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U.S. 30-Year Fixed-Rate Mortgage Drops to Lowest Level Since May 2023

The average 30-year fixed-rate mortgage fell to 6.46%, its lowest since May 2023. Rates are still not low enough to significantly boost housing market demand. Existing...

Amazon Must Answer Antitrust Allegations as D.C. Court Overturns Dismissal

NY, August 22, 2024 (FFN) - In a significant legal development, the District of Columbia Court of Appeals has revived the antitrust lawsuit against...

Paramount Takeover Battle: Bronfman Raises Bid to $6 Billion

Edgar Bronfman increases his bid for Paramount Global to $6 billion. The offer directly challenges David Ellison's Skydance Media proposal. Paramount shares rise by over 2.4%...

Canada’s Rail Shutdown: A North American Crisis in the Making

Montreal, August 22, 2024 (FFN)-  Canada is facing a major transportation crisis as a nationwide rail shutdown threatens to bring the country’s supply chain...

Rising Costs for Slovakia and Hungary as They Continue Russian Oil Imports Despite Sanctions

Slovakia and Hungary to continue importing Russian oil from Lukoil despite Ukrainian sanctions. The new contract will increase costs by approximately $1.50 per barrel due...

Significant Drop in German Grain Harvest Due to Persistent Rain

Harvest Decline: Germany's grain production fell to 39.3 million tons in 2024, down from 42 million tons in 2023, according to Deutscher Bauernverband (DBV). Impact...

China and Russia to Strengthen Cooperation in the Energy Sector

Enhanced Collaboration: China and Russia have agreed to strengthen cooperation in oil and mineral exploration, extraction, processing, and transportation. Nuclear Partnership: The two nations will...

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