Bonds weathered the 3-day weekend without issue. We started the day modestly stronger, but have moved back closer to unchanged levels in the first 2 hours. The day’s only big-ticket (or semi-big-ticket?) econ data was the ISM Services index, but admittedly, that has more of an impact when it’s released BEFORE the jobs report. Moreover, […]
Titan Company said its consumer businesses grew about 41% year-on-year in the June quarter, helped by strong jewellery demand, store expansion and a sharp rise in its international business. The Tata Group company added 77 stores on a net basis during Q1FY27, taking its total retail network to 3,680 stores as of June 2026. The […]
The S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season. Broadcom jumped after the chipmaker and Apple agreed to extend a deal through 2031 to develop and supply […]
Uneventful Summertime Monday 1 Hour, 44 Min ago Uneventful Summertime Monday Volume and–sometimes–volatility can be generally lower in the middle of the summertime months as fewer traders are consistently at bond desks–especially on days adjacent to 3-day holiday weekends. Today was a classic example. Bonds barely budged and volume is on track […]
Better will pay millions of dollars to hundreds of current and former underwriters to settle a lawsuit over unpaid wages. Processing Content Attorneys for aggrieved employees filed a motion for preliminary approval of the settlement last week, a deal which will cover 211 opt-in plaintiffs. The lender will issue a total of $7.1 million, although […]
Demetria C. Lester Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than 10 years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A […]
Enbridge (ENB 1.13%) has increased its dividend annually, in Canadian dollars, for 31 consecutive years. The dividend yield is currently a lofty 5%. If you buy this North American midstream energy giant, you are setting yourself up for years of reliable and growing dividends. But there’s an important nuance you need to understand before you […]
An Israel-based development firm is preparing to put the finishing touches on a massive multifamily complex a dozen miles north of Manhattan. Azorim landed $69 million in construction financing from Western Alliance Bank for the fourth and final building of Mizora at Ridge Hill in Yonkers, the Commercial Observer reported. This component of the master-planned […]
Present Committee members: David Roberts, ChairAndrew Bailey, GovernorSarah Breeden, Deputy Governor – Financial StabilityClare Lombardelli, Deputy Governor – Monetary PolicySir Dave Ramsden, Deputy Governor – Markets & BankingSam Woods, Deputy Governor – Prudential RegulationJonathan BewesSabine ChalmersLord Jitesh GadhiaDame Anne GloverDiana NobleTom Shropshire In attendance: Sarah John, Chief Operating Officer Secretary: Sebastian Walsh, Secretary of the […]
American consumers are increasingly pessimistic about their job prospects, according to new Conference Board data. The June installment of the board’s Employment Trends Index (ETI), released Monday (July 6) showed that the share of consumers who reported that “jobs are hard to get” climbed to 22.5% last month, its highest level since January 2021. Meanwhile, […]