Author: Jordan

Most markets continued to rise in May, extending April’s bounce-back after March’s broad and deep selloff, based on a set of ETFs. The main exception among the major asset classes: commodities, which fell sharply, posting the first monthly decline this year. US stocks led the rally in May: Vanguard Total US Stock Market ETF (NYSE:) rose 5.2%, the fund’s strongest monthly gain in a year. Developed-market equities ex-US () posted a solid second-place performance, advancing 4.3% and marking a second-straight monthly increase. US bonds () edged higher for a second month. Inflation-indexed Treasuries (TIP) also moved higher again in May.…

Korea FSS Launches First Review of Social Finance Operations at Banks Regulation Asia Source link

Kensington Mortgages has introduced free valuations across its entire residential mortgage range while reducing rates across both residential and buy-to-let (BTL) products. The lender said the change extends its existing proposition of free valuations on buy-to-let mortgages to all residential products. In addition to free valuations, Kensington has reduced rates by up to 0.15% across its Residential Select range, including Heroes, Professional and Own New Rate Reducer products. Rates on Residential Select products now start from 5.59% for 2- and 5-year fixed rates at 75% loan-to-value (LTV). Kensington has also introduced new £1,999 fee products across its 5-year Residential Select…

At WealthTHINK Singapore 2026, one of the day’s most practical discussions focused on how private wealth firms are rethinking product access, investment selection and platform differentiation in a market where clients are more sophisticated, product shelves increasingly overlap, and speed of execution matters. Hosted by Andrew Hendry, CEO Asia and Senior Managing Director, Head of Asia Client Group at Janus Henderson Investors, the discussion brought together participants from private banks, external asset managers, digital wealth platforms and alternative investment specialists. The conversation ranged from open architecture and CIO-led selection to private markets access, securitisation and the still-developing role of…

While the bulk of homebuyers choose fixed-rate mortgages, there are cases where you might want to look closely at an adjustable-rate mortgage instead. For example, ARMs can be a smart option for folks buying a property to rent out or flip, or intending to move within a few years—meaning you’d move before the ARM’s introductory fixed-rate period ends and adjustments begin. Read on and we’ll explain how an ARM works, when you might want to consider an ARM over a fixed-rate loan, and look at current ARM rates from a few top lenders. You can see the previous business day’s…

A nascent megathrust: Imaging the Haida Gwaii thrustThe deep, east-dipping reflections that we interpret as underthrusting oceanic crust and sediment beneath the QCT, topped by a décollement, are the most important observation from the seismic imaging data (Figs. 2 to 6). The underthrusting material can be traced for ~26 to 30 km past the deformation front to just west of the interpreted QCF (extrapolated linearly to depth) and for ~180 km along strike (Figs. 2 to 6). The character of these reflections changes between profiles, from a high-amplitude series of reflections [QCF05 (Fig. 4) and QCF06 (Fig. 5)] to a…

EconomyBeijing warns of retaliation against ‘discriminatory practices’ of foreign firmsPolice officers stand guard outside the gate to Zhongnanhai, the Chinese leadership compound, in Beijing. China released new investment rules on June 1 aimed at safeguarding national security. © ReutersHONG KONG — China has unveiled new rules on outbound investment, tightening oversight of local companies and individuals investing overseas. Source link

Taylor Morrison Home Corporation (TMHC) and Berkshire Hathaway (BRK.B) Inc. (BRK.A) jointly announced that they have reached a definitive agreement for Berkshire Hathaway to acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8B and total enterprise value of approximately $8.5B. The acquisition price represents a 24% premium to Taylor Morrison’s latest closing price of $58.50 on May 29, 2026. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals.…

ModaMortgages is expanding its buy-to-let range with the launch of new limited edition two-year fixed rate products. Products start from 3.54% for single-dwelling properties and 3.64% for HMO and MUFB properties with up to six bedrooms or units. The launch comes days after the lender introduced a number of limited edition five-year fixed rates, with products for single-dwelling properties from 5.14% and HMO and MUFB properties from 5.24%. Products are available to individual and limited company landlords up to 80% LTV, with a choice of fee options and free valuations offered across the entire buy-to-let range. Roger Morris,…

The 1.1 acre portion of the Borel prperty at Fostoria Way and Camino Ramon that is owned by the Town of Danville and CCTA. (Image courtesy Town of Danville) As the park district and developers move forward with plans to redevelop the site of Danville’s last walnut orchard into housing and an agricultural park, the Danville Town Council held a discussion this week on what to do with a portion of the property that has been under the town’s ownership for decades. Years before the 17-acre site at the corner of Fostoria Way and Camino Ramon was left to the…