30-Year Mortgage Rate Hits 7.40% After Seventh Straight Weekly Rise
Freddie Mac data shows the average 30-year fixed mortgage rate climbed to 7.40% on October 8, 2026, up 1.1 points from a year ago, as existing home sales and refinancing both slow.
India’s Manufacturing Startups See Funding Jump to $1.92 Billion
India’s manufacturing startup funding has rocketed from $164 million in 2020 to $1.92 billion in 2026 as supply-chain shifts and tariffs reshape global sourcing.
Denmark’s Inflation Climbs to 2.2%, a One-Year High
Danish consumer prices rose 2.2% year-on-year in September, up from 2.0% in August, as energy costs pushed inflation to its highest level in a year.
Wall Street Braces for CPI, Fed Meeting and Bank Earnings
The S&P 500’s 14% rally faces a test this week as September CPI, bank earnings and a Fed decision loom, while gold climbs to $4,221.80 on rate-hike bets.
Tariffs Blamed for Factory Job Losses as Workers Shift Political Stance
A Michigan clockmaker’s closure and nearly 200 layoffs illustrate how tariff-driven job losses are reshaping voter sentiment ahead of the US midterms.
Trump Tariffs Hit 10-12.5% on 60 Economies Ahead of Vote
US tariffs on 60 economies now sit between 10% and 12.5%, with a growing share of Americans saying the policy has gone too far ahead of November’s midterms.
Seattle’s Grocery Pricing Ban Sparks Cost Debate
Seattle passed a first-in-the-nation ban on personalized grocery discounts, with supporters citing fairness and retailers warning of higher shelf prices.
RBI’s 25bps Rate Hike to 5.5% Ripples Into Home Loans
India’s central bank raised rates for the first time in four years, and lenders like PNB Housing Finance expect margin gains that could trickle into cheaper loans.
Trump-Putin Diesel Deal Pauses Sanctions, Boosts Supply
The US has authorized Russian diesel supplies worth millions of tons through April 2027, weeks after signing a law allowing 100% tariffs on Russian energy buyers.
US Consumer Mood Sinks as Mortgage Rates Hit 7.49%
Consumer sentiment falls for a third month, mortgage rates reach near three-year highs, and French bond yields spike as cracks widen across the global economy.