Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Fed is willing to wait before cutting interest rates. The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, … Read more
While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are focusing on new construction. The reason? New homes have more incentives and availability than previously owned ones. “There’s more opportunity in new construction,” said Nicole Bachaud, a senior economist at Zillow Group. About 693,000 new … Read more
Foreign Portfolio Investors (FIIs) could end-up as net sellers of Indian equities in April breaking their two months of buying activity. In April so far, thay have sold local stocks worth Rs 6,304 crore. In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs … Read more
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good. In the … Read more
John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe’s co-founder says it was needed. “Broadly speaking, the effects of higher rates have been quite good,” John Collison, president of the online payments company, told CNBC … Read more
Signage shines through a window reflecting Barclays head office in Canary Wharf, London, U.K. Bloomberg | Getty Images LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit … Read more
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report,” on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty Images With the economy humming along and the stock market, despite some recent twists and … Read more
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, but the “big worry” for investors is … Read more
The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.” Last month, the federal government started consulting … Read more
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been … Read more
