Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Waller said in a speech at a housing conference. But even as home and rental prices […]
Credit Suisse CS 0.19% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for […]
Steel and mining giant Severstal PAO said Citigroup Inc. has frozen interest payments to investors in the company’s bonds, setting up what would likely be the first debt default by a major Russian issuer since Moscow invaded Ukraine. Severstal said Wednesday that payment was frozen because of “regulatory investigations” and that it was committed to […]
The bond market’s most reliable gauge of the US economic outlook for the past half-century is hurtling toward inversion at a faster pace than it has in recent decades, raising fresh worries about the economy’s prospects as the Federal Reserve begins to consider aggressively hiking interest rates . The widely followed spread between 2-year TMUBMUSD02Y, […]
A brief wobble aside, the US stock market is taking Federal Reserve Chairman Jerome Powell’s decision to fully unleash the inflation-fighting side of his monetary policy persona in stride. That may be a surprise to some investors as Treasury yields soar and money-market participants price in an aggressive round of benchmark interest rate increases after […]
US stocks rose Tuesday, shaking off a wobble that followed remarks a day earlier by Federal Reserve Chairman Jerome Powell signaling that the central bank could deliver bigger interest rate increases at coming policy meetings in a bid to rein in inflation currently running at a 40 year high . What’s happening The Dow Jones […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust. Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will […]
US stocks closed higher Friday, with all three major indexes notching their best weekly performance since November 2020, as investors took the Federal Reserve’s interest rate hike and uncertainty over the Russia-Ukraine war in stride. Volatility in markets has become the norm this month as investors struggle to forecast economic growth and corporate profitability amid […]
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