The Asian Development Bank has cut its growth forecast for China due to concerns over the country’s zero-Covid approach and strict lockdowns, which put even more pressure on the real estate sector. Gross domestic product growth for the world’s second largest economy is expected to be at 4% in 2022, down from an earlier estimate
Charles Schwab is in late-stage talks to buy TD Ameritrade in a deal that could change the course of the entire sector. SCHW: https://www.zacks.com/stock/quote/SCHW?cid=CS-YOUTUBE-FT-VID TD Ameritrade: https://www.zacks.com/stock/quote/AMTD?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Municipals were steady to firmer in spots in lighter secondary trading amid an active primary while U.S. Treasuries were range-bound and equities were in the black. Muni to UST ratios were at 62% in five years, 80% in 10 years and 95% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services
Liz Truss will go head-to-head with Rishi Sunak in the race to become Britain’s next prime minister as the bookmakers and opinion polls put the foreign secretary as the favourite to succeed Boris Johnson. After five bruising rounds of voting by Tory MPs, Truss and Sunak will battle it out over the summer for the
Municipal bond fund flows have a direct impact on borrowing decisions made by issuers held in the fund, argues an academic paper presented Tuesday at Brookings Municipal Finance Conference that sheds light on the little-studied question. But the relationship may appear less clear in the real-world experiences of some market participants. The impact, if any,
In this article GS IBM BA IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. IBM – Shares of IBM slipped 5.25% after the tech company
Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto rise as dollar weakens Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA). The Wall Street open saw further gains for
The Eastern end of Long Island, better known as The Hamptons is a coveted enclave with coastal and country homes, mansions, and estates. It’s a great place to live, vacation, and most importantly, shop. Fortunately, there’s no shortage of great places to furnish and decorate these incredible dwellings. Here are some of the best places
Chinese real estate developers, including highly indebted Evergrande, have operated a business that relied on selling apartments before they were completed. Pictured here is an Evergrande development in Beijing on Jan. 6, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate market desperately needs a boost in confidence, analysts said, after reports
Discussing what will drive the company forward in the coming months. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Municipals were steady to weaker in spots Tuesday as the $800-million-plus general obligation bond deal from the state of Washington took focus in the primary. U.S. Treasuries were weaker and equities rallied. Triple-A yields rose a basis point while UST saw yields rise again, as much as five to six, with larger losses on the
Bank of England governor Andrew Bailey has raised the possibility of increasing interest rates by half a percentage point in early August as he toughened the central bank’s language on battling rising prices. Bailey said the central bank’s Monetary Policy Committee had an “absolute priority” to bring inflation back down to its 2 per cent
Municipals were little changed Monday as investors awaited a larger new-issue calendar that kicks off with $800 million-plus Washington general obligation bonds in the competitive market Tuesday. Munis ignored the moves to higher yields in U.S. Treasuries while equities were down. Triple-A yields were steady while USTs moved three to eight basis points higher. Muni
Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol. According to the statement on Tuesday, Aave will use Pocket’s distributed network of more than 44,000 nodes to access
A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs – The bank stock jumped 3% after the company posted
Anyone who bought a home – or tried to – over the past couple of years knows that it was rip-roaringly competitive, with bidding wars and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during the pandemic: foreign buyers with mega millions. But now foreign real
Renting an apartment for the first time is an exciting step into adulthood but it’s a big commitment financially so you want to make sure you do your homework and make a choice that’s right for you — and your budget. First, you have to time it right when you’re looking at apartments — you
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The nearly $1 trillion of federal pandemic aid that flowed to state and local governments over the last two years helped stave off massive job losses but public sector job recovery has been slow and remains anemic compared to other sectors. That’s according to a paper on the effectiveness of federal pandemic relief presented Monday
SoftBank has put on hold plans for a London initial public offering of Arm because of the political turmoil in the UK government, throwing doubt on Britain’s place as the future home of the Cambridge-based tech giant. UK prime minister Boris Johnson has personally lobbied SoftBank’s billionaire founder Masayoshi Son to secure at least a
Rising inflation and falling stock prices are getting ready to take a big bite out of the Big Apple’s economic recovery. According to a report released this week by New York City Comptroller Brad Lander, June’s personal income tax data are showing the effects the sagging stock market and volatile bond market are having on
A South African regional court recently ruled to release former Monero lead maintainer, Riccardo Spagni, from custody. The ruling came just a few days after his arrest by local law enforcement agents, a report has said. Prior to his release, Spagni aka Fluffypony told the court he had returned to South Africa voluntarily and that
In this article LEVI PANW S CFG Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. Lucas Jackson | Reuters More than two weeks into the third quarter, the economic environment and near-term outlook continue to
In this article M00-FF BLK RIO-GB UNH PINS WFC Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance
Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC/USD is showing some much needed strength prior to the July 18 Wall Street open. Last
Some 80 years ago, a group of concerned citizens banded together to form a coalition whose sole purpose was to protect their little town of Cherry Hills Village from encroaching commercialization. The area’s pastoral beauty with wide-open fields sprinkled with patches of cottonwoods and placid bodies of water had attracted the attention of Denver residents
The three most important things in real estate: location, location, location. And the U.S. real estate market is in a weird place right now. Mortgage rates are nearly double what they were a year ago, reflecting the Federal Reserve’s campaign to rein in inflation. But they have also been volatile, including some sharp declines from
When I break things down, I usually like to look at things in terms of what is being said, what does it mean, and what does it mean to me. I heard that the market was always right in my early years of training but I never understood what the premise behind the phrase really
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