US Home Purchase Applications Hit Lowest Since 1995 on Rate Rise
US mortgage applications for home purchases dropped last week to an almost three-decade low, indicating residential real estate is reeling from the recent spike in borrowing costs.
Bloomberg Business
US New-Home Sales Rise to Highest Level in Over a Year
US new-home sales rose in July to the highest level in over a year as homebuilders continue to benefit from limited supply in the resale market.
Inflation-Linked Treasuries Face Key Test After Bruising Month
The market for Treasury Inflation-Protected Securities is teaching investors a harsh lesson about interest-rate risk, ramping up the focus on this week’s auction of the debt.
Brazil’s Congress Gives Final Approval to Lula’s Fiscal Plan
Brazil’s lower house of congress approved new fiscal rules on Tuesday, finalizing legislation meant to shore up public finances and assuage market concerns about President Luiz Inacio Lula da Silva’s spending plans.
Teenagers Convicted of Grand Theft Auto, Nvidia Lapsus$ Hacks in the UK
Two UK teenagers accused of being key members of the notorious hacking group Lapsus$, behind attacks on companies including Nvidia Corp., Rockstar Games Inc., and Uber Technologies Inc., were convicted of their crimes by a London jury Wednesday.
SEC Poised to Demand New Hedge Fund, Private Equity Fee Disclosures
Hedge funds and private equity firms face new requirements to disclose fees and restrictions on giving investors special treatment under sweeping rules the US Securities and Exchange Commission plans to impose on Wednesday.
BRICS Latest: India Backs Expansion, Calls For Space Consortium
Indian Prime Minister Narendra Modi gave public backing to adding new members to BRICS and Chinese President Xi Jinping called for the process to be accelerated.
‘Everybody Else Left or They Died:’ California Bank Grows Simply by Surviving
From his office just outside Los Angeles, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital Corp. down near San Diego in early March, then Silicon Valley Bank up north days later, followed by San Francisco’s First Republic Bank at the beginning of May.
Abercrombie Shares Soar After Boosting Full-Year Outlook
Abercrombie & Fitch Co. soared after hiking its full-year guidance, a sign that some teens and young millennials are still eager to spend if the styles and price are right.
Kohl’s Beats Expectations as Inventory Levels Improve
Kohl’s Corp. profit topped estimates as inventory levels fell, suggesting the retailer’s efforts to clear excess merchandise are working.