For the first time since 2000, the interest rate on the most common home loan in America approaches 8%.
A potential homeowner’s affordability depends in large part on mortgage rates, and in past rising rate periods, home values have decreased as borrowing costs have increased. That hasn’t happened, though, since there aren’t enough homes on the market, keeping many Americans out of the market. The Mortgage Bankers Association reports that the increase in interest … Read more
USD stays close to 150 yen ahead of the Fed Chair’s speech.
As markets anticipated a speech by Fed Chair Powell, the dollar kept the yen close to a two-week low. This was due to rising anticipation that the U.S. Federal Reserve will maintain rates higher for longer. With the Fed’s monetary policy meeting quickly coming on October 31–November 1, U.S. central bank officials have been speaking … Read more
US Bancorp Q3 2023 Earnings Call
Andrew J. Cecere, U.S. Bancorp Chairman, President, and CEO IR Director & Senior Vice President George Andersen, U.S. Bancorp Senior Executive VP and CFO of U.S. Bancorp is John C. Stern. Tension Vice-Chair and Chief Administrative Officer of US Bancorp is Robert Dolan. Ebrahim Huseini Poonawala is the Head of North American Banks Research and … Read more
Concerns about US rates caused JGB yields to reach fresh decade highs.
On Thursday, Japanese government bond yields reached new decade highs, following increases in U.S. Treasury yields due to concerns that the Federal Reserve may maintain higher interest rates for an extended period of time. At 2.5 basis points (bps) higher, the 10-year JGB yield reached 0.830%, the highest level since July 2013. At 2.5 basis … Read more
Strive for the stars, one calculated move at a time
The practise of strategic thinking is not new, and it plays a significant role in the economic world. The Arthashastra, written by Chanakya in the second century BCE, is among the oldest known treatises on political, economic, and military strategy. It’s incredible how many ideas that were established so long ago are still applicable now. … Read more
A US court maintains the Nasdaq board diversity policy.
Nasdaq’s board diversity rule, which mandates that businesses listed on the exchange have women and minority directors on their boards or provide an explanation if they do not, was upheld by a U.S. appellate court on Wednesday. The 5th U.S. Circuit Court of Appeals was sought to stay the regulation by the National Centre for … Read more
Nvidia’s stock drops as new US semiconductor regulations jeopardise Chinese business.
The Biden administration made plans to stop sending some AI chips to China on Tuesday. These businesses include Nvidia (NVDA). Following the revelation, Nvidia’s shares dropped about 5% and more than 2% in early Tuesday trade. Analysts at Citi have revised down their projections for Nvidia’s revenues for the fiscal years 2025 and 2026, citing … Read more