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JPMorgan economist says China’s housing market crash is still not over
China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding…
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Concern over housing costs hits record high across rich nations
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Municipal Electric Authority of Georgia to sell $373 million in bonds
The Municipal Electric Authority of Georgia’s $373 million of subordinated bonds are scheduled to price on Sept. 5. The bonds are rated A2 by Moody’s Ratings and A-minus by both S&P Global Ratings and Fitch Ratings. The ratings have stable outlooks. BofA Securities will serve as senior manager and Goldman Sachs and Wells Fargo Securities…
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UK to halt exports of some arms to Israel citing possible law breaches
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California lawmaker offers municipal bond solution to insurance crisis
A proposal to help solve California’s property insurance crisis would tap the bond markets and could involve billions of dollars in debt issuance. The debt would be issued through the California Infrastructure and Economic Development Bank. Assembly Bill 2996 authored by Assemblymember David Alvarez, D-San Diego, would help stabilize the insurance marketplace by bolstering the…
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Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 21% higher
Rupert Murdoch, chairman emeritus of media empire News Corp. Axelle/bauer-griffin | Filmmagic | Getty Images LONDON — Rupert Murdoch-owned REA Group said Monday it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property listings company, which is controlled by Murdoch’s…
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Alternative for Germany wins its first regional election
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July PCE reading bolsters outlook for Fed rate cut
Federal Reserve chair Jerome Powell said in a speech in Jackson Hole, Wyo., in August that inflation has been cooling to the point where the central bank is willing to cut the Federal Funds Rate for the first time in four years. Bloomberg News Inflation continued to show signs of easing in the Federal Reserve’s…
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Israel retrieves bodies of six hostages, including US citizen
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Top Wall Street analysts are bullish on these 3 dividend-paying stocks
In this article ET WMT EPR Follow your favorite stocksCREATE FREE ACCOUNT The Walmart logo is seen at one of its stores in Miami on May 2, 2024. Jakub Porzycki | Nurphoto | Getty Images With the Federal Reserve expected to cut interest rates in September, dividend-paying stocks could be set to outperform. That is…
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Mortgage rates are falling, improving home buying conditions. Here’s what to know before you act
The Good Brigade | Digitalvision | Getty Images Despite being a hallmark of the American Dream, buying a home is less affordable for many these days. Higher mortgage rates and a shortage of houses on the market relative to demand have kept prices elevated and created a financial crunch for many would-be buyers. The median…
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August issuance hits record at nearly $50 billion
August saw an increase in supply for the eighth consecutive month as pent-up demand and front-loaded issuance led issuers to tap the capital markets, leading to the highest monthly total volume for August on record. August’s volume reached $49.174 billion in 873 issues, up 25% from $39.33 billion in 827 issues in 2023. August’s total…
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Kamala Harris versus the media
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Outlook for LAWA’s people mover PABs revised to positive by Fitch
Fitch Ratings revised the outlook to positive from negative on $1.2 billion in private-activity bonds issued to pay for Los Angeles World Airport’s people mover project. Fitch also affirmed the BB-plus rating on the two series of senior lien revenue bonds issued through the California Municipal Finance Authority for LINXS, the consortium of private companies…
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Friday’s big stock stories: What’s likely to move the market in the next trading session
Traders work on the floor of the New York Stock Exchange during morning trading on August 23, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it…
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The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rent
Vm | E+ | Getty Images Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry…
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Big Oil calls on Kamala Harris to come clean on her energy and climate plans
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South Carolina Transportation Infrastructure Bank upgraded to Aa2 by Moody’s
The South Carolina Transportation Infrastructure Bank’s revenue bonds were upgraded to Aa2 from Aa3 by Moody’s Ratings, following a change in the rating agency’s methodology. It was one of 225 credits Moody’s placed on review for possible upgrade July 25 when it released a revised rating methodology for “certain debt instruments supported by a pledge…
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Sotheby’s earnings plunge as art market catches a chill
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Fixation on primary market expected to continue as issuance grows
Municipals were little changed Friday ahead of the holiday weekend as U.S. Treasuries lost ground while stocks rallied. Triple-A yields closed the week little changed while USTs saw yields rise three to five basis points. The two-year muni-to-Treasury ratio Friday was at 63%, the three-year at 64%, the five-year at 65%, the 10-year at 69%…
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