Better mortgage spreads are still keeping home sales positive

More than 1.5 million homes across the UK could be declined for a standard mortgage by high street lenders because they fall outside traditional lending criteria, according to research from Together. The study estimates that around 6% of the UK’s 28 million residential properties would struggle to secure mainstream mortgage finance due to factors such…

A one-of-a-kind barn home surrounded by 72 rolling acres has been put on the market in the Berkshires for $4.5 million—complete with a spread of unique amenities and a rich architectural heritage. Located in Sheffield, MA, the exceptional legacy compound boasts a five-bedroom primary residence, a two-bedroom guesthouse, an in-ground pool, a gazebo, tennis courts,…

U.S. stock-index futures were little changed on Sunday, after new demands from Iran raised fresh doubts about the Strait of Hormuz reopening anytime soon and as investors await key inflation data later this week.

Rapid technological advances, fee compression, evolving client expectations and accelerating industry consolidation are reshaping how wealth management firms compete and grow. The pressure is real—Envestnet reports that advisors not charging for planning dropped from 28% in 2020 to 10% in 2023 —and McKinsey estimates a potential shortfall of 100,000 advisors by 2034, as more seasoned…

In the latest big-ticket deal in the pharmaceutical industry, Vertex Pharmaceuticals (VRTX 1.31%) and Crinetics Pharmaceuticals (CRNX +98.74%) announced in a joint press release that Vertex is acquiring Crinetics. This won’t come cheap, to put it mildly; it’s a premium-priced deal that will cost billions of dollars. Here’s a look at whether that’s likely to…