Nothing stays the same forever on Wall Street. Today's hot sector is tomorrow's sector to avoid and vice versa. In April 2020, oil prices were essentially below zero, and today oil is priced at $87.65. One year ago, nobody wanted tech stocks, but the advent of artificial intelligence (AI) changed that in a hurry. Investors who have watched the huge declines in real estate investment trusts (REITs) since the beginning of 2022 can take heart in knowing that as economic or political cycles change,
nottingham. there s a warning that people seeking to re mortgage could end up paying nearly £3,000 more a year. the think tank, resolution foundation predicts the typical two year fixed rate deal will hit 6.25% later this year. the bank of england is expected to raise interest rates again next week. the government is delaying its planned ban on two for one junk food deals for another two years, due to the cost of living crisis. the policy, which is part of the anti obesity strategy, had already been delayed until later this year it s now been pushed back to october 2025. junior doctors across england will end their three day strike at 7 o clock this morning. members of the british medical association have staged the walkout over pay, after asking for a 35% increase. talks between the union and the government broke down in may. the government said its offer of 5% was fair and reasonable . russia s president vladimir putin has confirmed his country has deployed nuclear weapons to bel
and then take his vans and drive into three pedestrians, one of whom was critically injured. an update on that man is that he is now stable. police have said that valdo calocane was a recent graduate from the university of nottingham, studying mechanical engineering and last night, the nottinghamshire force said this marks a significant development in this case. the chief saying this is a terrible incident. the shocks resonating already. this morning in nearby to hear a living flowers and pay tributes to pay their respects. flowers and pay tributes to pay their restects. .. , ,, . . , , , their respects. kathryn stanczyshyn, thank ou. there s a warning that people seeking to re mortgage could end up paying nearly 3,000 pounds more a year. the think tank, the resolution foundation, predicts the typical two year fixed
hit by these missiles. we will leave it there. abdujalil hit by these missiles. we will leave it there. abdujalil abdurasulov, - it there. abdujalil abdurasulov, thanks forjoining us, abdujalil. mortgage costs are rising, after higher than expected inflation figures this week. the big question now is how much interest rates might go. there are expectations the bank of england will lift them higher than previously thought, in an effort to slow the rate of inflation. our business correspondent, marc ashdown, is here. nationwide is britain s biggest building society and a major mortgage lender. from today, its rates are going up for new borrowers and those looking to re mortgage. things are going to get more expensive. they are not the only ones. other big lenders, like halifax, lloyds and santander, have also put their rates up. the average deal for a two year fixed rate mortgage is now 5.35%. for a longerfive year deal, it s 5.02%. analysts say the market has settled down since the mi
it s stoked concern that the bank of england will have to continue to raise interest rates for longer to try to reduce inflation. our business correspondent, marc ashdown, is here. nationwide is among lots of mortgage lenders who are putting their rates up. for new borrowers and those looking to re mortgage, the average deal on the market for a two year fixed rate mortgage is now 5.35%. for a longerfive year deal it s 5.02%. that s bad news for anyone looking for a mortgage deal, like self employed blacksmith ian in dorset. it looks as though our repayments are going to be an additional £400 £500 each month. this is particularly unwelcome news after a very difficult winter, with food, fuel price increases. the main driving factor here is the inflation rate. that s how fast prices are rising.