UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
(Bloomberg) -- China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Jun 24, 2021
Bloomberg News
,Mortgage rates in the U.S. rose above 3 per cent for the first time in 10 weeks.
The average for a 30-year loan was 3.02 per cent, up from 2.93 per cent last week and the highest since April 15, Freddie Mac said Thursday.
“As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” Sam Khater, chief economist at Freddie Mac, said in a statement. “For those homeowners who have not yet refinanced – and there remain many borrowers who could benefit from doing so – now is the time.”
Mortgage rates, which hit a record low of 2.65 per cent in January after plunging during the pandemic, have been hovering near 3 per cent for several weeks. The cheaper borrowing costs have fueled the housing market, boosting buying power for Americans looking for properties.
Many homeowners have also been able to refinance their mortgages to save on monthly payments.