The recent drop in mortgage rates to the lowest level since March has sparked a surge in demand for refinancing. According to the Mortgage Bankers Association, applications to refinance a home loan jumped by 15% last week compared to the previous week. This increase in demand pushed refinancing activity to its highest level since August
Political tensions have a significant impact on currency movements in the Asian region. The recent statement made by U.S. Republican presidential candidate Donald Trump, suggesting that Taiwan should pay the U.S. for defense supplies, resulted in the lagging of the Taiwan dollar and the Chinese yuan against the dollar. Trump’s negative rhetoric against Beijing and
The Chief Executive Officer of BlackRock, Larry Fink, recently highlighted the major opportunities in private infrastructure investment. He emphasized the growing demand for capital and infrastructure, particularly in financing data centers for artificial intelligence and the energy transition. Fink mentioned that private capital will play a crucial role in meeting these infrastructure needs, either independently
Housing affordability is about average in The First State, but your Delaware housing dollar gets a big boost from very low property taxes. Delaware homeowners paid an effective tax rate of less than half a percent, according to real estate data firm ATTOM. That is the fourth-lowest in the country. The state has an Economy
Phoenix is making a return to the municipal market after a 12-year hiatus with its first new money General Obligation bond issue. Kathleen Gitkin, the city’s chief financial officer, expressed high expectations for the $238.8 million tax-exempt and taxable deal set to price through a Piper Sandler-led underwriting team. The city plans to become a
The U.S. dollar has experienced fluctuations in early European trade, with the Dollar Index showing a 0.1% increase to 103.952 after reaching one-month lows. The recent Republican National Convention has heightened the expectations of former President Donald Trump returning to the White House, following an assassination attempt in Pennsylvania. The anticipation of a potential Trump
Morgan Stanley recently reported its second-quarter earnings, with profit and revenue exceeding analysts’ estimates. The bank reported earnings of $1.82 per share, surpassing the $1.65 per share estimate, and revenue of $15.02 billion, higher than the estimated $14.3 billion. This demonstrates a 41% increase in profit compared to the previous year, reaching $3.08 billion, while
The current analysis provided by Mark Mahaney from Evercore ISI offers a comprehensive insight into the strategic calls within the large-cap internet sector. Mahaney remains optimistic about the sector’s performance for the remainder of the year, highlighting the consistent demand trends and margin expansion across various Internet verticals. In his recent update, Mahaney has made
The recent surge in Bitcoin prices can be attributed to speculation surrounding Donald Trump’s potential re-election in the 2024 presidential race. Reports indicate that the Securities and Exchange Commission is considering approving exchange-traded funds tracking the world’s second-largest token, Ether. This news has instilled optimism in the market, leading to a 2.3% increase in Bitcoin’s
The US Securities and Exchange Commission (SEC) is on the brink of approving Ether exchange-traded funds (ETFs) by July 22nd, as indicated by industry insiders. At least three out of eight firms have reportedly been notified by US regulatory authorities that they are likely to receive final approval to launch these new financial products by