Federal Reserve Chair Jerome Powell said Thursday that the economy may be entering a period of more volatile inflation and more regular supply shocks relative to recent decades, in which inflation and unemployment remained low. Powell reflected Wednesday on “the possibility that inflation could be more volatile going forward than during the inter-crisis period of […]
As California continues to grapple with its long-standing housing affordability crisis, a new bill is proposing a novel solution: put a pause on changes to the state’s building code. Assembly Bill 306, introduced by Assemblymember Nick Schultz of Burbank, seeks to freeze the current building standards through at least 2031. These standards, which dictate everything
California Considers Freezing Building Code to Tackle Housing Costs Read More »
What happens to mortgage rates with more trade deals?If we avoid a recession, mortgage rates could stay elevated. What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this morning and bond yields have
How Trade Deals Could Shape Mortgage Rates in 2025 Read More »
An “ultimate money printer” sounds very desirable in these times — or in any time, really. To combat financial friction due to heightened tariffs on goods and the declining value of the U.S. dollar, personal finance guru Graham Stephan said many investors are turning to one thing. Read on to find out what that investment
Graham Stephan Calls Gold the ‘Ultimate Money Printer’ Amid Economic Uncertainty Read More »
Nancy Pelosi‘s investments over 11 years have outperformed the ‘Oracle of Omaha’, Warren Buffett‘s Berkshire Hathaway Inc. (BRK), with gains that are more than double the latter’s performance. What Happened According to the data from Quiver Quantitative, Pelosi’s investments have fetched her gains of 692.75% since May 16, 2014. This is an aggregate of the
Nancy Pelosi’s Stock Gains Outpace Warren Buffett’s Over Past 11 Years Read More »
Warren Buffett said Saturday that he will step down as the head of Berkshire Hathaway (BRK.A) at the end of this year, ending a storied investing career that saw him beat the market year after year and earned him the nickname “Oracle of Omaha.” Buffett, Berkshire’s CEO and chairman, said he will recommend to the
Warren Buffett to Step Down as CEO of Berkshire Hathaway by Year’s End Read More »
The S&P 500 just notched its longest winning streak in more than 20 years. After climbing for nine straight sessions and gaining 10%, it has now erased all the losses suffered since April 2 — the day President Donald Trump launched his global trade war. But as the article puts it: “The question is why.”
Wall Street Rides a Retail-Driven Rally, But Storm Clouds Linger Read More »
Homebuyers are retreating once more, with mortgage demand falling even as rates remained relatively stable last week. “Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week,” according to the Mortgage Bankers Association’s seasonally adjusted index. The report noted that “volume was just 3% higher than the same
Homebuyers Back Off as Mortgage Applications Drop Amid Economic Jitters Read More »
Mortgage rates dipped again on Thursday, marking the second consecutive week of modest declines, but they continued lingering in the elevated upper-6% range against the backdrop of economic uncertainty. The average rate on 30-year fixed home loans edged down to 6.76% for the week ending May 1, retreating from 6.81% the previous week, according to
Mortgage Rates Ease Slightly but Remain Elevated Amid Market Uncertainty Read More »
The US stock market has been on a rollercoaster during President Donald Trump’s second term. The S&P 500 posted its third-worst 100-day start to a presidential term in US history, only behind Gerald Ford and Richard Nixon. The S&P 500 initially surged after Trump’s reelection in November on expectations for a pro-business boom. Yet as
S&P 500 Under Pressure: Trump’s Second Term Marks Historic Volatility Read More »
