Amazon’s stock drops — even in the face of a bold new cloud forecast
Modest AWS results and weak advertising growth left Wall Street disappointed in Amazon’s third-quarter earnings
Modest AWS results and weak advertising growth left Wall Street disappointed in Amazon’s third-quarter earnings
Foundation has refreshed its product transfer products across both buy-to-let (BTL) and residential ranges. The changes include selected reductions on BTL product transfers by up to 0.30% across F2 five-year fixed MPOTs and F3 two-year fixed products. The lender will also introduce two- and five-year fixed HMO, large HMO and two-year fixed MPOT product options….
Formula 1 has transformed into one of the world’s fastest-growing sports properties, reaching a global fanbase of more than 830 million people, a 12% year-on-year increase. For brokers, the opportunity goes beyond brand visibility, with partnerships increasingly becoming platforms for fan engagement and brand activation. The trend is particularly evident within the Forex and CFD…
TikTok is full of chartists performing technical analysis. Investment banks used to employ them. Robert Edwards’s and John Magee’s Technical Analysis of Stock Trends, a book first released in 1948, is still going strong with its eleventh edition. It is considered by some to be the Bible of the discipline, yet today, an aspiring graduate…
Prior was 4.09m (revised to 4.13m) Sales -1.7% vs -2.4% prior (revised to -1.4%) Home prices +2.0% y/y Median price $434,100 Inventory at 4.6 months vs 4.6 months prior The housing market is in a steady state that isn’t helped by high mortgage rates due to rising Treasury yields. There is some steady growth in…
Munis were mixed on Friday, as U.S. Treasuries cheapened and equities ended mixed. Processing Content Tax-exempt issuance for the week of Aug. 17 is projected to be nearly double the same week last year, J.P. Morgan analysts, led by Peter DeGroot, wrote. Next week will be a “record week for [alternative minimum tax] offerings,” the…
Mortgage-backed securities are seeing greater interest and just got a vote of confidence from the largest sovereign wealth fund. The Norges Bank Investment Management (NBIM), which oversees Norway’s $2.3 trillion sovereign wealth fund, proposed cutting its government bond allocation and rotating into mortgage-backed securities (MBS). This shift to MBS will result in the NBIM trimming…