By Sruthi Shankar and Shristi Achar A (Reuters) – U.S. stock indexes edged higher on Monday, nearing record highs after a recent run of gains, as investors awaited key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. The indexes were back near all-time highs hit in March, boosted by
My concerns billowed last week as I read an assessment of the funds needed to build our carbon-free future, and to get us to a “net zero” world by 2050. According to the Carbon Policy Initiative, climate finance will need to rise to US$8.1 trillion to US$9 trillion by 2030 and to be sustained above
Greystone Housing Impact Investors LP (NYSE:GHI) Q1 2024 Earnings Call Transcript May 8, 2024 Greystone Housing Impact Investors LP isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to the Greystone Housing Impact Investors Conference call. At this
Uninsured residential mortgage portfolio reaches record $1 billion TORONTO, May 6, 2024 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group (“MCAN”, the “Company” or “we”) (TSX: MKP) reported net income of $23.2 million ($0.65 earnings per share) for the first quarter of 2024, relatively consistent with net income of $23.3 million ($0.67 earnings per share) in
Reported GAAP Net Income: $9.7 million for Q1 2024, translating to $0.32 per share, significantly exceeding the estimated earnings per share of $0.18. Revenue: Total income reported at $16.35 million, surpassing the estimated revenue of $14.60 million. Earnings Available for Distribution (EAD): $4.0 million, or $0.13 per share, closely aligning with the estimated quarterly earnings
Mortgage rates increased again this week, and they should stay elevated until inflation slows and the Federal Reserve lowers the federal funds rate. At its May 1 meeting, the Fed announced it is keeping the federal funds rate unchanged rather than cutting it. At the end of 2023, many people expected the Fed to drop
New data from Freddie Mac reports a fifth straight rise in weekly average 30-year and 15-year fixed mortgage rates, while daily rates appear to have calmed after this week’s news of a Fed rate pause as of Friday, May 3, 2024. The current average rate for a 30-year fixed mortgage is 7.36% for both purchase
For the first time in nearly two years, home prices aren’t falling in any major metro area in the US amid a shortage in housing supply. According to a report by Redfin, the median home-sale price rose from a year earlier or stayed flat in all 50 of the biggest US metro areas during the
Mortgage lenders are hiking rates again. (Bennett Dean) Anxiety has set in among UK mortgage lenders, with rates being hiked left, right and centre, amid uncertainty about how the Bank of England‘s interest rate path will play out. While Barclays hiked its rates for the second time in seven days on Monday, having been the
Mortgage rates remain elevated today, and they should stay relatively high until inflation slows and the Federal Reserve lowers the federal funds rate. While many people expected the Fed to drop the federal funds rate this spring or summer, experts say a rate cut won’t happen until later this year, likely in September. In fact,