Federal Reserve Bank of Philadelphia President Patrick Harker said higher interest rates are making it more challenging for first-time home buyers by raising borrowing costs and limiting inventory, which is also leading to higher home prices.
Money managers including Loomis Sayles and Legal & General think US corporate bonds look so expensive that they’re cutting back on their holdings and in some cases even betting against the market.
The race by Republican presidential contenders to stockpile campaign cash and tap influential donors ahead of the expensive 2024 primary season is hitting full swing, while President Joe Biden is building a formidable war chest for the general election.
The amount of double-digit yielding debt for investors to choose from in the US junk bond market has swelled over the last six months as higher borrowing costs and a weakening economy weigh on credit quality.
Elliott Investment Management is considering making a proposal to take supply-chain software company E2open Parent Holdings Inc. private, according to people familiar with the matter.
Charles Schwab Corp. executives said its cash-sorting problems, with clients moving money from the bank into higher-yielding products, are beginning to abate despite persistently elevated interest rates.
Apple Inc.’s new iPhone 15 is selling far worse in China than its predecessor, according to separate analyses, reflecting stubbornly weak consumption as well as the rise of rivals like Huawei Technologies Co.
Manchester United Plc shares slumped in New York on Monday, following the news over the weekend that the Qatari group was stepping back from a potential takeover.
As US-China relations remain tense, financial professionals are figuring out ways to reduce exposure to standoffs, survey shows
CVS Health Corp. Chief Financial Officer Shawn Guertin is taking a leave of absence for family health reasons.
