President Donald Trump over the weekend slipped a missive into a Truth Social post that may well change the way many consumers buy a home—but experts are not sold on the idea. On Nov. 8, the President announced the proposal in a post titled “Great American Presidents,” which included the words “50-year mortgage” above a photo of himself and “30-year mortgage” over a photo of President Franklin D. Roosevelt. In response, the head of the Federal Housing Finance Agency, Bill Pulte, said the agency would consider the matter, calling the President’s tacit proposal a “complete game changer” for affordability. A 50-year mortgage…
Author: usaeverydaylife
Richard Nuttal from Philippine Airlines also talks about fleet expansion and supply chain issues, as well as how the carrier navigates weather disruptions, given typhoons and storms in the region. Source link
Private equity firms are facing a new reality: a growing crop of companies that can neither thrive nor die, lingering in portfolios like the undead. These so-called “zombie companies” refer to businesses that aren’t growing, barely generate enough cash to service debt and are unable to attract buyers even at a discount. They are usually trapped on a fund’s balance sheet beyond its expected holding period. “Now, as interest rates were rising, people felt they were stuck with businesses that were slightly worthless, but they couldn’t really sell them … So you are in this awful situation where people throw around…
A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025. Nathan Howard | ReutersAmerican importers say that if the Supreme Court rules that the money they paid for President Donald Trump’s tariffs must be refunded to them, it would be relatively simple to do and not the “mess” that some have claimed it would be.Importers pointed to U.S. Customs paperwork…
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.In its earnings statement released Tuesday, the Japanese group said that it had sold 32.1 million Nvidia shares in October for $5.83 billion.At first blush, this could be read as a sign that Nvidia’s high valuations…
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.I-hwa Cheng | AFP | Getty ImagesFoxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.Here’s how Foxconn did in the September quarter compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expectedNet profit: NT$57.67 billion vs. NT$50.41 billionFoxconn, formally known as Hon Hai Precision Industry, is best known as the world’s largest manufacturer of Apple’s…
Gan Kim Yong, Singapore’s deputy prime minister, during a panel session, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty ImagesDespite rising trade tensions, Singapore still wants to push ahead with a “multilateral, rules-based trading system,” and sees further cooperation between ASEAN and the European Union.This was according to Deputy Prime Minister Gan Kim Yong, who spoke at the Singapore Fintech Festival on Wednesday.Gan, who is also Singapore’s minister for trade and industry, said in a fireside chat with DBS CEO Tan Su Shan that “if we are able to…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchLast Friday brought investors in Rightmove a new and unwelcome experience — a violent stock price correction.Shares of the U.K.’s biggest property portal, which hit a record in late July, fell by 28% at one point before finishing 12.5% lower, clipping nearly £634 million ($833.4 million) from Rightmove’s stock market valuation.The sell-off followed a trading update in which the former stock market darling, which accounts for more than 70% of all consumer time spent on U.K. property portals, pledged to hike spending on…
European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week. Source link
Blue Whale Capital’s Stephen Yiu is positioning for further upside in gold despite the recent price pullback, and has named the world’s largest gold miner Newmont as a key portfolio pick. Yiu, chief investment officer of the Blue Whale Growth Fund, on Tuesday acknowledged that the firm could be “a bit late to the party” on gold. But he added that lingering macroeconomic concerns — namely around the U.S. fiscal deficit , as well as the dollar potentially losing its global reserve currency status — could further fuel the precious metal’s momentum into next year. “We do think that, as…
