[ad_1] WASHINGTON — (AP) — The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated.The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%.Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. The key barometer is the 10-year Treasury yield, which lenders use as a guide to pricing home loans.The 10-year Treasury yield was at 4.38% at midday Thursday,…
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[ad_1] Canadian companies and a major union said on Wednesday higher US tariffs on steel and aluminum could result in more job losses and lost sales, as Prime Minister Mark Carney said Canada is preparing reprisals.The US tariff hike on the two metals to 50% from the 25% rate introduced in March took effect at 12:01 a.m. (0401 GMT) on Wednesday.Canada is the largest seller of the metals to the US, exporting to its southern neighbor roughly twice as much aluminum as the rest of the top 10 exporters’ volumes combined.“So this is going to have a very quick impact,…
[ad_1] “We are reducing new metal, and secondly, we are reducing logistics — nobody has to come pick it up” in diesel-burning trucks, said Nishioka. Iulian Bobe joined Sun Metalon as chief strategy officer after co-founding a textile recycling company called Circ. He said steel and aluminum manufacturers are very eager to reduce their waste streams and their emissions; meanwhile, in Europe, decarbonization mandates drive demand. “They’re really trying to get to a situation where they have zero landfill,” Bobe said. “They’re looking for solutions that can be implemented in the factories. You really don’t want to haul all that waste to…
[ad_1] U.S. President Donald Trump’s doubling of tariffs on steel and aluminum from 25 percent to 50 percent officially went into effect on Wednesday. But experts say the tariffs will gum up Trump’s plans to rebuild American industry, complicate ongoing trade talks with overseas partners, and do nothing to tackle the structural problems that have plagued the steel industry globally for decades. The tariffs do have the advantage, from Trump’s point of view, of not only favoring domestic industries but also doing so using a more defensible legal tariff authority than the one that courts struck down last week. It’s…
[ad_1] Elite investor Jeffrey Gundlach is doubling down on the ‘”Sell America” trade.The DoubleLine Capital CEO, previously coined as the “King of Bonds,” raised concerns about dollar-denominated assets when speaking at the Bloomberg Global Credit Forum on Wednesday.At the core of his comments is growing concern over America’s swelling debt load, which is expected to get even bigger if President Donald Trump’s “Big Beautiful Bill” eventually passes.”There’s an awareness now that the long-term Treasury bond is not a legitimate flight-to-quality asset,” Gundlach said, warning that a “reckoning is coming.”He’s referring to recent volatility in long-dated government bonds, like 30-year Treasurys,…
[ad_1] Once touted as a nimble tool for channelling climate finance into carbon-saving projects, voluntary carbon markets (VCMs) now face growing scepticism about their credibility and environmental integrity. But according to the Climate Crisis Advisory Group (CCAG) and Professor Mark Maslin of UCL, reform, not rejection, is the path forward. And for environmental monitoring professionals, especially those developing and deploying instrumentation, this is a call to action.If you need to monitor sequestered carbon, head to our product directory to find hundreds of companies supplying environmental monitoring equipment.The role and risks of VCMsEach carbon credit sold in VCMs represents a tonne…
[ad_1] Highlights Substantial increase in share acquisition by GAMMA Commercial Metals active in the basic materials sector Based on recent SEC filing Commercial Metals operates within the basic materials sector, specifically focusing on steel and metal fabrication. The company is listed on the mining and is tracked under key indexes including the Mining Stocks. In the latest SEC filing, GAMMA LLC significantly expanded its holdings in Commercial Metals, showing notable activity in the equity market during the first quarter. Noteworthy Expansion in Equity Position A recent regulatory filing submitted to the Securities and Exchange Commission reported that…
[ad_1] By Somit Dasgupta The much-awaited targets for the reduction in emissions intensity under the carbon credit trading scheme (CCTS) was announced in April 2025. Readers would be aware that the detailed procedure for the scheme was made public in July 2024, and this scheme will eventually take over the ongoing Perform, Achieve and Trade (PAT) scheme. Of course, the parameter that would be monitored will change from the product’s energy consumed per unit to greenhouse gas (GHG) emitted per unit. The latest notification has given the base figure for GHG emissions (2023-24) and the corresponding targets for 2025-26 and…
[ad_1] On 6th June 2025, the RBI cut the repo rate by 50 basis points and the Cash Reserve Ratio (CRR) by 100 basis points. It was RBI’s third repo rate cut in successive Monetary Policy Committee (MPC) meetings since February 2025. The interest rate cuts are expected to bring down interest rates on personal loans and other loans.In this article, we will understand what the repo rate is, the repo rate cuts by the RBI, and how it will impact personal loan interest rates.Also Read | Personal loan vs line of credit: Key differences you must knowWhat is the…
[ad_1] Governments and businesses are investing heavily in carbon capture and storage (CCS) to meet climate goals and decarbonize heavy industries. With nearly $80 billion in investment expected to flow into the sector in the coming years, carbon capture is becoming a central part of global climate strategies. Reports say global CCS capacity might grow four times by 2030. This shows big advances in technology, funding, and teamwork across countries. Why Is CCS Gaining So Much Attention? Carbon capture and storage is a process that captures carbon dioxide (CO₂) from industrial and energy-related sources before it reaches the atmosphere. It…