Mortgage lenders have been squeezed by rising rates and falling volumes. Investors should be paying attention to when they push back. Home-lending rates in mid-May hit their highest level since 2009 on Freddie Mac‘s weekly US average of 30-year fixed-rate mortgages, at 5.3%. That is a climb of more than 2 percentage points since the … Read more
Klarna Bank AB is seeking to raise new funds that could value the fintech giant at almost a third less than the roughly $ 46 billion valuation it achieved just under a year ago, according to people familiar with the matter, an example of the struggles facing the tech investing world. Klarna specializes in buy-now-pay-later … Read more
To hold down a job these days, a worker seemingly needs one essential trait: a pulse. Some jobs have always required a little more than the ability to stay awake. In the tightest labor market in a half-century, people in higher functions may get by just going through the motions, too. “You’d have to be … Read more
Turkish President Recep Tayyip Erdogan holds a news conference during a NATO summit in Brussels, June 14, 2021. Photo: YVES HERMAN / REUTERS Every member of the North Atlantic Treaty Organization has enthusiastically welcomed Finland and Sweden except one: Turkey, which on Wednesday blocked an early vote to begin accession talks. For reasons that are … Read more
Text size Paramount + has about 62 million subscribers. Valerie Macon / AFP via Getty Images Older viewers love CBS, but I’m guessing that Warren Buffett didn’t just drop $ 2.6 billion on shares of network parent Paramount Global because he’s a big fan of NCIS: Hawaii. He might be betting that investors have got … Read more
With his professed concern about fake accounts on Twitter, TWTR -3.90% Elon Musk appears to be grasping at legal straws in an attempt to back out of his commitment to buy the social networking company for $ 54.20 a share, or at least to pay less for it. But his gambit has shined a light … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
President Biden welcomes leaders of several Asean member states to the White House, May 12. Photo: Adam Schultz / White House / Zuma Press The Biden administration rolled out the red carpet last week for leaders of eight of the 10 members of the Association of Southeast Asian Nations. Hosting what the White House described … Read more