Thunderstruck! US Pending Home Sales Index Slumps To Record Low -6.6% YoY As Mortgage Rates Ease And Purchase Applications Stall (30Y Mortgage Rate Still Up 156% Under Biden) – Confounded Interest – Anthony B. Sanders
The US housing and mortgage markets are thunderstruck by The Fed’s attempts at cooling inflation down to 2%. After a small bounce last month –...
Vans owner VF Corp lays off 500 employees in restructuring push By Reuters
[ad_1] © Reuters. A person walks by a Vans store, a brand owned by VF Corporation, in Manhattan, New York City, U.S., May 20, 2022....
“Unrealized Losses” on Securities Held by Banks Jump by 22% to $684 Billion in Q3, Oh Lordy
They don’t matter, until they suddenly do. By Wolf Richter for WOLF STREET. “Unrealized losses” on securities – mostly Treasury securities and government-guaranteed MBS – at FDIC-insured commercial...
Regulators Eye Citadel and Peers for Potential Market Instability By Quiver Quantitative
[ad_1] © Reuters. Regulators Eye Citadel and Peers for Potential Market Instability Quiver Quantitative – The hedge fund industry, led by multimanager giants like Citadel,...
The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs
By Pam Martens and Russ Martens: November 30, 2023 ~ The Office of Financial Research (OFR) is a unit of the U.S. Treasury Department. OFR was...
Marvell Technology Q3 results beat despite data center weakness By Investing.com
[ad_1] Investing.com – Marvell Technology reported Thursday better-than-expected third-quarter results despite weakness in its datacenter business. Marvell (NASDAQ:) was up 1.3% in afterhours trading following the...
Inflationary Expectations Do Not Cause Inflation
Many economists believe that inflationary expectations cause general increases in prices. For instance, if there is a sharp increase in oil prices, people will form...
Augur’s value dips slightly amid mixed cryptocurrency market trends By Investing.com
[ad_1] © Reuters In the dynamic world of cryptocurrencies, Augur, a prediction market platform, has experienced a slight decrease in value today, with its price...
MicroStrategy expands Bitcoin holdings with $593 million purchase, plans $750 million stock offering By Investing.com
[ad_1] © Reuters MicroStrategy Inc., the software analytics company, announced Thursday that it has bolstered its investments by purchasing an additional 16,130 bitcoins for approximately...
Gold heads for second straight monthly rise on Fed pause bets
An employee casts ingots of 99.99 percent pure gold at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia,...