Ethiopia and Eritrea are deploying troops and military equipment to the northern Tigray region, raising the risk of renewed conflict in the Horn of Africa. Bloomberg's Simon Marks spoke to Horizons Middle East and Africa anchor Joumanna Bercetche about the latest. (Source: Bloomberg)
Ethiopia and Eritrea are deploying troops and military equipment to the northern Tigray region, raising the risk of renewed conflict in the Horn of Africa. Bloomberg's Simon Marks spoke to Horizons Middle East and Africa anchor Joumanna Bercetche about the latest. (Source: Bloomberg)
Negotiations between Ukraine and Russia have made limited progress so far Defence ministers of the E5 grouping – France, Germany, Italy, Poland and the United Kingdom – are meeting in the Polish city of Kraków this morning. They will be joined by their Ukrainian counterpart, Mykhailo Fedorov, the EU’s top diplomat, Kaja Kallas , and Nato’s deputy secretary general Radmila Šekerinska. Continue read...
Negotiations between Ukraine and Russia have made limited progress so far Defence ministers of the E5 grouping – France, Germany, Italy, Poland and the United Kingdom – are meeting in the Polish city of Kraków this morning. They will be joined by their Ukrainian counterpart, Mykhailo Fedorov, the EU’s top diplomat, Kaja Kallas , and Nato’s deputy secretary general Radmila Šekerinska. Continue reading...
stanciuc/iStock via Getty Images By Monika Carlson and Charlie Choi A strong housing market and supportive federal policy could benefit US mortgage-backed securities. It can sometimes be hard to tell whether the US housing market is hot or cold. Currently, existing-home inventory is tight and prices are stable—indicators of a hot market—while sales volume is down and home price appreciation has sl...
stanciuc/iStock via Getty Images By Monika Carlson and Charlie Choi A strong housing market and supportive federal policy could benefit US mortgage-backed securities. It can sometimes be hard to tell whether the US housing market is hot or cold. Currently, existing-home inventory is tight and prices are stable—indicators of a hot market—while sales volume is down and home price appreciation has slowed. So, what’s the temperature? We believe the housing market is solid, and a confluence of market forces and public policy should support mortgage-backed securities (MBS). Public Policy Could Increase Demand for Agency Mortgages The potential catalysts for MBS begin with housing initiatives coming from the White House. In an effort to lower mortgage rates, President Trump in January ordered government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to purchase $200 billion of agency MBS. These securities’ spreads—their yield advantage over Treasuries—soon tightened. But the spillover effect has yet to fully reach related sectors. For now, the spread between non agency and agency MBS is hovering above its historical average ( Display ). Over time, we expect non agency spreads to tighten as investors capitalize on this dislocation. In fact, non-agency MBS have some upside potential, in our view. The administration also has floated other ideas aimed at lowering mortgage rates and making homebuying more accessible. These include introducing mortgage prepayment penalties, allowing borrowers to transfer an existing mortgage to a different residence, permitting retirement funds to be used for home purchases, and increasing the capital gains exclusion for home sales. If implemented, these initiatives could provide a tailwind to the housing market and, by extension, MBS. But we question how much housing policy will improve affordability—largely due to the so-called “lock-in” effect. Many homeowners are staying put because they locked in mortgages with ultra low fixed rate...
Ousted South Korean president Yoon Suk-yeol on Friday remained defiant in his first reaction to a life sentence for rebellion handed down by a Seoul court the previous day. In a statement released by his lawyers, Yoon maintained that his abrupt and short-lived declaration of martial law in December 2024 was done “solely for the sake of the nation and our people”, and dismissed the Seoul Central Di...
Ousted South Korean president Yoon Suk-yeol on Friday remained defiant in his first reaction to a life sentence for rebellion handed down by a Seoul court the previous day. In a statement released by his lawyers, Yoon maintained that his abrupt and short-lived declaration of martial law in December 2024 was done “solely for the sake of the nation and our people”, and dismissed the Seoul Central District Court as biased against him. Yoon, who was removed from office amid a political crisis set...
