Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors. Sales were 1.5% lower than August 2020 for the first annual decline. Sales however are still above pre-pandemic levels. These numbers are a count of home closings
admin
S&P Global Ratings has singled out states’ underfunding of retiree medical benefits as a key credit risk for states. States continued to sharply underfund their OPEB plans and unfunded liabilities ticked upward in fiscal 2020, S&P analysts reported in their annual survey published Monday. During the economic expansion preceding the pandemic, few states pursued and
Chinese markets fell on their first day of trading this week after a public holiday as concerns built in global markets over a possible default by property developer Evergrande on an international bond repayment. But the losses were not as heavy as feared after the real estate company, which has total liabilities of more than
Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. Internet Computer will utilize its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses that are hosted directly on Internet
A New Jersey Superior Court has ruled that a variable-rate demand obligation qui tam claim brought in the state of New Jersey by Minnesota-based municipal advisor Johan Rosenberg via Edelweiss Fund LLC, can continue to discovery. In the Sept. 13 ruling, Judge Douglas H. Hurd denied the motion to dismiss proffered by defendants JPMorgan Chase
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses
In this article AAPL ENPH XOM People wear protective masks in front of Uber Technologies Inc. headquarters in San Francisco, California, U.S., on Wednesday, June 9, 2021. David Paul Morris | Bloomberg | Getty Images Take a look at some of the biggest movers in the premarket. Uber (UBER) — Uber shares rose 5.7% in
When a property owner enters into a long-term ground lease with a developer tenant, that ground lease typically gives the tenant a great deal of flexibility but also restricts that flexibility in meaningful ways. For example, the ground lease might say that the tenant can obtain a leasehold mortgage – i.e., a mortgage secured only
A person in a mask walks by the New York Google offices after they announced they will postpone their reopening in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Google plans to buy a New York City
Municipals largely ignored the rally in U.S. Treasuries and a massive selloff in equities as participants await another large new-issue week. Without the primary in play and a mostly muted secondary, triple-A benchmark yield curves were little changed, coming nowhere near the moves in Treasuries as the 10- and 30-year UST fell five and six
Shares in Asia swung between gains and losses in the wake of Wall Street’s worst one-day fall in four months, as investors braced for the possibility of a default by Chinese property developer Evergrande. Shares in Japan sold off sharply on Tuesday, after being closed on Monday for a public holiday, with the benchmark Topix
Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets
These ETFs provide diversified exposure to this hot area.
The Oklahoma Department of Education is facing the first audit in its history after a funding scandal involving the state’s largest charter school operator. Gov. Kevin Stitt last week ordered the audit of the entire department after a previous audit of the Epic Charter Schools cited misuse of funds, including the application of state funds
Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the U.S. could prove to be bullish for Bitcoin. In a note to clients, Anthony “Pomp” Pompliano said that the only way to
The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The Federal Reserve has a big meeting on tap next week, one that will be held under the cloud of an ethical dilemma and a policymaking committee that finds itself with fairly pronounced
In this article CFG CPE A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: China Evergrande Group
Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. BTC’s price sinks through support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local lows of around $43,400. The pair had struggled overnight into the new week, as stocks
Matt Avital is the Principal & Founder of Ascenda Capital, located in Los Angeles, CA. Surprisingly, the loan program that provides multifamily property owners with the longest amortization, the highest leverage and often the lowest interest rate is a program that is not well known even by many of the industry’s top players. In the multifamily
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, U.S., on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from sky-high levels and buyer demand is growing. Builder