Key PointsBetter Home & Finance stock gained 256% over the past year, but it may take something like a rapid housing market recovery to drive another banner year for the mortgage origination company.
Key PointsBetter Home & Finance stock gained 256% over the past year, but it may take something like a rapid housing market recovery to drive another banner year for the mortgage origination company.
Thanks, but maybe no thanks? Donald Trump this week quickly pushed aside alleged drug trafficking in favor of oil revenue as his main reason for launching a surprise attack on Venezuela and renditioning President Nicolas Maduro. The US president has repeatedly pledged that oil majors would be stepping over each other for a piece of the action. But they aren’t that excited . Trump convened almost 2...
Thanks, but maybe no thanks? Donald Trump this week quickly pushed aside alleged drug trafficking in favor of oil revenue as his main reason for launching a surprise attack on Venezuela and renditioning President Nicolas Maduro. The US president has repeatedly pledged that oil majors would be stepping over each other for a piece of the action. But they aren’t that excited . Trump convened almost 20 industry representatives at the White House Friday, predicting they could come to an agreement “today or very shortly thereafter” to restart operations in the oil-rich country. But the executives expressed caution about reentering the impoverished South American nation, let alone spending the $100 billion it might take to revive its oil production. Exxon Mobil Chief Executive Officer Darren Woods, for example, said Venezuela is currently “ uninvestible .” What You Need to Know Today US employers added fewer jobs than expected in December, with nonfarm payrolls increasing 50,000 after downward revisions to the prior two months, according to the Trump Administration. The unemployment rate edged down to 4.4%, settling back after the record-long government shutdown, according to data from the Bureau of Labor Statistics, an arm of the Labor Department. But all in all, 2025 was the worst year for American workers since the year Covid-19 arrived. US inflation expectations rose in December while perceptions of job availability were the worst in at least 12.5 years , according to a monthly survey from the Federal Reserve Bank of New York. The December data also suggest the labor market remained fragile at the end of the year, and the outlook for hiring is guarded. Economists see another year of limited job opportunities and cooling pay gains, likely exacerbating voters’ affordability concerns going into this year’s midterm elections. The jobs report is telling the “same kind of story we’ve been seeing from all the other data, which is it’s a labor market that’s weakening,” said Be...
Amazon could be taking another, even bigger swing at physical stores, this time with a Walmart-like supercenter. On Tuesday, the Orland Park Plan Commission in the Chicago suburb Orland Park, Illinois voted 6-1 to approve Amazon's proposal to develop 35 acres of land for a 229,000-square foot retail center, as reported by The Information . The development would include a brick-and-mortar supercent...
Amazon could be taking another, even bigger swing at physical stores, this time with a Walmart-like supercenter. On Tuesday, the Orland Park Plan Commission in the Chicago suburb Orland Park, Illinois voted 6-1 to approve Amazon's proposal to develop 35 acres of land for a 229,000-square foot retail center, as reported by The Information . The development would include a brick-and-mortar supercenter selling groceries, general merchandise, and prepared foods. It would also double as an Amazon fulfillment center, like a department store with an Amazon warehouse in back. Customers would be able to pick up Amazon orders there, as well. The pr … Read the full story at The Verge.
Meghan Robson, head of US credit strategy at BNP Paribas discusses the credit market and Sacs bond slump in an interview with Scarlet Fu on "Real Yield." (Source: Bloomberg)
Meghan Robson, head of US credit strategy at BNP Paribas discusses the credit market and Sacs bond slump in an interview with Scarlet Fu on "Real Yield." (Source: Bloomberg)
In a symbolic fresh start, the new Legislative Council has elected Starry Lee Wai-king as its president. The veteran lawmaker is experienced in rules and procedures and can preserve continuity while fostering change. Even so, the tasks ahead of her are daunting. How to cooperate closely with the executive branch and enhance “all-patriots” governance without compromising the constitutional function...
In a symbolic fresh start, the new Legislative Council has elected Starry Lee Wai-king as its president. The veteran lawmaker is experienced in rules and procedures and can preserve continuity while fostering change. Even so, the tasks ahead of her are daunting. How to cooperate closely with the executive branch and enhance “all-patriots” governance without compromising the constitutional functions of the legislature under the Basic Law will put her to the test. The Democratic Alliance for the...