Jane Foley, head of FX strategy at Rabobank, speaks on Bloomberg Television about the dollar which is poised to notch its best week in four months as traders pare back expectations for Federal Reserve interest-rate cuts while geopolitical risks boost the currency’s haven appeal. (Source: Bloomberg)
Jane Foley, head of FX strategy at Rabobank, speaks on Bloomberg Television about the dollar which is poised to notch its best week in four months as traders pare back expectations for Federal Reserve interest-rate cuts while geopolitical risks boost the currency’s haven appeal. (Source: Bloomberg)
Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among billionaire David Tepper’s 10 favorite stocks. On February 4, Benchmark reaffirmed its Buy rating and $325 price target for Advanced Micro Devices, Inc. (NASDAQ:AMD), citing the company’s growing prominence in the AI industry. Analyst Cody Acree was optimistic about AMD’s “strong record results” and “attractive outlook,” citing the […]
Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among billionaire David Tepper’s 10 favorite stocks. On February 4, Benchmark reaffirmed its Buy rating and $325 price target for Advanced Micro Devices, Inc. (NASDAQ:AMD), citing the company’s growing prominence in the AI industry. Analyst Cody Acree was optimistic about AMD’s “strong record results” and “attractive outlook,” citing the […]
JD.com, Inc. (NASDAQ:JD) ranks among billionaire David Tepper’s 10 favorite stocks. On January 26, BofA Securities lowered its price target for JD.com, Inc. (NASDAQ:JD) to $36 from $38, but maintained a Buy rating on the e-commerce giant. The revision came as BofA analyst Joyce Ju issued projections for JD.com’s fourth-quarter 2025 earnings report, with total […]
JD.com, Inc. (NASDAQ:JD) ranks among billionaire David Tepper’s 10 favorite stocks. On January 26, BofA Securities lowered its price target for JD.com, Inc. (NASDAQ:JD) to $36 from $38, but maintained a Buy rating on the e-commerce giant. The revision came as BofA analyst Joyce Ju issued projections for JD.com’s fourth-quarter 2025 earnings report, with total […]
Microsoft Corporation (NASDAQ:MSFT) ranks among billionaire David Tepper’s 10 favorite stocks. Microsoft Corporation (NASDAQ:MSFT) reported its fiscal Q2 2026 earnings on January 28, with total revenue up 17%, driven by strong demand for its cloud services and AI programs. On an adjusted basis, profitability also exceeded expectations, with adjusted EPS of $4.14 versus the projected […]
Microsoft Corporation (NASDAQ:MSFT) ranks among billionaire David Tepper’s 10 favorite stocks. Microsoft Corporation (NASDAQ:MSFT) reported its fiscal Q2 2026 earnings on January 28, with total revenue up 17%, driven by strong demand for its cloud services and AI programs. On an adjusted basis, profitability also exceeded expectations, with adjusted EPS of $4.14 versus the projected […]
Meta Platforms, Inc. (NASDAQ:META) ranks among billionaire David Tepper’s 10 favorite stocks. On February 3, Meta Platforms, Inc. (NASDAQ:META) reported strong financial results for the fourth quarter of 2025, with earnings per share of $8.88 exceeding the projected $8.19. Meanwhile, revenue came in at $59.9 billion, exceeding the expected $58.35 billion. Record Christmas traffic and […]
Meta Platforms, Inc. (NASDAQ:META) ranks among billionaire David Tepper’s 10 favorite stocks. On February 3, Meta Platforms, Inc. (NASDAQ:META) reported strong financial results for the fourth quarter of 2025, with earnings per share of $8.88 exceeding the projected $8.19. Meanwhile, revenue came in at $59.9 billion, exceeding the expected $58.35 billion. Record Christmas traffic and […]
Alphabet Inc. (NASDAQ:GOOGL) ranks among billionaire David Tepper’s 10 favorite stocks. Following the company’s solid fourth-quarter results, Canaccord Genuity raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $415 from $390 on February 5, maintaining a Buy rating on the shares. The tech giant announced total revenue that was about 2% higher than expected, owing […]
Alphabet Inc. (NASDAQ:GOOGL) ranks among billionaire David Tepper’s 10 favorite stocks. Following the company’s solid fourth-quarter results, Canaccord Genuity raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $415 from $390 on February 5, maintaining a Buy rating on the shares. The tech giant announced total revenue that was about 2% higher than expected, owing […]
Amazon.com, Inc. (NASDAQ:AMZN) ranks among billionaire David Tepper’s 10 favorite stocks. Benchmark reduced its price target for Amazon.com, Inc. (NASDAQ:AMZN) to $275 from $295 on February 6, but maintained a Buy rating on the tech giant. The drop follows Amazon’s recent earnings report, which included plans to invest $200 billion in capital expenditure this year, […]
Amazon.com, Inc. (NASDAQ:AMZN) ranks among billionaire David Tepper’s 10 favorite stocks. Benchmark reduced its price target for Amazon.com, Inc. (NASDAQ:AMZN) to $275 from $295 on February 6, but maintained a Buy rating on the tech giant. The drop follows Amazon’s recent earnings report, which included plans to invest $200 billion in capital expenditure this year, […]