US Existing-Home Sales Drop Back Again With Mortgage Rates at 7%

Feb 21, 2025 | Markets

January contract closings fell 4.9%, dragged by West and South Despite inventory increasing, home prices are still rising Sales of existing US homes fell last month for the first time since September, as the combination of high mortgage rates and prices sets a grim...

Mexico’s Economy Posts Biggest Quarterly Decline Since 2021

Feb 21, 2025 | Markets

GDP shrank 0.6% in fourth quarter from previous three months Slow growth, cooling inflation factors in central bank easing Mexico’s economy posted the biggest quarterly contraction since 2021, with domestic demand and private investment faltering just as tensions with...

Wall Street Is Selling ETFs That Mimic the Private Equity Boom

Feb 21, 2025 | Markets, Private Markets

Raft of funds offering PE-like exposure launch recently ETFs arrive amid push for first full-blown private-asset funds Wall Street is still awaiting regulatory approval for the first full-blown private-asset ETFs, but for now opportunistic issuers are continuing to...

UK Consumers Are More Pessimistic Than After Recession, GfK Says

Feb 20, 2025 | Markets

Findings suggest fallout from tax-raising budget is persisting Household spending is the key driver of the British economy British households are more gloomy about the economy than when the UK was emerging from a downturn a year ago, a blow to Chancellor Rachel...

Hegseth Set to Seek 8% Spending Shift at Pentagon

Feb 20, 2025 | Markets

New Defense secretary makes first foray into budget planning Memo doesn’t address future of Pentagon’s costly F-35 program Defense Secretary Pete Hegseth’s plan to reduce projected US military spending by 8% over the next five years would spare southwest border...

Goldman’s Rubner Sees Correction in US Stocks Amid Weaker Flows

Feb 20, 2025 | Markets

Retail demand, pension fund flows start to fade: Rubner Systematic Funds can sell up to $61B over the next month The US stock market can flip into a correction territory as retail and institutional buyers are running out of steam, according to Goldman Sachs Group...