There were almost half a million more home sellers than buyers in the U.S. in June, equal to 48.5% more. That means buyers hold the negotiating power. The number of homes listed for sale hit its highest level since 2020–but more buyers entered the market, too, which is why the seller-buyer gap didn’t change much…
Munis were little changed Tuesday as U.S. Treasuries firmed and equities ended higher after a cooler-than-expected inflation print. Processing Content Muni yields were changed up to two basis points, depending on the curve, while UST yields fell two to 10 basis points, with the largest gains on the front end. Munis were fairly stable, but…
South Korea’s AI-fueled stock boom is turning into a cautionary tale of what happens when leverage becomes a more powerful market force than the fundamentals. SK Hynix Inc.’s record 15% plunge Monday compelled managers of leveraged products tied to the country’s chipmakers to sell billions of dollars of stock, transforming what began as a global…
Offr, a digital buying platform backed by Barclays, has partnered with website specialist PropertyStream to launch Transact, a white-labelled platform that enables estate agents to manage property transactions from initial enquiry to completion within their own branded websites. The joint venture claims to offer an integrated response to the government’s consultation on digital reforms to…
Makkar was first registered as a submortgage broker in October 2013. In October 2021, she renewed her registration under Centum Mortgage Solution (1183335 B.C. Ltd.) in British Columbia. On or about January 23, 2023, Centum Mortgage Solutions shut down operations and terminated its brokerage licence. Two days later, BCFSA notified Makkar by email that she…
Fund houses saw strong equity inflows in June as easing geopolitical tensions, softer oil prices and resilient domestic macros supported sentiment. Money managers leaned into large-caps, which are trading below historical averages, while selectively adding small-caps with earnings visibility. Private banks were a clear favourite, with HDFC Bank, Axis Bank and Bajaj Finance consistently bought…
To celebrate South Asian Heritage Month, Mortgage Solutions spoke to mortgage professionals about their heritage, culture and ethnic background – and how it formed who they are today. This week, we spoke to Gurpreet Chahal (pictured), strategic key relationship manager at L&G’s Mortgage Club business. He is also a co-founder of SAMPAN – the…
Oil Rises After US-Iran Hostilities Disrupt Key Energy Targets and Supply Market Impact and Geopolitical Developments By Helen Clark Oil Price Movements and Trading Activity PERTH, July 15 (Reuters) – Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in…
PERTH: Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region. For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on…
A newly released standard for QR code payments could make it easier for consumers and merchants to use instant payments, says the Accredited Standards Committee X9 Inc. X9 is a nonprofit organization that develops and maintains national and international standards for the financial-services industry. The new standard, officially called X9.150, Merchant-Presented QR Codes for Secure…