Weekly mortgage applications drop as homebuyers drop out
A small drop in mortgage interest rates was not enough to make pricey properties more enticing last week. Mortgage application volume fell 2 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 19 percent...
Markets Digest Turkish Troubles With Heightened Risk Over Next 24-Hours
Wednesday August 15: Five things the markets are talking about Global equities traded mixed overnight as market risk appetite continues to be tested by Turkey’s induced turmoil. U.S Treasuries prices have climbed a tad, while the greenback trades atop its...
Small-business confidence is back at record high under Trump: CNBC/SurveyMonkey
Bolstered by a strong economy, small-business confidence is continuing to climb to record levels, even in the face of a potential trade war and an increasingly tight job market. In a deregulatory environment, jobs and the economy have become the...
Turkish Lira Currency Rebounds For A 2nd Straight Session, UK CPI Data In-Line
Notes/Observations Turkey Lira currency continues its retracement from recent record lows; risk of the Turkish crisis spreading to other emerging markets appears limited for now Indonesia Central Bank hikes its key rate for the 4th straight time and maintains its...
Turkey slaps tariffs on American booze, cars as business groups urge diplomacy
Turkey’s government announced tariffs on American cars, alcohol and cigarettes on Tuesday, ramping up what has become a bitter dispute between the two NATO allies. According to local press, the move doubles tariffs on a number of U.S. products, raising...
Y Combinator to set up China arm with former Baidu executive Qi Lu as chief
American start-up incubator Y Combinator is setting up shop in China, with a new unit to be led by former Baidu chief operating officer Qi Lu. Sam Altman, Y Combinator’s president, said in a company announcement Wednesday that China had...
Chinese oil importers shun US crude despite tariff reversal
Chinese oil importers are shying away from buying U.S. crude as they fear Beijing’s decision to exclude the commodity from its tariff list in a trade dispute between the world’s biggest economies may only be temporary. Not a single tanker...
Dollar Power Higher as Renewed Selloff in China Yuan Weighs on Sentiments
Renewed selloff in the Chinese Yuan weighs down sentiments across Asia and boosts the greenback today. USD/CHN breaks recent high at 6.912 to resume up trend. With that, China Shanghai SSE is trading down -2.31% at the time of writing....
Trump support dips among farmers as trade war wallops agriculture
Support for President Donald Trump among farmers has dipped as the trade war with China drags on, according to a Farm Journal Research survey published Tuesday. Trump received about 70 percent of farmers’ votes in the 2016 election but a...
Quick read: Thiam and the Credit Suisse revolution
1. Surrounded by doubters: from Prudential to Credit Suisse Tidjane Thiam’s appointment to Credit Suisse from Prudential in 2015 came under fire from day 1. But he’s never ducked a fight. Prudential’s shareholders had stopped him from buying AIA for...
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