Share to Twitter Share to Linkedin Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Key Facts The number of housing starts, or new houses on which construction has started, fell 2% to about 1.56 million last month despite average economic projections calling for an increase of 1.4%, the Census Bureau reported Tuesday. Building permits were slightly above expectations, coming in at less than 1.7 million, but fell from May and are down from about 1.8 million in April. In emailed comments after the release, LPL Financial chief economist Jeffrey Roach said housing starts declined because demand is “quickly drying up” from higher borrowing costs as the Federal Reserve raises interest rates, though he … [Read more...] about New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up
Bear market investment strategy
Share to Twitter Share to Linkedin Britain’s Prime Minister Boris Johnson on July 29, 2019. (Jeff J Mitchell / Pool via AP) ASSOCIATED PRESS Sterling slumped to a 28-month low against the U.S. dollar as the government of Boris Johnson increased the rhetoric on Brexit suggesting a “no-deal" Brexit is increasingly likely. At 7:31 p.m. BST (2:31 p.m. EST) the level of Sterling Dollar (GBPUSD) had fallen to 1.2226, a decline of 1.25% on the day. Given GBPUSD closed on June 22, 2016 (the day before the EU referendum) at 1.4708 when the U.K. voted to leave the EU, Sterling has declined by 16.88% against the U.S. dollar since then. To emphasize the point, since Johnson became prime minister on July 24, Sterling is the worst-performing currency in the world. Against a basket of global currencies, the Sterling Index has fallen by 2.13%. Be in no doubt, Sterling is highly likely to book further declines as the sentiment in the market would appear to be … [Read more...] about Sterling Slumps As The Boris Brexit Plan Shocks The Market
Cryptocurrency is a kind of digital asset intended to be used as a means of trade in the digital world. A cryptocurrency’s transactions are secured and verified using cryptography. The generation of new units of a specific cryptocurrency is also controlled using encryption. According to the classification system, cryptocurrencies are classed as a subset of digital currencies and a subset of alternative currencies and virtual currencies. According to Bitcode ai , British Bitcoin Profit System is a piece of web-based software that enables users to invest in bitcoins. Traders may use this trading strategy to generate income from fluctuations in the value of cryptocurrencies such as bitcoin and Ethereum. BitConnect outlines what British Bitcoin Profit trading bot works in general, and you may examine British Bitcoin Profit System, in particular, to evaluate if it is a legit and safe platform . Reasons Why British Bitcoin Profit is a Legit Trading System It Has … [Read more...] about Cryptocurrency Investment With British Bitcoin Profit System – Legit Or Scam?
Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta ● Tue, August 9, 2022 Favorable geographic and economic features, if utilized properly, can give Indonesia a competitive edge in the region as the country vies for investment at a time of global uncertainty, says the International Finance Corporation (IFC). IFC regional director for East Asia and the Pacific Kim-See Lim told The Jakarta Post on Monday that Indonesia was blessed with natural resources and a huge population, both of which were essential for industry to flourish. The biggest opportunity for Indonesia now was electric vehicles, she said, pointing to the country’s ample nickel reserves to make lithium batteries, a huge market to be converted to electric vehicles, and many industrial parks. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged … [Read more...] about Indonesia has what it takes to compete for investment: IFC
- A + A (Aug 10): Talk that SoftBank Group Corp would be better off as a private company has re-surfaced after the Japanese investment powerhouse posted a record US$23 billion loss. SoftBank has evolved rapidly over the last ten years from a telecom company and strategic investor to the world’s biggest pool of tech capital. It’ll look even more like a pure investment house as it continues to buy back its own stock and sell or pare assets, including its stake in Alibaba Group Holding Ltd. “There is little reason to be listed on the stock market,” SMBC Nikko analyst Satoru Kikuchi wrote. “We think changes in the very form of the company, for example an MBO, could be coming in the not-too-distant future.” SoftBank founder Masayoshi Son — the company’s top shareholder with a near-28% stake as of end-March — has debated the idea of going private with his inner circle for at least five years. When SoftBank’s shares tumbled in 2020 at the outset of the coronavirus … [Read more...] about SoftBank buyout talk resurfaces after record loss piques market
Share to Twitter Share to Linkedin Vice Chairman of Red Hook Capital family of funds such as KenetiK Capital LLC for leverage buyout and RHC 21 for co-investing in funds. The number one priority for most entrepreneurs and early-stage startup founders is finding a way to fund their business idea. Identifying and securing investment dollars is the make or break stage for most startups, and working with the right investor is critical to success. Once your business plan is buttoned up and you’re ready to meet with potential investors to pitch your idea, it’s time to identify the best type of investor. There are several different investment buckets with different risk levels associated with each. Make sure you’re working with the right level of investor—someone who has the correct level of institutional knowledge—or risk losing time and money. To help navigate the investment scene for early stage startups, I break the many investor types into different … [Read more...] about How To Identify The Right Source Of Investment For Your Startup
- A + A (Aug 9): Micron Technology Inc said it will use “anticipated” government grants and credits to help it invest US$40 billion by the end of the decade to build out US semiconductor manufacturing capacity. The company expects to begin to produce chips after 2025 and said it will create as many as 40,000 jobs, the Boise, Idaho-based memory manufacturer said in a statement on Tuesday. The investment is being funded with subsidies it believes it will be awarded from the Chips and Science Act, Micron said. The spending plan is part of the company’s previously announced US$150 billion global investment goal, which it detailed last year. President Joe Biden is expected to sign the chips act into law on Tuesday as part of a package of spending and tax reforms. Most of Micron’s production is done in Japan, Singapore and Taiwan. “Micron’s domestic leading-edge manufacturing capabilities will ensure US national security and supply chain resilience as demand for memory … [Read more...] about Micron to invest US$40b by 2030 to build US memory plants
Arsenio Balisacan MANILA, Philippines — As more senior citizens have ventured back to the job market due to the harder times wrought by the high prices of food and other basic services, the country’s chief economist on Tuesday urged the private sector to provide them with opportunities and training so they could adapt to potential employment especially in the digital space and in agriculture. “Our institutions, our practices, our regulations have to evolve and respond with the changing times. Life expectancy has been increasing in many societies, including us [in the Philippines]… In countries like Japan or South Korea where life expectancy has increased, the society has opened up opportunities for the age-old members of their population,” Socioeconomic Planning Secretary Arsenio Balisacan noted in a press briefing on Tuesday. Balisacan, who heads the state planning agency National Economic and Development Authority (Neda), said the Philippines would have to follow suit in … [Read more...] about Neda chief: Hire more seniors; PH job market must evolve
Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?