Tag: research

Posts with tag: research

Latest Posts

Mortgage Rates Barely Budge Despite Market Turmoil

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.

Ambani family buys stake in Oval Invincibles

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.

Caterpillar Stock Dips on Q4 Revenue Miss

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.

Elon Musk's Mission to Make Manufacturing "Cool Again"

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

Oil Prices Steady on Tariff Speculation, US Growth Concerns

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

Colombia's Flowers Bloom for Valentine's Day

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.

South Africa Cuts Rates Again Amid Increased Inflation Risks

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.

Snowflake CEO: DeepSeek is the real deal, and other OpenAI rivals are coming

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

ManpowerGroup beats earnings expectations

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.

Metaverse Investment: Loss or Profit?

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.