Ken Griffin Calls Japan Bond Selloff ‘Explicit Warning’ for US

Citadel’s Ken Griffin said heavy selling of Japanese government bonds this week should serve as an “explicit warning” to US politicians to improve the nation’s finances. “The bond vigilantes can come out and extract their price,” Griffin told Bloomberg Television at...

US Pending-Home Sales Plunge by Most Since Start of Pandemic

Pending sales of US existing homes fell in December by the most since April 2020, an unusually large drop after the housing market appeared to be gaining some momentum. An index of contract signings decreased 9.3% to 71.8 last month, according to data released...

London House Building Collapses 84% in a Decade as Sales Plunge

The UK government is on course to miss its London housing targets by a wide margin after plunging new home sales led to a collapse in the number of new apartments under construction. Just 5,547 homes were started in the UK capital last year, an 84% drop from a decade...