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US 30-Year Mortgage Rate Falls to 7.11%, Marking Fourth Weekly Decline

The average rate on a 30-year fixed mortgage in the US fell to 7.11% from 7.18% a week earlier, marking a fourth consecutive weekly decline and the lowest level in seven weeks, according to a Nov. 12 report by Walter Bloomberg. The 15-year fixed mortgage rate also declined to 6.45% from 6.57%.
Bloomingbit·54m ago
US 30-Year Mortgage Rate Falls to 7.11%, Marking Fourth Weekly Decline

Chicago Fed's Goolsbee Says Fed Failing Price Stability Mandate

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, stated on November 12 that the Federal Reserve is failing to meet its policy goal of price stability. Walter Bloomberg reported Goolsbee's remarks, in which he said the central bank "is not fulfilling its mandate on the price stabili
Bloomingbit·1h ago
Chicago Fed's Goolsbee Says Fed Failing Price Stability Mandate

SMIC Reports Q3 2026 Revenue of $3.19 Billion and 29.9% Gross Margin

Semiconductor Manufacturing International Corporation (SMIC) released unaudited results for the three months ended September 30, 2026, on November 12, 2026. Revenue was $3,190.0 million in 3Q26, up from $3,005.6 million in 2Q26 and $2,381.8 million in 3Q25, and gross profit reached $953.2 million, w
SMIC-0.53%
GateGlobalTech·1h ago
SMIC Reports Q3 2026 Revenue of $3.19 Billion and 29.9% Gross Margin

Combined Assets of Two Vietnamese Female Billionaires Reach 111 Trillion

According to Forbes Real-Time Billionaires, as of November 12, 2026, the two female billionaires Nguyễn Thị Phương Thảo and Phạm Thu Hương each have a net worth of $4.3 billion (approximately VND 111 trillion). This is a remarkable coincidence between Vietnam’s two richest female billionaires, according to Forbes’ calculations. Beyond the enormous fortunes managed through major business groups, the two businesswomen also share intriguing similarities in their entrepreneurial journeys and interna
GateVietnamFinance·1h ago
Combined Assets of Two Vietnamese Female Billionaires Reach 111 Trillion

Fed updates 2027 FOMC schedule, removes October meeting

The U.S. Federal Reserve Board (FRB) announced on the 12th that it had updated the 2027 FOMC schedule, planning seven meetings on January 26-27, March 16-17, April 27-28, June 8-9, July 27-28, September 14-15, and December 7-8, while removing the October meeting. FRB Updates 2027 FOMC Schedule The U.S. Federal Reserve Board (FRB) has changed the schedule for the Federal Open Market Committee (FOMC) meetings in 2027. The revised FOMC schedule removes the October meeting from the previous plan. Sc
Gate日本宏观与央行·1h ago
Fed updates 2027 FOMC schedule, removes October meeting