of its brick-and-mortar stores. On top of that, the company says its online store will close at the end of 2025. This is a big deal for…

Mortgage

Mortgage Interest Rates in October 2025: Are More Hikes Ahead?

ByZehra Naz

As of October 7, 2025, the average U.S. 30-year fixed mortgage rate is 6.26%. This is a small rise from last week’s 6.3%. Even after the Federal Reserve cut rates in September 2025, mortgage rates went up. Rising Treasury yields and investor behavior are pushing rates higher. The Federal Reserve is cautious about cutting rates…