magnez2 American Express’s (NYSE:AXP) consumer and small business credit card delinquency and net write-off rates stayed relatively stable during June, the company disclosed in an SEC filing on Monday. Meanwhile, lending activity ticked up during the month. U.S. consumer card member delinquency rate of 1.3% was unchanged from May. WhileContinue Reading
Douglas Rissing Weakening consumption and pressure in the housing market are among seven points outlined by Pantheon Macroeconomics about why the Federal Reserve should start cutting rates in the coming months. June’s cooler-than-expected Consumer Price Index inflation report bolstered bets this week that the Fed will start rate cutting atContinue Reading
sommart Mortgage rates dipped as Treasury yields decreased on the back of a cooling labor market, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.89% as of July 11, compared to 6.95% last week and 6.96% in the year-ago week. 15-year fixed-rate mortgages averaged 6.17%, downContinue Reading
luza studios/E+ via Getty Images Digital Realty Trust (NYSE:DLR) and Equinix (NASDAQ:EQIX) perked up 2.8% and 2.7%, respectively, in Thursday morning trading as Mizuho analyst Vikram Malhotra started coverage of the REITs with Outperform ratings on the view that “solid fundamentals for data centers are set to get even better.”Continue Reading
KeyBanc initiated coverage of delivery firms DoorDash (NASDAQ:DASH) and Maplebear (NASDAQ:CART) with a Sector Weight rating as the mixed consumer background and consensus estimates suggest limited upside for either stock from their current fair value estimates. Restaurant delivery is still growing, KeyBanc says, but grocery delivery competition is intensifying atContinue Reading
shaunl/iStock Unreleased via Getty Images Hapag-Lloyd (OTCPK:HPGLY) (OTCPK:HLAGF) shares surge 6% in German trading Wednesday after the shipping company raised its full-year profit outlook following a better than expected performance in H1 2024. The shipping company said it expects the year’s second half will top expectations thanks to recent strongContinue Reading
WANAN YOSSINGKUM Saratoga Investments (NYSE:SAR) fiscal Q1 2025 earnings exceeded the average analyst estimate as stable interest rates during the quarter kept the business development company’s net interest margin elevated, the company said on Tuesday. Adjusted net investment income per share of $1.05 for the quarter ended May 31, 2024,Continue Reading
marchmeena29 Mortgage rates rose this week, but are still expected to decrease modestly in H2, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.95% as of July 3, up from 6.86% last week and 6.81% in the year-ago week. 15-year fixed-rate mortgages averaged 6.25%, compared toContinue Reading
SCM Jeans Minutes of the Reserve Bank of Australia’s June policy meeting minutes revealed that policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates. The board is ready to raise rates if “inflation expectations” change.Continue Reading
bfk92/E+ via Getty Images The Baltic Exchange’s main sea freight index surged to its highest level in nearly two months on Monday, as spot rates for capesize vessels spiked to break through the $30K/day level. The overall Baltic Dry index (BDIY:IND), which factors in rates for capesize, panamax and supramaxContinue Reading
