Author: iannouncethis.com

Ripple CEO Brad Garlinghouse joins CNBC’s Kate Rooney and ‘The Exchange’ to discuss the federal judge’s ruling that XRP is a ‘digital token, not a contract, transaction or scheme.’ For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on…

Algul/iStock via Getty Images We were just asked about FB Financial (NYSE:FBK) earnings. We have not checked in on the bank since the spring, but we believe shares remain a hold/market perform. There are issues the bank is facing that are similar to countless other regionals. With that said, shares of many bank stocks have been in selloff mode for many months, and rightfully so with the pressure on margins due to the higher cost of funds, as well as anxiety over future loan demand in a softening economy. While the higher interest rate initially boosted net interest margins as…

Latin America’s crypto landscape has shown a distinct preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs), according to a recent report released by blockchain analytics firm Chainalysis.  This unique trend, as outlined in the report, has positioned the region as a significant player in the global crypto economy, despite its relatively lower ranking compared to regions like the Middle East and North America (MENA), Eastern Asia, and Eastern Europe. The report underscored that Latin America exhibited the highest inclination toward centralized exchanges when compared to other regions. While highlighting this preference, the report also pointed out the region’s deviation…

Landlords are spending 40% more on mortgage interest year-on-year, research from Hamptons has found. In August, mortgaged investors handed over an average of 37% of their rental income in mortgage costs, up from 28% the same month a year ago. Annual rental growth was in double-digits across Great Britain during September, with the average cost of a new let up 11.7% on last year The average mortgage rate on outstanding landlord debt stood at 3.4% in August, so it’s set to rise once products come to the end of their fixed and reduced periods. Aneisha Beveridge, head of research at…

Intensifying conflict in the Middle East, stemming from Israel’s war on Hamas, is giving rise to concerns by traders and investors about the possibility of a second wave in U.S. inflation that hasn’t been fully factored into the financial market.Oil prices settled almost 6% higher on Friday, or by more than the moves seen on Monday, amid fears of a ground assault on Gaza by Israel. Investors flocked to safety of long-dated U.S. government debt for the third time in the past week, and U.S. stocks finished mostly lower on Friday. However, inflation traders largely stuck by their previous expectations…

Although rarely considered by the average investor, tracking errors can have an unexpected material effect on an investor’s returns. It is important to investigate this aspect of any ETF index fund before committing any money to it. The goal of an ETF index fund is to track a specific market index, often referred to as the fund’s target index. The difference between the returns of the index fund and the target index is known as a fund’s tracking error. Most of the time, the tracking error of an index fund is small, perhaps only a few tenths of one percent.…

Victoria Greene, G Squared Private Wealth founding partner, and Carl Riccadonna, BNP Paribas Markets 360 chief U.S. economist, joins ‘Closing Bell Overtime’ to discuss the debt ceiling talks and what a default could me for markets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC…

First Guaranty Mortgage Corp. said Thursday that it has filed for Chapter 11 bankruptcy protection, due to “significant operating losses and cash flow challenges” resulting from adverse market conditions for the mortgage lending industry. The mortgage company said its bankruptcy has not impact on closed mortgages, as they are already serviced by third parties, and said it has retained “a portion of its workforce” to manage the day-to-day business. “The sharp and unexpected decline in performance reflects the intense pressure on mortgage originations due to the dramatic collapse of the mortgage refinance market and the weakening mortgage purchase market, which…

The government needs to look beyond Help to Buy due to the policy fuelling a housing bubble, says Nathan Emerson, CEO of estate agency group Propertymark. The original Help to Buy scheme ran from 1 April 2013 to 31 May 2021. The Labour Party has pledged to create a new government-backed mortgage guarantee scheme, though according to Emerson more Help to Buy iterations are not a good idea. He said: “In its initial stage, Help to Buy was a sound idea to help the younger generations in particular get onto the housing ladder in the midst of the 2008 financial…

PCE InflationBureau of Economic Analysis, Federal Reserve Bank of Dallas The newly declared “war” in Israel adds to global economic uncertainty. The human tragedy is, of course, horrific, and we are saddened by it. There are, however, unknown economic implications, not only around the military responses, but also involving fiscal responses and the implication for major oil producers. It’s too early to draw any conclusions, but, for sure, there will be economic impacts. Rates While the Headline Non-Farm Payroll (NFP) number looked strong, a more detailed analysis of the jobs market says otherwise (see below). Unfortunately, this Fed does not…