by Bloomberg.com | Feb 2, 2024 | alerts, Markets/Economy
Investors not bothered by change in timing of rate cuts: BofA Magnificant Seven technology stocks driving S&P 500 returns The rush into technology stocks is resembling the bubble of 1999, reflecting an assumption that the economy will perform strongly despite...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Lenders face debt maturities, lower values after thaw in deals Multifamily also a focus following change in New York rent law The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp delivered a...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Aozora Bank Ltd. shares plunged by the allowable limit after it forecast a loss for the year because of investments in the US commercial property sector. The bank announced that it expects to post a net loss of 28 billion yen ($191 million) for the fiscal year,...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Loan-loss provision soars on sign of weakening credit quality Bank is also bolstering balance sheet for stiffer regulation New York Community Bancorp, one of the winners as regional lenders struggled and collapsed last year, plunged by a record as investors worried...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Outlook worsens as factory activity shrinks for fourth month Investor sentiment is still extremely bearish: Union Bancaire A selloff in Chinese stocks deepened, with a key index falling to a five-year low and wiping out all the gains that it made last week on optimism...
