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...Overall, nine of the top 10 brokerages by revenue recorded a fall in remuneration last year for their best-paid employees....
...Loretta Mester, president of the Cleveland Fed and an FOMC voter, said on Tuesday that she still planned to cut rates three times — in line with what she thought back in December....
...The LGA estimated the extra cost to councils would exceed their core funding by £2bn in 2023-24 and £900mn in 2024-25, even if the rate of price rises falls in line with government forecasts to 2.9 per cent...
...Lawyers for the homeowners contended that price-fixing had cost clients that worked with HomeServices roughly $4.2bn just in 2023....
...As we’ve covered before, high current mortgage rates + homeowners locked into 30yr rates below 1 per cent = very few homeowners who want to sell today....
...Despite ballooning Superbonus costs that have previously caused the government to overshoot its deficit targets, Rome stuck to its prediction for the fiscal deficit to fall to 4.3 per cent of GDP this year...
...Corcoran expressed “cautious optimism” for 2024 as rates have now begun to fall and the economy has remained resilient....
...Now mortgage rates have dropped back below 7 per cent and are expected to fall further later in the year....
...However, Thomas Pugh, economist at audit and tax consulting firm RSM UK, said the significant drop in consumer credit was in line with the fall in retail sales reported by the ONS earlier in the month, adding...
...Al Cook, chief executive of De Beers, the world’s largest diamond miner by value, said Chinese demand had been dragged down by a fall in the number of new homeowners, a shift towards consumers buying gold...
...Airbnb is examining new business lines as revenue growth slows following a post-pandemic boom....
...Berger said shareholders have not appreciated Sunnova’s ability to increase prices as the costs of solar equipment fall....
...Truss was right to attack knee-jerk thinking along these lines in September 2022 — what matters is the overall impact of redistribution, not individual effects....
...“You don’t want to fall back into the trap of 2017 when Theresa May thought, ‘if we do something on security you will give us something else on checks at the border or access to the single market’....
...BYD reported a 42 per cent fall in its electric vehicle deliveries in the first three months of the year compared to the final quarter of 2023, allowing Tesla to reclaim the crown as the world’s largest...
...Dutch homeowners must also contend with the frothiness of the property market....
...About three-quarters of US homeowners have mortgages charging less than 4 per cent interest, according to JPMorgan Chase research....
...This partially offset falls in energy prices and other everyday items....
...The Big Read Millions of homeowners worldwide are on the front line of an insurance affordability crisis....
...Homeowners braced for the “payment shock” of cheap loans expiring have channelled their anxiety into finding their next deal well ahead of time....
...Growth in real private residential fixed investment only just returned to zero: Maybe when rates do finally fall (they are going to fall, right?), the economy will enjoy a burst of pent-up demand....
...Wealthy Italians have long gone to St Moritz at the weekend; Giorgio Armani, Miuccia Prada and Moncler CEO Remo Ruffini are among the homeowners in Engadin....
...Garth Thompson, chair of the United Airlines unit of the Air Line Pilots Association, said that while the union was happy that regulators had acted cautiously, he had yet to hear of inspections finding a...
...“If home prices continue to fall, banks could start calling in homeowners’ mortgage loans, and if that happens it would threaten the stability of the entire economy.”...
...Rapid rises in mortgage rates had at first propelled homebuilder stocks, because they made current homeowners holding cheaper fixed-rate loans less willing to sell their properties....
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