U.S. Home Sales Remain Weak
The U.S. housing market is facing its most challenging year in nearly three decades. Sales of existing homes in 2024 are projected to be the lowest since 1995, marking the second consecutive year of sluggish activity.
Go Deeper (3 min read)Dealmaking Powers Banks
Goldman Sachs posted a stellar third-quarter profit, marking a 45% surge, thanks to the favorable conditions created by lower interest rates and a stable economy.
Go Deeper (3 min read)A Broad Rally
In recent weeks, several under-the-radar sectors have been propelling the stock market higher, setting the stage for a test of their resilience. The S&P 500 has gained 21% this year, with tech giants and their AI ambitions fueling the first-half surge.
Go Deeper (2 min read)Fed Chair Powell Signals Further Rate Cuts
Federal Reserve Chair Jerome Powell confirmed on Monday that the central bank plans to continue lowering interest rates in a bid to sustain economic growth and promote hiring.
Go Deeper (2 min read)China's Weak Economy Gets A Boost
In an unprecedented move aimed at invigorating China's weakening economy and reviving a sluggish stock market, the People's Bank of China (PBOC) has rolled out a comprehensive set of policy measures.
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Tenant Evictions Remain High in Many U.S. Cities
Tenant evictions remain at elevated levels in several U.S. cities, showing little sign of returning to pre-pandemic norms.
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Luxury Shame Hurting European Brands
In China, a notable shift in consumer behavior is underway as the country's affluent become increasingly cautious about displaying their wealth amidst economic challenges.
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A Rotation Into Value?
The Trump Trade is back in focus, as investors shift towards small-cap and 'old economy' stocks in a manner reminiscent of the trends seen during Donald Trump's 2016 presidential campaign.
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The Fed Is Getting More Confident
In a recent interview with the Wall Street Journal, New York Fed President John Williams provided an in-depth analysis of the current economic landscape, inflation trends, and the Federal Reserve's monetary policy.
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China's Shadow Debt
Economists estimate this off-the-books debt at $7 trillion to $11 trillion, about twice the size of China's central government debt.
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Government's Debt
In its annual report released Sunday, the Bank for International Settlements (BIS) urged governments worldwide to reduce borrowing to mitigate one of the most significant threats to global financial stability and support efforts to control inflation.
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