A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates didn’t move much last week, and for the second week in a row, neither did mortgage demand. Potential buyers are handcuffed by exorbitant costs and low supply, and current homeowners have little to no incentive
The bankruptcy of Iowa City’s Mercy Hospital is closer to an end with the resolution last week of a dispute between the committee of unsecured creditors, which had filed a complaint on March 25, and trustee Computershare Trust and bondholder representative Preston Hollow Community Capital. The plan support agreement reached raised the estimated dollar amount
The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Nato is drawing up plans to secure a five-year military aid package of up to $100bn, in a bid to shield Ukraine from “winds of political change” that could usher in a second Trump
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT 10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household
U.S. Securities and Exchange Commission chairman Gary Gensler testifies during a Senate Banking Committee hearing on Capitol Hill September 12, 2023 in Washington, DC. Drew Angerer | Getty Images The annual two-day “SEC Speaks” event kicked off Tuesday, offering clues to what the priorities will be for the Securities and Exchange Commission in the coming
Loading… Loading… Digital investment platform company announced a SPAC merger to go public. Looking at the details and what's next for the company. Digital investment platform Webull Corporation is going public via a SPAC merger announced Wednesday. The news comes years after reports that Webull was nearing an IPO to go public. What Happened: The
Financial services company Robinhood Markets HOOD reported fourth-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Robinhood reported fourth-quarter revenue of $471 million, which was up 24% year-over-year. The revenue beat a Street consensus estimate of $456.8 million, according to data from Benzinga Pro. Robinhood reported earnings per share
Offering trading infrastructure and building out regulated brokerages, Architect Financial Technologies raised capital to launch a U.S. derivatives brokerage. What Happened: Architect Financial Technologies secured $12 million in capital in its latest funding round, bringing its total funding to $17 million since its inception in January 2023, as per its official release. The current round
different teams — Microsoft splits up the Teams and Office apps worldwide, following EU split Changes may save a bit of money for people who want Office apps without Teams. Andrew Cunningham – Updated Apr 1, 2024 8:12 pm UTC Enlarge / Teams is being decoupled from the other Office apps worldwide, six months after
free as in beer? — OpenAI drops login requirements for ChatGPTs free version ChatGPT 3.5 still falls far short of GPT-4, and other models surpassed it long ago. Benj Edwards – Apr 1, 2024 10:31 pm UTC EnlargeBenj Edwards reader comments 24 On Monday, OpenAI announced that visitors to the ChatGPT website in some regions
A pseudonymous NFT entrepreneur known as Gmoney borrowed $1 million as a 180-day loan in tokenized U.S. dollars (USDC) using his prized Ape Punk #8219 as collateral on the Gondi lending platform. This is the first time a high-value single asset has been used to secure such a loan, according to the investor. The loan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran and Hizbollah on Tuesday vowed to retaliate after a suspected Israeli air strike on Tehran’s consulate in Damascus killed seven Revolutionary Guard officers, including two ranking commanders. Iran’s president Ebrahim Raisi said that Monday
Singapore topped the list on the Economist Intelligence Unit’s business environment ranking. franckreporter | E+ | Getty Images Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking. “Singapore will remain the best geography in the world to do business, as it
Private activity bonds issued for Los Angeles International Airport’s multi-billion-dollar people mover project were affirmed at junk by Fitch Ratings last week as the public-private project’s completion date was pushed out another six months. Fitch affirmed the speculative-grade BB-plus rating on California Municipal Finance Authority’s $1.2 billion senior lien revenue bonds issued on behalf of
Munis were little changed Monday as U.S. Treasuries sold off and equities ended mixed. Following the conclusion of the first quarter, munis are seeing losses for the year with the asset class returning negative 0.39% for the year and March returns were at 0.00%, noted Jason Wong, vice president of municipals at AmeriVet Securities. The
Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike on the consular section of Iran’s embassy in Damascus, an attack that Tehran has blamed on Israel. The death of Brigadier General Mohammad-Reza Zahedi, a prominent commander of the Revolutionary Guards, marks a significant escalation in hostilities that have engulfed
In the current landscape of financial markets, the significance of having suitable investment tools cannot be overstated. Fortunately for the public, the proliferation of apps and online platforms has greatly increased the wealth accumulation possibilities for individuals. These digital resources not only help people to stay informed but also enable them to devise more effective
Loading… Loading… Shares of publicly listed firms such asSuper Micro Computerand Nvidiahave sparked investment discussions on social media platforms. While many seemingly joke about market volatility, others, with a more earnest approach, seek to learn. Navigating through the noiseis challenging. That's where StockTwits comes in. Established in 2009 following the Global Financial Crisis, StockTwits spent
The Brazilian fintech Stark Bank, backed by Jeff Bezos, has seen a significant rise in profits while effectively managing its funding. What Happened: Stark Bank, a Sao Paulo-based company, has witnessed a three-fold increase in its payment processing business, reaching 155 billion reais ($31 billion) in 2023. This expansion has resulted in a doubling of