Text size Homebuyers are still concerned about high mortgage rates. Micah Green/Bloomberg Mortgage rates fell for the third consecutive week. The retreat has prompted optimism for the housing market—but it may be too soon to say how it will translate for the normally busy spring season. The average rate on …
Read More »Asian Markets Swing As Traders Weigh Growth Outlook
Oil prices edged up as traders weigh the possibility of a recession against the outlook for demand from China Michael HEIMAN Text size Asian markets fluctuated Wednesday as traders in several countries returned from the Lunar New Year break to a soft lead out of Wall Street with recession fears …
Read More »Twitter Sued Over ‘Unpaid Rent’ On London Office
The Crown Estate, which manages a portfolio of land and property belonging to the British monarchy, is suing Twitter for unpaid rent OLIVIER DOULIERY Text size Twitter’s British landlord said Tuesday it is taking the social media to court for not paying rent on its central London offices. The Crown …
Read More »Asian Markets Track Wall St Rally
Japanese stocks led gains across Asia, jumping for a third straight day Kazuhiro NOGI Text size Tokyo led gains across Asian markets again Tuesday in another day thinned by the Lunar New Year break, with sentiment boosted once more by a surge on Wall Street. Tech firms provided the support …
Read More »The Fed Says It Won’t Cut Rates in 2023. Markets Disagree. Who’s Right?
Text size The Marriner S. Eccles Federal Reserve Board Building in Washington, DC. Kevin Dietsch/Getty Images About the author: Christopher Smart is chief global strategist and head of the Barings Investment Institute, and is a former senior economic policy official at the U.S. Treasury and the White House. The U.S. Federal Reserve …
Read More »Jury Hears Musk Told ‘Lies’ That Cost Tesla Investors Millions
Elon Musk’s attorney Alex Spiro told jurors at his fraud trial that Musk was sincere about taking Tesla private for $420 a share despite expressing that poorly in ‘rushed, reckless tweets’ at issue in court JUSTIN SULLIVAN Text size ADDS lead plaintiff testimony A lawyer for angry Tesla investors told …
Read More »How to Invest in a World on the Brink of Chaos
Text size Former Federal Reserve Chair Paul Volcker titled his memoir ‘Keeping At It. His successor, Jerome Powell, has adopted the phrase, Christian H. Cooper writes. Alex Wong/Getty Images About the author: Christian H. Cooper is the portfolio manager at Subversive Capital Advisors, a former term member and the Council …
Read More »Homebuyers Are Still Sitting on the Sidelines Even as Mortgage Rates Dip
Text size The volume of mortgage applications is well below year-ago levels. Frederic J. Brown/AFP via Getty Images The volume of mortgage applications remain well below year-ago levels, while one industry giant has announced plans to shrink its mortgage business. Mortgage applications increased 1.2% last week, according to weekly Mortgage …
Read More »Taylor Hackford and Helen Mirren Selling Their Los Angeles Home for $17 Million
Academy Award-winning Hollywood couple Taylor Hackford and Helen Mirren are selling a Los Angeles home for just under $17 million. MARC ANGELES/UNLIMITED STYLE PHOTOGRAPHY; GETTY IMAGES Text size Academy Award-winning Hollywood couple Taylor Hackford and Helen Mirren are selling a longtime Los Angeles home for just under $17 million. The …
Read More »Impact of Geopolitical Tumult on Businesses to Continue in 2023, Say Risk Experts
Risk experts predict businesses could face another year of tumult as the U.S. and international powers jockey for position in a new era of geopolitical shifts. The previous year brought Europe’s largest armed conflict since World War II and broad complications to business in Russia, as well as public displays …
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