Santander reveals failed home sales are costing the UK economy £1.5 billion - how to fix the housing market

The Bank of England's Monetary Policy Committee is anticipated to maintain current interest rates despite signs of a weakening UK economy. This decision comes as inflation remains a concern, indicating that the committee is prioritizing economic stability over immediate rate cuts. Understanding this balance is crucial for businesses and consumers alike, as it affects borrowing costs and overall economic growth.

Banco Santander's online bank Openbank has launched cryptocurrency trading for retail clients, expanding access to digital assets.

Editor’s Note: This move by a major European bank signifies a growing acceptance of cryptocurrencies in mainstream finance, potentially attracting more retail investors to the market.

Jim Cramer shares key insights on stocks to watch as the TikTok deal progresses, offering valuable advice for potential buyers.

Editor’s Note: This matters because TikTok's influence on the stock market is growing, and Cramer's insights could help investors make informed decisions during this pivotal time.

India's liquefied natural gas demand is projected to decline in 2025 as buyers anticipate a surge in supply that could lower prices.

Editor’s Note: This decline in demand is significant as it marks the first contraction in years, reflecting changing market dynamics and buyer strategies in anticipation of better pricing.

In August, home prices in New Zealand saw a decline, reflecting a cautious attitude among buyers in the market.

Editor’s Note: This trend is significant as it indicates potential challenges in the housing market, affecting both buyers and sellers. Understanding these dynamics can help stakeholders make informed decisions.

The article discusses the growing trend of buyers preferring turnkey businesses that are already for sale. It highlights the advantages of such purchases, including reduced risk and immediate operational capability.

Editor’s Note: This matters because understanding buyer preferences can help sellers position their businesses more effectively. As the market evolves, recognizing these trends can lead to better sales strategies and increased success for entrepreneurs.

Average house asking prices in the U.K. increased in September for the first time in four months, although they remain lower than last year due to summer price cuts by sellers.

Editor’s Note: This rise in asking prices is significant as it indicates a potential recovery in the housing market after a period of decline. It reflects sellers' confidence and could influence future market trends.

Singapore's new home sales reached a nine-month high in August, reflecting a strong resurgence in demand as many new projects were launched.

Editor’s Note: This surge in home sales is significant as it indicates a recovering real estate market in Singapore, which can have positive implications for the economy and construction sector.

The recent Federal Reserve rate cut is set to have a positive impact on various aspects of personal finance. Borrowers may find lower interest rates on loans, making it cheaper to finance purchases or consolidate debt. For those looking to buy or sell homes, the housing market could see increased activity as mortgage rates decline. Additionally, retirees and investors in the stock market might benefit from improved economic conditions, leading to better returns. Overall, this rate cut could stimulate economic growth and enhance financial well-being for many.

Daniel Katz, a key aide to Bessent, is anticipated to be appointed as the second-in-command at the International Monetary Fund (IMF). This move is significant as it reflects the IMF's commitment to strong leadership during challenging economic times, and Katz's expertise could play a crucial role in shaping global financial policies.

The Federal Reserve's recent decision on interest rates has significant implications for loans, credit cards, and mortgages. By maintaining or adjusting rates, the Fed influences borrowing costs for consumers and businesses alike. This decision matters because it affects how much individuals pay for loans and credit, impacting their financial health and spending habits. Understanding these changes can help people make informed decisions about their finances.

A recent Senate report reveals that KPMG overlooked significant flaws at regional banks prior to the 2023 crisis, raising serious concerns about the auditing industry's practices. Senator Richard Blumenthal emphasizes the urgent need for reform in the auditing sector to prevent future financial disasters. KPMG has dismissed the report as 'misguided,' but the findings highlight the critical role of effective auditing in maintaining financial stability.

The Unite union has reported that staff at JLR are facing layoffs with reduced or zero pay due to a cyber attack that has led to a shutdown of operations. This situation is concerning as it highlights the vulnerabilities in supply chains and the impact of cyber threats on employment. The call for affected workers to apply for universal credit underscores the urgent need for support during this challenging time.

The recent Federal Reserve meeting highlighted the complex dynamics between former President Trump and current Fed Chair Jerome Powell. As Trump has often criticized Powell's policies, this meeting serves as a significant moment for both figures, reflecting the ongoing tension between political influence and economic decision-making. Understanding these interactions is crucial as they can impact market stability and economic growth.