The recent interest rate cut by the Bank of England has sparked a flurry of activity in the UK housing market. High street lenders, such as Barclays, Halifax, HSBC, and NatWest, have responded by slashing borrowing costs, particularly for fixed-rate mortgages. This move has led to increased buyer activity and a rise in new seller
The proposal for affordable housing in the United States has been a focal point of Vice President Kamala Harris’s economic policies. Harris aims to make owning and renting a home more affordable in the country. She has emphasized the importance of increasing the supply of housing units to address the affordability challenges faced by renters
Denver voters will have the opportunity to consider a sales tax increase on the upcoming Nov. 5 ballot. This measure, proposed by Mayor Mike Johnston, aims to raise approximately $100 million annually to address the affordable housing crisis in the city. The city council voted 9-4 in favor of the 0.5% tax hike, emphasizing the
Federal Reserve Board Gov. Michelle Bowman expressed her concerns about inflation in a recent speech to the Alaska Bankers Association. She noted that price growth continues to be “uncomfortably” high and raised the alarm that inflation could start trending up again. Bowman emphasized the need to closely monitor economic data and consult with a wide
Investors are currently considering a new-issue calendar totaling $12 billion, with nearly $2 billion of that debt coming from New York City. The deal, which amounts to $1.8 billion, is the largest offering on the calendar for the week and comes on the heels of the city’s $1.2 billion refunding issuance in July. The offering
The analysis provided by Wells Fargo regarding Eli Lilly as a top pick within its biotechnology coverage universe may not fully take into account the potential risks associated with the pharmaceutical industry. While the firm sees improved supply and tailwinds from key drug trials as growth drivers, the speculative nature of drug development and regulatory
Lowe’s, the home improvement retailer, recently announced a cut in its full-year forecast due to a decline in quarterly sales. The company now expects lower total sales and a decrease in comparable sales. This change in forecast is driven by weaker spending on do-it-yourself projects, according to Lowe’s. The company now anticipates adjusted earnings per
The uncertainty surrounding the U.S. dollar remains palpable as traders anticipate the Federal Reserve’s decision to potentially lower interest rates in the coming months. The dollar’s current instability has seen it teetering near a seven-month low, prompting a surge in the euro to its highest level of the year. Alongside this, the sterling has also
In a recent development in the fintech industry, ChainwirePEXX, a startup specializing in stablecoin cross-border payments, has acquired the Singapore-based blockchain media platform, Chain Debrief. This acquisition comes after a successful fundraising round led by TNB Aura and ANTLER, where PEXX raised $4.5 million. The move aims to expand PEXX’s reach and deepen its engagement
In the volatile world of the stock market, investors are always looking for reliable sources of information to guide their investment decisions. One such source is the top Wall Street analysts who conduct detailed analysis of companies before making their recommendations. This week, one of the top picks by these analysts is project management software