Author: iannouncethis.com
Rising swap rates are set to dampen down mortgage market activity – putting the breaks on a positive start to 2024. The five-year swap rate – the instrument used to price fixed mortgages of the same length – topped 4.3%, which compares to less than 3.6% in the period between Christmas and the New Year. Underlying inflation has remained relatively high, which has pushed swaps and therefore mortgage rates up. The bank rate is likely to stay at 5.25% at the next two meetings of the Bank’s Monetary Policy Committee (MPC) on 21 March and 9 May. Central bankers are…
WASHINGTON (AP) — President Joe Biden will travel to the U.S.-Mexico border Thursday, as the administration grapples with the fallout from a failed border deal in Congress and the increasing number of migrants arriving at the border, according to three people familiar with his plans. Biden will travel to Brownsville, Texas, in the Rio Grande Valley, an area that often sees large numbers of border crossings, said the people who spoke to the Associated Press on condition of anonymity to discuss the president’s plans before they had been formally announced. Source link
Crypto fugitive Do Kwon is in Serbia, says South Korean intelligence department | International News
According to an investigation conducted by a South Korean intelligence department, Terra co-founder Do Kwon is now in Serbia. Watch full video to know more. #dokwon #terra #wion About Channel: WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to…
Everywhere you look, stockmarkets are breaking records. American equities, as measured by the S&P 500 index, hit their first all-time high in more than two years in January, surged above 5,000 points in February and roared well above that level on February 22nd when Nvidia, a maker of hardware essential for artificial intelligence (AI), released spectacular results. The same day, Europe’s STOXX 600 set its own record. Even before Nvidia’s results had been announced, Japan’s Nikkei 225 had surpassed its previous best, set in 1989. Little surprise, then, that a widely watched global stockmarket index recently hit an all-time high,…
GERMANY, 26 February 2024 nuco.cloud is pleased to announce the appointment of Mike Storm as its new Chief Operating Officer (COO), effective immediately. With an impressive track record of leadership during the last 11 years at Neurons, where he helped to scale one of the fastest-growing neuromarketing & AI businesses in the world, Mike brings a dynamic and results-driven approach to nuco.cloud. Mike has collaborated with cutting-edge brands, such as TikTok, Google, IKEA, VISA, Facebook, Twitter, Instagram, and more, leveraging his advanced skillset in a new era of neurotechnology. His professional interpersonal abilities have been key to his career success,…
Bristol the best city for buy-to-let
Landlords in it for the long haul should invest in Bristol, which just saw returns grow by 6.6% annually, Aldermore’s Buy to Let City Tracker research says. This is despite short-term yields only standing at 4.4% in the city. Manchester is seen as the second most attractive location. Although the average rent per room is lower at £461, and the proportion of vacancies in properties is lower at 0.9% compared to the national average of 1.2%, long term returns are very appealing for landlords at +6.1% with a healthy market of tenants available (31%). Other cities in southern England also…
Lattice Semiconductor’s stock drops 8% on revenue decline, weak sales guidance
Lattice Semiconductor Corp.’s LSCC, stock declined 8% in after-hours trading Monday after the company posted a decline in quarterly revenue and offered weak sales guidance. Lattice Semiconductor reported fiscal fourth-quarter net income of $98.7 million, or 72 cents a share, compared with net income of $51.9 million, or 38 cents a share, in the same quarter a year ago. Revenue slid 3% to $170.6 million from $176 million in the year-ago quarter. Analysts surveyed by FactSet had expected on average net income of 45 cents a share on revenue of $176.2 million. Lattice Semiconductor provided first-quarter sales guidance of $130…
The Dow Jones Industrial Average (DJIA) is a hallmark index of 30 American blue-chip companies, which has been around since the 19th century. The easiest and most cost-effective avenue to trade the Dow Jones is through an exchange-traded fund (ETF). The oldest such ETF is the SPDR Dow Jones Industrial Average ETF Trust (DIA) or “Diamonds”, which tracks the DJIA and seeks to track the price and yield performance of the index, with each DIA share representing approximately 1/100th of the index itself. If you have limited capital but want to trade the Dow, DIA ETF options might be a…
The New Global Financing Pact summit began on Thursday and brought together more than 300 participants, including more than 40 heads of state, various international NGOs and private sector partners. “No country should have to choose between reducing poverty and protecting the planet,” French President Emmanuel Macron said in his opening remarks. Macron called for a substantial increase in public and private funding to tackle rising inequality. UN Secretary-General Antonio Guterres outlined some of the challenges facing developing countries and said more than fifty nations were now in or near debt default. Guterres said the global financial system — conceived…
Hims & Hers: Turning The Profitability Corner And Returning 28% (NYSE:HIMS)
Cecilie_Arcurs/E+ via Getty Images A few months ago, we wrote an article about Hims & Hers Health (NYSE:HIMS) titled: “Hims & Hers: 3 Reasons To Buy This Potential Growth Stock”. In that article, we made the case that the stock was incredibly undervalued when compared to the company’s growth opportunity and TAM over the long term. Since then, the stock has rallied more than 50%, as we were lucky enough to catch nearly the exact bottom with our article: Seeking Alpha However, while HIMS’s market opportunity remains robust and top line revenue continues to grow like clockwork, the company’s shares…