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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·13m 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·24m 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·28m 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·28m 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·29m ago
Fed updates 2027 FOMC schedule, removes October meeting

Former NVIDIA CEO Jensen Huang Agrees to Congressional Testimony

Brian Mast, Chair of the U.S. House Foreign Affairs Committee, stated on local time 12th that former NVIDIA CEO Jensen Huang has tentatively agreed to provide closed congressional testimony. Mast expects Huang to testify within one week, according to CNN. The testimony stems from ongoing
NVDA-5.28%
GateMacroTradfiHub·38m ago
Former NVIDIA CEO Jensen Huang Agrees to Congressional Testimony

Bitcoin Drops Below $73,000 as Fed Rate Outlook Shifts After October CPI

Bitcoin dropped below $73,000 in a 24-hour period that saw $723 million in crypto positions liquidated, with nearly 79% of losses coming from long bets. The decline followed October's US Consumer Price Index report showing 0.4% month-over-month inflation, exceeding the 0.3% forecast, and
BTC-0.67%
ETH-1.26%
XRP-1.15%
SOL-0.77%
CME+0.33%
GateMacroTradfiHub·45m ago
Bitcoin Drops Below $73,000 as Fed Rate Outlook Shifts After October CPI

Chailease China Profit Up 12% as Revenue Lags at -4% in Q3 2026

Chailease Holding (5871-TW) reported that its China credit portfolio reached RMB 51.2 billion at the end of the third quarter, up 2% quarter-over-quarter and accounting for 29% of the group's total credit portfolio. For the first three quarters, the China market delivered net profit of NT$6.256 bill
GateMacroTradfiHub·57m ago
Chailease China Profit Up 12% as Revenue Lags at -4% in Q3 2026