As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors…

Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S. banking system. Total bank lending climbed by $10.4 billion to $12.13 trillion in the seven days ending May 17, the Federal Reserve reported Friday.…

© Reuters After-hours movers: GitLab surges on beat and raise, Mobileye falls on stock offering After-Hours Stock Movers: Gitlab Inc (NASDAQ:) 22% HIGHER; reported better-than-expected and higher guidance citing the AI revolution. Blue Bird (NASDAQ:) 9% LOWER; announced today that affiliates of Coliseum Capital Management LLC and American Securities LLC intend to…

Investing.com — Oil prices rose sharply in early Asian trade on Monday after Saudi Arabia pledged deep production cuts in July, while the Organization of Petroleum Exporting Countries and Allies agreed to extend supply cuts into 2024.  In a weekend OPEC+ meeting, Saudi Arabia said it will cut production by…

BUENOS AIRES (Reuters) – Argentina’s central bank purchased $451 million of foreign currency on Wednesday to bolster its dwindling hard currency reserves, after daily sales from farm exports topped $1 billion, providing some relief for the country’s hard-hit finances. The currency move on Wednesday marks the biggest such purchase since…

(Reuters) – New orders for U.S.-made goods rose for a second straight month in April, boosted largely by defense spending, but the overall manufacturing industry continued to struggle under the weight of higher interest rates. Factory orders increased 0.4% after a 0.6% gain in March, the Commerce Department said on…

Insurance companies have slightly lagged the market but rising interest rates bolster income. A s investors adjust to a new market era of higher interest rates, insurance companies slightly lagged the broader market in the last 12 months. The S&P Insurance Select Industry Index has lost nearly 1% in the…

As technology has improved over time, so have financial services. Embedded finance – financial services provided via non-financial platforms or apps – is another iteration of this journey, and it is playing out in real time throughout Asia’s financial ecosystem. Profitable opportunities abound for those able to capitalize on this…

Luxury vehicle maker JLR reported impressive numbers in its latest financial report after a few rocky years and some experts reckon sunlit uplands beckon. Some, but not all. Plans for the Jaguar brand are questioned, looming electrification will pose hurdles, while the lack of a Defender pick-up truck in the…

I’ve never been quite sure whether the phrase, “May you live in interesting times” is meant as a blessing or a curse. Regardless of your point of view, the first half of 2023 has been interesting, to say the least. Just after Memorial Day, we saw bankruptcy filings by Diebold…