Tag: research

Mortgage rates remain essentially unchanged despite stock market sell-off. 30-year rates hold at 6.95%, while 15-year rates drop slightly to 6.12%. Higher rates and supply shortage continue to impact affordability, with sales activity declining.

Published on: January 30, 2025, 10:03 PM UTC

English cricket raised over £100 million on the first day of the Hundred franchise sale, with the Ambani family, owners of IPL's Mumbai Indians, acquiring a 49% stake in Oval Invincibles. The sale includes eight teams, with the Ambanis' purchase valuing the Oval Invincibles franchise at £123 million. Birmingham Phoenix, London Spirit, and Cardiff's Welsh Fire are among the teams set to be sold in the coming days, with potential investors including Avram Glazer, Sanjiv Goenka, and Silicon Valley executives. The proceeds from the sale will be distributed among counties and the recreational game.

Published on: January 30, 2025, 09:01 PM UTC

Caterpillar stock fell 5% after the company reported Q4 revenue of $16.2B, below estimates. Earnings per share reached $5.78, beating expectations. Revenue declined across segments due to shrinking dealer inventories. Caterpillar is seen as an indicator of economic trends.

Published on: January 30, 2025, 07:06 PM UTC

Elon Musk wants to make manufacturing "cool again." College grads are showing some interest in manufacturing, but law school applications are also rising.

Published on: January 30, 2025, 07:05 PM UTC

Oil market faces uncertainty amid tariff speculation from Trump administration and economic data

Published on: January 30, 2025, 06:00 PM UTC

Colombia is one of the world's top flower producers, with nearly 40% of US imports coming from the country. In the lead-up to Valentine's Day, Colombian flower growers prepare for a surge in demand, with 80% of their exports destined for the US. Tariffs would have had a catastrophic impact on the industry, but a recent resolution averted that threat.

Published on: January 30, 2025, 05:00 PM UTC

South Africa's central bank cuts rates again but warns of inflation risks. The MPC reduced the benchmark rate by 25 basis points to 7.5%, but the decision was split, with two members favoring an unchanged stance. The rand traded 0.5% stronger at 18.4388 per dollar, while yields on benchmark South African government bonds edged higher.

Published on: January 30, 2025, 03:06 PM UTC

DeepSeek's low-cost AI model shakes up the market, challenging Nvidia's dominance and raising questions about the future of AI investment.

Published on: January 30, 2025, 02:02 PM UTC

ManpowerGroup Inc. (MAN) reported fourth-quarter earnings of $22.5 million, exceeding Wall Street expectations. Earnings per share were $1.02, above the estimate of 99 cents. Revenue was $4.4 billion, below the forecast of $4.42 billion. For the year, the company reported profit of $145.1 million, or $3.01 per share, on revenue of $17.85 billion.

Published on: January 30, 2025, 01:05 PM UTC

Meta's metaverse division known as Reality Labs continues to lose billions, with losses exceeding $60 billion since 2020. Despite CEO Mark Zuckerberg's optimism about the metaverse's future, analysts question its profitability, with some suggesting that Meta's investment in AI may be a wiser choice.

Published on: January 30, 2025, 01:02 PM UTC