A “For Sale” outside a house in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved a little bit higher last week, for the second
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government awarded billions of pounds of contracts involving Fujitsu on Rishi Sunak’s watch after the Japanese company’s software was found to be at fault in the Post Office scandal in a landmark 2019
The U.S. District Court’s interpretation gave more to Puerto Rico Electric Power Authority bondholders than legally allowed, the Puerto Rico Oversight Board told the First Circuit Court of Appeals. Not only are the bondholders wrong in claiming a lien on all revenues coming to PREPA but District Judge Laura Taylor Swain was wrong in awarding
A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared with the same mont a year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Post Office’s former chief executive Paula Vennells will hand back her CBE after the UK prime minister backed calls for a review into whether she should be stripped of her honour. Vennells said in
As KBRA enters its 14th year in the business, the rating agency is targeting increased market share, an expansion into new sectors and the expectation for continued growth in 2024. A robust track record, a team approach, and relying on cross-team verticals to provide a qualitative overlay and outside-the-box analysis led the fourth major rating
In this article MDLZ KHC NES.N-CH ULVR-GB Follow your favorite stocksCREATE FREE ACCOUNT A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Investors have cheered a new class of weight loss drugs for their ability to help people shed unwanted pounds, but the findings
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie
The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds — 2024 Series A, B and C — in a competitive auction next week. “Illinois enters the market as cash needs for projects arise,” said Olivia Kuncio, senior deputy press secretary to Gov. JB Pritzker. Rebuild
Shares in Boeing and supplier Spirit AeroSystems both tumbled on Monday as investors weighed the financial fallout from Friday’s mid-flight accident on an Alaska Airlines aircraft. US investigators announced on Sunday that they had located the door that blew out of the Boeing 737 Max during the flight. The incident prompted an emergency landing and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal investigators in the US have launched a probe into how a section of a new Boeing 737 Max blew out mid-flight, as airlines in Turkey and Panama grounded their planes for inspection. The withdrawals
In this article MU BKNG NKE Follow your favorite stocksCREATE FREE ACCOUNT Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters The U.S. stock market started 2024 on a dismal note, but investors will need to look past the short-term uncertainty. Rather than worrying about
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A G20-led push to speed up international payments risks enabling financial crime and hindering the enforcement of sanctions against Russia and other states, industry experts have warned. The plans to make digital payment systems more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Companies faced a record number of attacks from activist investors in 2023 as disgruntled shareholders sought to oust directors or force the sales of businesses whose share prices had languished. There were 252 new campaigns
Dobrila Vignjevic | E+ | Getty Images Company: Nihon Kohden Company: Nihon Kohden (6849.T-JP) Business: Nihon Kohden is a Japan-based company engaged in the research, development, manufacture and sale of medical electronic equipment, as well as the provision of maintenance and repair services. The company offers a wide array of devices to aid with
Municipals were mixed ahead of a new-issue calendar that rebounds to more than $9 billion. U.S. Treasury yields rose further Friday as the December jobs report cast doubt on whether the Fed would start cutting rates in March. Equities were up near the close. There was already “significant upward pressure” on Treasury yields in recent
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York attorney general on Friday asked a
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