Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Stocks rebounded after President Trump and Chinese President Xi Jinping discussed trade disputes for over 90 minutes, leading to optimism about a future high-level trade meeting. The S&P 500, Nasdaq, and Dow Jones posted gains, despite ongoing concerns over China's rare earth mineral export licenses. Despite initial losses, trading futures indicated a modestly higher opening, while the U.S. trade deficit showed an unexpected decline, signaling some positive economic movement amidst signs of a cooling job market.
Source: YAHOO
Reported 2 months ago
Blackstone is among the shortlisted bidders for a century-old office block in Paris priced at €700 million ($800 million), marking a significant post-pandemic office sale. The CityQuartier Trocadéro, located near the Arc de Triomphe, is being sold by Germany's Union Investment. Other interested parties include Hines, while Commerz Real's bid was not successful. Despite pandemic-related setbacks, investor interest in prime office properties is resuming, although bids have come in lower than expected at around €650 million.
Source: YAHOO
Reported 2 months ago
Emerging-market assets saw significant gains on Thursday, spurred by disappointing US jobs data that bolstered expectations for a more accommodative Federal Reserve, resulting in a decline of the dollar. The MSCI’s EM stock index rose by 0.9%, with developing-nation currencies increasing, led by the Brazilian real. The market excitement followed discussions between US President Trump and Chinese President Xi regarding trade, with investors eyeing upcoming tariff negotiations. Additionally, South Korea's won strengthened post-election, while Israel's market reacted positively to potential government changes.
Source: YAHOO
Reported 2 months ago
Mortgage rates have decreased slightly for the first time in a month, with the average 30-year rate at 6.85%, down from 6.89%, while the 15-year rate is now at 5.99%. Despite this dip, rates remain high and have contributed to a decline in mortgage application activity, which fell by 4% compared to the previous week. The recent decrease in Treasury yields, driven by weak economic data, has influenced this change and reignited discussions regarding a potential Federal Reserve rate cut.
Source: YAHOO
Reported 2 months ago
Research suggests that nearly 30% of potential homebuyers would be more inclined to buy during a recession, believing it could lead to lowered interest rates and increased housing affordability. Key benefits include favorable market conditions for buyers, the opportunity for better negotiations with sellers, potential for significant equity growth, and viewing real estate as a safer investment compared to the stock market. Additionally, purchasing a home can create extra income streams, making it a strategic decision even in challenging economic times.
Source: YAHOO
Reported 2 months ago
Personal loans can be a valuable resource for aspiring side hustlers looking to launch or expand their ventures. By providing funds for essential equipment, inventory, or website costs, these loans can help get projects off the ground more quickly than traditional business loans, which often have strict eligibility requirements. Additionally, strategic use of borrowed funds can lead to profitable returns, as long as borrowers remain mindful of interest rates and repayment plans.
Source: YAHOO
Reported 2 months ago
The average US rate for a 30-year mortgage has dropped to 6.85%, marking the first decline in a month.
Source: YAHOO
Reported 2 months ago
The European Central Bank (ECB) has lowered interest rates for the eighth consecutive time, diverging from the U.S. Federal Reserve's steady rates. This decision comes amid criticism from President Trump, who urges the Fed to follow the ECB's lead to stimulate economic growth. The ECB's focus is influenced by the uncertainties of international tariffs that could impact growth and inflation in Europe.
Source: YAHOO
Reported 2 months ago
A stay-at-home mom and her husband found a seemingly perfect home priced at $430,000 and signed a contract after a $165,000 down payment. However, after projections showed a monthly mortgage payment of $1,880, the husband panicked over their financial situation, fearing insufficient cash flow despite their solid income. He now wishes to consult a lawyer to withdraw from the contract, leading to tension between the couple as opinions vary among online commenters regarding the feasibility of the mortgage.
