U.S. mortgage rates dropped from an eight-month high, after nearing 7 percent last week, as inflation slows ahead of next week’s Federal Reserve policy meeting. The Fed’s aggressive interest-rate hike policy sent mortgage rates well above 7 percent last year, causing the once booming housing market to crash. Rates have been slow to decline from the nearly two-decade high,…
US Mortgage Rates Fall in Biggest Decline Since March
July 21, 2023
admin
30-year mortgage ratesBusiness & Marketseconomic policieseconomyFederal Reservehome pricesinflationInvestmentMarketsreal estateUSUS NewsUS Real Estate
0 Comment
The Fed Is Raising Rates, but What About the $8.3 Trillion Balance Sheet?
July 21, 2023
admin
Analysisbalance sheetBusiness & Marketseconomic policieseconomyFederal ReserveinflationMarketsmoney supplyOpinionPolicies & ImpactsUSUS News
0 Comment
All financial eyes will be on next week’s policy meeting of the Federal Open Market Committee (FOMC). The futures market is penciling in a quarter-point increase to the benchmark federal funds rate. But while all the focus among economists, investors, and market analysts is on interest rates, what about the Federal Reserve’s massive balance sheet?…
ANALYSIS: The Fed Is Raising Rates, but What About the $8.3 Trillion Balance Sheet?
July 21, 2023
admin
Analysisbalance sheetBusiness & Marketseconomic policieseconomyFederal ReserveinflationMarketsmoney supplyOpinionPolicies & ImpactsUSUS News
0 Comment
News Analysis All financial eyes will be on next week’s policy meeting of the Federal Open Market Committee (FOMC). The futures market is penciling in a quarter-point increase to the benchmark federal funds rate. But while all the focus among economists, investors, and market analysts is on interest rates, what about the Federal Reserve’s massive…
NASDAQ Dips Over 2 Percent on Thursday for Worst Performance in Five Months
NASDAQ registered one of its worst daily performances in months on July 20 as the index got dragged down by the crashing stocks of Tesla and Netflix. On Thursday, NASDAQ declined by 295 points, or 2.05 percent, which is the biggest daily percentage decline since Feb. 21, when the index fell by 2.5 percent. The…
Bankruptcies Looming in US: Money Manager
More bankruptcies may be coming for American companies. Over $100 billion of U.S. corporate debt is trading at distressed levels—something rarely seen in the last decade. Tavi Costa, portfolio manager at Crescat Capital, discusses the issues he sees looming for U.S. firms. …
Wall Street Rises as Megacaps Rebound, Dow Set for 10th Day of Gains
Wall Street’s main indexes opened higher on Friday, setting the Dow on track for its tenth straight day of gains, while megacap growth and technology stocks recovered after sharp losses in the previous session. The Dow Jones Industrial Average rose 49.14 points, or 0.14 percent, at the open to 35,274.32. The S&P 500 opened higher…
Oil Edges Higher, Buoyed by Tighter Supplies, China Stimulus
LONDON—Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China. Brent futures were up 94 cents at $80.58 a barrel by 0955 GMT—rising as high as $1 earlier—while U.S. West Texas Intermediate (WTI) crude also climbed 94 cents to $76.59 a barrel. The supply deficit that had been…
Global Shares Subdued After US Tech Earnings Disappoint
July 21, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON, SYDNEY—Global stocks edged lower on Friday after disappointing tech earnings sapped risk appetite, while the dollar soared against the yen. The MSCI World index of global shares, which has risen more than 16 percent this year, dipped 0.3 percent. Europe’s STOXX 600 was flat and Germany’s tech-heavy Dax slipped 0.3 percent. Following steep post-earnings…
Eviction Notices Rise in Several US Cities
Eviction filings are rising in several American cities, according to recent data collected by the Princeton University Eviction Lab. Princeton’s Eviction Tracking System has been keeping track of eviction filings across the United States since 2000 when the lab started to publish its findings. The findings are based on (pdf) tens of millions of public records from state and county…
Google Testing New AI Tool That Can Write News Articles
July 20, 2023
admin
artificial intelligenceBardBusiness & MarketsCompanieseconomic policieseconomygenesisGoogleInvestmentMarketsMedia & Big Technews industrySocial MediaTechTech NewsTech Products & Reviews
0 Comment
Google is testing a new artificial intelligence tool that can write helpful news articles, in the latest sign that the technology may transform or potentially replace some white-collar professions. Google’s upcoming “Genesis” AI tool is being designed to act as a helpmate for journalists in the newsroom, anonymous sources told The New York Times in an exclusive July…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta