A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage application volume decreased 5.1% from
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Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go. Private investors have been walking away from startup deals lately, looking to conserve working capital in uncertain economic times. But fortuitously, governments and government-like entities have been rushing in to fill the gaps. Richard
Buyers and sellers back in battle. The USDCAD based near its 100 hour MA on Friday (dipped below it after the jobs report), and quickly reversed higher. The run to the upside moved above a swing area at 1.3369 – 1.33766 on its way to a high just below the 1.3400 level (the high reached
US’ household expectations regarding their employment prospects and their year-ahead financial situation slightly deteriorated in July after two months of gradual improvement, the Federal Reserve Bank of New York noted in its latest Survey of Consumer Expectations. Key takeaways “Median inflation expectations increased at the one-year horizon from 2.7% in June to 2.9% in July.”
South gets a handle on the virus 4247 cases vs 6254 yesterday Median age 40 vs 42 Tests 58K vs 85K yesterday Positivity 8.6% vs 8.47% yesterday 91 new deaths Hospitalizations up 76 in past 24 hours Positivity: There’s a clear and consistent trend lower in new cases and positivity now. You would like to
Kolkata: As tea prices soar in India owing to lower output this year, packet tea players and tea traders are considering importing teas from Kenya and Vietnam, where tea prices have crashed due to overproduction. The Federation of All India Tea Traders Association (FAITTA) said importing teas will be a one-time affair and that it
Markets continue to tread water today with little movements. European indices are fluctuating in tight range between gain and loss. US futures point to mildly higher open. In the currency markets, most major pairs and crosses are stuck in side Friday’s range. Swiss franc is currently weakest, followed by Euro and Aussie. Canadian is the
Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, January 3, 2020. Ann Saphir | Reuters Cleveland Federal President Loretta Mester called Wednesday for more help from Congress and said the central bank stands at the ready to provide
This photo taken on January 11, 2018 shows a woman walking past Marriott signage in Hangzhou in China’s Zhejiang province. – | AFP | Getty Images Hotel operator Marriott International on Monday reported its first quarterly loss in nearly nine years, as extended travel disruption due to the Covid-19 pandemic hammered bookings. The company’s loss
Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million
Dow industrial average is still negative The S&P and NASDAQ index have turned back positive. The S&P is up 0.03% the 3350.34. The NASDAQ index is up 0.15% at 11124.83. The S&P index has been up for 5 consecutive days. The NASDAQ index has been up for 7 consecutive days. The S&P index reached a new high going back
Global stock markets are now worth more than 100% of the world’s gross domestic product (GDP) for the first time since 2018, a sign of overstretched valuations, according to the Buffet indicator. Stock markets are considered to be overvalued when the Buffet indicator – the ratio of stock market capitalization to GDP – rises above
Chinese financial regulators took control of Baoshang in May 2019 due to serious credit risks The PBOC will now let it go into liquidation, the first such insolvency since 2001. PBOC says the bank is permitted to file for bankruptcy and liquidate any remaining assets The PBOC has allowed 2 other banks to to take
NEW DELHI: Commodities block was a mixed bag on Friday with bullion counters trading with gains while energy and base metals in the red amid escalating tensions between US and China. Gold was flat while silver gained 0.31 per cent. Base metals dropped up to a per cent. Meanwhile, crude oil dipped 0.44 per cent
As suggested in the CFTC Commitments of Traders report in the week ended August 4, NET SHORT for USD Index futures decreased -252 to 6 475 contracts. Bets fell on both sides as the greenback is still finding bottom after losing almost -10% against a basket of currencies since March. Speculative long positions dropped -2