Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing Market Index, or HMI, dropped a sharp 5 points from January to a reading of 42. Anything below 50 is
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<img src=”https://public.flourish.studio/visualisation/21795219/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer in spots Monday as U.S. Treasury yields fell and equities ended mixed. “Munis have been slow and steady (steady may be a stretch) for the first couple of months of the year,” said Daryl Clements, a portfolio manager at AllianceBernstein. Munis returned 0.51% in January
Andrew Nakahata was appointed to California IBank’s second top slot.TD Securities Andrew Nakahata has been appointed chief deputy executive director and chief operating officer at the California Infrastructure and Economic Development Bank, according to the governor’s office. San Francisco-based Nakahata, who is expected to start with IBank on March 17, will leave a position as
Cooling towers and reactors 3 and 4 are seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. Aug. 13, 2024. Megan Varner | Reuters Expanding two power plants in Georgia and South Carolina with big, new reactors was supposed to spark a “nuclear renaissance” in the U.S. after a generation-long absence of
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week, according to the
Construction on an underpass at State Route 46, part of the California high speed rail project, which is the target of a review by the Trump administration.California High Speed Rail Authority The Trump administration said Thursday it would launch a probe into California’s long-struggling bullet train to determine whether it should rescind $4 billion in
A rendering of Brightline West, the Las Vegas-Los Angeles electric bullet train that came to market this week with $2.5 billion of unrated private activity bonds.Brightline West Brightline West, the Las Vegas-Los Angeles bullet train, hit the market Thursday with $2.5 billion of unrated private activity bonds that sported nearly double-digit yields in what’s likely to
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew
In this article FMCC FNMA Follow your favorite stocksCREATE FREE ACCOUNT Fannie Mae and Freddie Mac, two pillars of the U.S. mortgage market, are currently controlled by the federal government. Some in Washington, D.C. expect President Trump to push for the end of their conservatorship. “We have a mortgage finance system that works really well
“I hope the House can pass one big bill that meets President Trump’s priorities,” said Senate Budget Committee Chair Lindsey Graham, D-S.C. ”This approach provides money that we needed yesterday to continue the momentum on securing our border, enforcing our immigration laws, and rebuilding our military. Time is of the essence.”Brett Flashnick The U.S. Senate emerged
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. The thing about zealots, conspiracists, monomaniacs and cranks is their initial reasonableness. Few of them start off a conversation with their most extreme opinion. Their tactic is to establish common ground first, as a
Collapsed Interstate 40 in western North Carolina after Hurricane Helene. Gov. Josh Stein is seeking an additional $19 billion in federal aid.North Carolina Department of Transportation Reports that President Donald Trump plans to cut 84% of the staff from one of the two major federal programs providing natural disaster aid concern analysts. Previously, Trump suggested
In this article CCL RCL Follow your favorite stocksCREATE FREE ACCOUNT The Royal Caribbean cruise ship ‘Explorer of the Sea’. Getty Images Shares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested the Trump administration would crack down on taxes paid by the companies. “You ever see a cruise ship with an American
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings. Sales of previously owned homes fell 4.9% in January from
<img src=”https://public.flourish.studio/visualisation/21753829/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of a larger new-issue calendar as U.S. Treasury yields fell and equities were down. Muni yields were bumped up to four basis points, depending on the curve, while UST yields fell eight to nine basis points across the curve. Market activity has been somewhat
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s CK Infrastructure has made a preliminary £7bn bid to take a majority stake in Thames Water, while indicating that it would require the troubled utility’s bondholders to take significant haircuts. CKI, part of
Illinois Gov. JB Pritzker speaks in Washington, D.C., in January. The governor devoted a healthy chunk of his budget address to warnings about and defiance of the Trump administration.Bloomberg News Washington’s threats to state and local government funding took center stage when Illinois Gov. JB Pritzker Wednesday delivered his seventh budget address to a joint
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US government has indicated it will drop a long-running case against Elon Musk’s SpaceX, in which it had alleged that the company’s hiring procedures unlawfully discriminated against asylum seekers and refugees. The
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT GameStop Chairman Ryan Cohen. CNBC GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump said Wednesday on Air Force One. A drive to audit Fort Knox has gained steam from
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