U.S. Treasury yields fell on Wednesday as investors considered what could be ahead for inflation and how this could affect interest rates and the overall economy. At 4:34 a.m. ET, the yield on the 10-year Treasury was down by more than two basis points to 3.9886% after hovering around the 4% mark throughout the beginning
Last year was battered by the same headwinds that led many to christen 2022 the year of the ‘permacrisis’. Inflation, rising interest rates and geopolitical tensions continued to hit economies around the world and affect financial services in Europe. Investment banks made their deepest job cuts since 2008, culling thousands of roles as trading fees flatlined
Stock investors have gotten off to a wobbly start to the new year, hobbled by shifting expectations on the timing and extent of Federal Reserve interest-rate cuts in 2024. All three major U.S. stock indexes snapped a nine-week winning streak on Friday, after unexpectedly strong December job gains prompted traders to briefly pull back on
Some types of debt can haunt you. “Buy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get in over their heads, some experts say — even more than credit cards, which are simpler to account for, despite sky-high interest rates. Over the holidays, the use of installment
On the rent side, Allan said it’s a mixed bag, adding that rents in some areas in the south of Hong Kong Island were strengthening for units with good kitchens and bathrooms. Potential buyers queue up at Sun Hung Kai Properties’ sales centre for a chance to buy flats in the developer’s Yoho West residential
MUMBAI: Interest rates on some retail loans, excluding home loans, have started inching up, with several banks revising their marginal cost of lending rate (MCLR). Although banks have linked their home loans to the repo rate (the rate at which the Reserve Bank of India lends), which has stayed the same since February 2023, many
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow
India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment. Yet, people need to carefully consider the following factors before making investment decisions. Growth and potential: India’s economic growth story is compelling. Its GDP has grown at a steady more than 7% in US dollar terms, outpacing most countries.
Reductions in tax relief on buy-to-let mortgages, which were phased in between 2017 and 2020, have amplified the impact of higher rates on landlords who own properties in their own names. The new rules mean landlords are no longer able to deduct all of their mortgage interest as a business expense when they calculate their
More than 10,000 homeowners are at risk of becoming mortgage prisoners as a negative equity “time bomb” looms, new information suggests. The number of houses purchased with a loan worth 95pc or more of the value of the property doubled last year, according to figures released under a Freedom of Information request. These homes are most