Source: YAHOO
Reported 2 months ago
Under the leadership of Damola Adamolekun, the new CEO of Red Lobster, the restaurant is bringing back popular items from its past to revamp the menu. With an emphasis on affordable prices and cherished classics like Cheddar Bay biscuits, Adamolekun aims to enhance customer experience and connect diners with the brand's history. His proactive approach and social media engagement have garnered positive feedback, positioning Red Lobster for a revitalized future.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Excel Sports Management has hired Moelis & Company to explore opportunities for raising growth capital, potentially involving the sale of Shamrock Capital's minority stake in the agency. This move comes after a series of acquisitions by Excel to expand its business, with no guarantees regarding Shamrock's potential exit from their investment, typical for private equity firms. Led by industry veterans, Excel represents high-profile clients and continues to grow its footprint in the sports management sector.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Cracker Barrel Old Country Store, Inc. announced its Q3 adjusted earnings per share at 58 cents, surpassing expectations, despite quarterly sales of $821.1 million falling slightly short of the consensus estimate. Restaurant sales made up 82.7% of total revenue, with a 1.0% year-over-year increase in comparable restaurant sales. The company raised its adjusted EBITDA outlook for the fiscal year 2025 from $210 million-$220 million to $215 million-$225 million, while also affirming its total revenue guidance of $3.45 billion-$3.50 billion.
Source: YAHOO
Reported 2 months ago
U.S. equities saw a rebound, driven by President Trump's announcement of further trade talks with China, with notable movements in stocks like Dollar Tree, which rose after a JPMorgan upgrade and raised price target. Five Below shares surged as the company exceeded profit and sales expectations, while Brown-Forman experienced declines due to warnings about a tough economic environment. Overall, the market showed gains amidst fluctuating commodity prices and mixed performance in cryptocurrencies.
Source: YAHOO
Reported 2 months ago
A small team in China's Ministry of Commerce holds significant power over the global auto industry by controlling the export of rare earth magnets, essential for electric vehicle motors. These magnets were recently added to an export control list amidst trade tensions with the U.S., requiring automakers and tech companies to apply for export permits. Despite some permits being granted, the process remains slow and complicated, with many applications pending, showcasing China's near-monopoly on crucial resources and the geopolitical implications of these export controls.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Pow.re CEO Mike Cohen highlights that while institutional interest in Bitcoin has surged, the real concern lies in the centralization of Bitcoin mining, which poses an existential threat to its decentralized nature. He argues that MicroStrategy should not be viewed as the enemy, but rather the consolidation of mining power that risks manipulation and control over the network. Cohen emphasizes the importance of spreading hash rates and encourages resistance against mining monopolies to maintain Bitcoin's integrity.
Source: YAHOO
Reported 2 months ago
A simple interest auto loan calculates interest solely on the principal amount, leading to potentially lower monthly payments than compound loans. These loans allow borrowers to save money by making more than the minimum payment and paying off the balance early, as the interest decreases as the principal balance is paid down. They are commonly offered by various lenders and can provide significant cost savings over time, especially if managed well.
Source: YAHOO
Reported 2 months ago
Billionaire investor Tim Draper claims that the dollar is on the verge of becoming worthless and promotes Bitcoin as its replacement. He suggests that as the dollar loses value, people will hurry to spend it, while retailers will increasingly prefer Bitcoin for transactions. Draper's remarks come amid a debate on whether Bitcoin should be seen primarily as a store of value or a medium of exchange, with expectations that it could become the world’s reserve currency within a decade, potentially reaching a price of $250,000 by 2025.
Source: YAHOO
Reported 2 months ago
President Trump and Chinese leader Xi Jinping have held a phone call where they agreed to resume discussions on tariffs and trade issues, highlighting concerns over China's export restrictions on rare earth minerals. The call, viewed positively by Trump, marks a renewed effort to address rising tensions since the trade truce in Geneva. Both leaders are planning future meetings to explore trade resolutions, amidst ongoing challenges faced by American businesses due to recent tariffs.
Source: YAHOO
Reported 2 months ago
In April, the US trade deficit fell dramatically by 55.5% to $61.6 billion, marking the lowest level since September 2023, due to a record drop in imports by 16.3%. The reduction in imports was largely driven by decreased shipments of consumer goods and industrial supplies, attributed to the anticipation of higher tariffs. Despite the sharp contraction in the trade gap, economists suggest it could positively impact GDP growth this quarter, depending on inventory levels.
Source: YAHOO
Reported 2 months ago
General Motors and Nvidia have joined forces to revolutionize automotive manufacturing by integrating advanced AI technologies to enhance automation, improve efficiency, and reduce costs. This partnership focuses on using Nvidia's technology to create digital twins of assembly lines for testing and simulation, thereby optimizing production processes for both traditional and electric vehicles. Despite challenges, GM aims to ramp up electric vehicle production significantly by 2025, while also emphasizing the importance of a skilled workforce alongside automation.
Source: YAHOO