LOS ANGELES — The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by […]
The investment chief at one of the world’s top hedge funds has warned the US battle with inflation is far from over, and bets on a rapid series of interest rate cuts from the Federal […]
Wall Street equities rose as traders assessed data showing China’s economy on the cusp of deflation and prepared for US inflation numbers that will feed into the Federal Reserve’s interest rate decision in late July. […]
Property billionaire Jeff Greene has sounded the alarm on commercial real estate. Offices will be hit hard if recession strikes and AI eliminates some white-collar jobs, he said. Greene pocketed about $800 million by predicting […]
(Bloomberg) — The UK is less of an outlier in terms of its inflation rate than recent data and analysis would suggest, according to Panmure Gordon. While both headline and core inflation remain higher than […]
It was only on Tuesday that in an otherwise upbeat assessment of the UK economy, the International Monetary Fund warned of “premature celebration” of sharp falls in the main rate of inflation. There are two […]
The U.S. has approved more than $42 billion in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of a program aimed at getting more people to […]
As China’s consumer price index (CPI) approached zero growth in April, the numbers stood in sharp contrast to those of the United States, where inflation remained at a relatively high level of 4.9 per cent and […]
THERE’S a silver lining to the pullback in US commercial real estate and tighter construction lending – it should act as a boon in the long term, according to Blackstone’s Jonathan Gray. While vacancy rates of […]
Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold of the US$2,000 price support in a sell off across all […]
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