Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.
JPMorgan’s Kolanovic gets even more underweight stocks as overtightening risk rises
JPMorgan’s top market strategist trimmed his allocation to equities further on concern the stock market is getting too optimistic about a economic soft landing.
Citi downgrades Morgan Stanley after earnings beat, says upside is limited from here
Despite the downgrade, the firm kept its price target unchanged.
China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals.
Morgan Stanley downgrades IBM, says stock’s outperformance will be harder to sustain
IBM may suffer from decelerating revenue growth and changing economic cycle dynamics, Morgan Stanley warned.
Putin could be ready to announce a second mobilization drive
Russian President Vladimir Putin could be ready to announce another mobilization round, as Moscow looks to bolster its armed forces in Ukraine, analysts believe.
‘Big Oil peddled the big lie’: UN chief slams energy giants for ignoring their own climate science
U.N. Secretary-General Antonio Guterres on Wednesday condemned fossil fuel giants for ignoring their own climate science.
Over 200 millionaires urge Davos elite to up taxes on the ultra-rich
Over 200 millionaires called on the elite attendees of this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich.”
Crypto exchange Coinbase says it will halt Japan operations
Coinbase’s decision to exit comes only a few weeks after rival exchange Kraken said it, too, would cease its operations in Japan this month.
China’s Covid reopening set to push 2023 oil demand to new high, IEA says
China’s reopening could boost global oil demand this year to new highs, the International Energy Agency said on Wednesday.